Buhler Acquires Aeroglide Inc.Date Posted: June 29, 2008 The Buhler Technology Group has acquired all the shares of the U.S. firm Aeroglide Inc. through the signing and closing of a definitive agreement with U.S.-based, Compass Diversified Holdings (CODI). Aeroglide, a mechanical engineering company that is a market leader in the field of drying and other thermal processes, is active in the food, feed, and industrial sectors. Aeroglide has supplemented the Buhler product range for years as a supplier. The acquisition will enable the future joint development of optimally matched solutions. Buhler will operate Aeroglide as an autonomous center of competence in the form of a business unit. Aeroglide, formerly a family-owned company, can look back upon a success story of over 60 years that has maintained a leading market position, especially in the past years. With approximately 230 employees, the company generated sales revenues in 2007 of USD $64 million. The company, which is headquartered in Raleigh, NC, is active worldwide and operates sales sites in the U.S., Asia, and Europe. Aeroglide supplies various thermal processes and produces specialized production systems. Aeroglide has established an international reputation especially in the drying of foods, feeds and of industrial products. See Related Websites/Articles: Supplier News & New Products
|
|