Haarslev Industries has entered into an agreement to acquire all shares in the New Zealand-based rendering systems supplier Flo-Dry Engineering Ltd.
The acquisition will give present users in New Zealand and Australia local access to service and the latest technologies developed by Haarslev Industries in recent years, while Flo-Dry will gain access to markets in Europe, Russia, North and South America, Asia and the Middle East, where Haarslev Industries is already established, according to the two companies. “The product portfolios of the two companies are complementary to a large extent," said Tissa Fernando, managing director of Haarslev. "Together, we will have the size, innovative capacity and global presence needed to succeed in our competitive industry.”
The transaction was closed on December 9.
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