FPS acquires Diamond Automations
With this acquisition, FPS broadens its portfolio in the egg industry with egg breaking and processing equipment.
FPS Holdings, Inc., fully owned by FPS Food Processing Systems b.v., has acquired 100 percent of Diamond Automations, Inc.
FPS Food Processing Systems b.v. is a holding company based in Nootdorp, The Netherlands, and is, among other companies, also owner of Moba b.v.
With this acquisition, FPS broadens its portfolio in the egg industry with egg breaking and processing equipment. FPS said, for the company, the acquisition is an answer to the ongoing consolidation in the egg market and is in line with the ambition of bringing sophisticated and innovative solutions to the industry.
FPS said it plans to invest in new technologies for all of its companies. Diamond Automations, Inc., and Moba b.v. will be operated totally independent, and both companies will continue to focus on each of their respective market segments.According to FPS, no changes are foreseen for the operation of both companies, and business will be continued as usual.