FLSmidth to acquire Decanter Machine, Inc.
(Thomson Reuters ONE) -
PRESS RELEASE
FLSmidth has today signed an agreement to acquire the privately owned company
Decanter Machine, Inc., a United States based manufacturer and supplier of
centrifugal technology to the global minerals industries. The transaction is
subject to rezoning of a portion of real estate which is expected to occur in
September. The parties have agreed not to disclose the value of the transaction.
Decanter is recognised as the global leader in the manufacture of screen bowl,
solid bowl and hyperbaric centrifuges for minerals applications. The company has
over 550 centrifuges installed across eleven countries.
Decanter's product and service range further includes rotor unit repairs, spare
parts, field service and preventative maintenance. The company is primarily
active within the coal industry and in the processing of fertilizer mineral
potash.
With the acquisition of Decanter, FLSmidth complements the coarse particle
centrifuge technology recently acquired with the Australian company Ludowici.
With these two acquisitions, FLSmidth will have the complete range of centrifuge
technology used for coal preparation, as well as in other FLSmidth priority
industries, like fertilizer. Decanter's extensive experience and strong knowhow
in the area of repair services, rotor unit rebuilding, field service and
preventative maintenance will also enable FLSmidth to further strengthen this
service offering within its minerals customer base.
"This is an important step in our strategic efforts to grow within our six focus
industries; coal, iron ore, fertilizer minerals, copper, gold and cement.
Combined, the acquisitions of the Australian company Ludowici in July and now
Decanter, have strengthened our minerals offerings, making a perfect basis for
us to become our customers' preferred full service provider within both
fertilizer minerals and the coal industry," Group CEO Jørgen Huno Rasmussen
says.
Decanter Machine, Inc. was founded in 1983 (then called Decanter Services, Inc.)
and has developed into a global leader in centrifugal technology. The company is
headquartered in Johnson City, Tennessee, USA, with other offices in South
Carolina, USA and New South Wales, Australia. Today, the company has
approximately 150 employees in total. In 2011 Decanter Machine, Inc. delivered a
turnover of approximately USD 50m.
-------------------------------------
Please address any questions regarding this announcement to Group Executive Vice
President Peter Flanagan, FLSmidth & Co. A/S at +45 36 18 18 00.
For further information about FLSmidth, please visit www.flsmidth.com.
Yours faithfully
Pernille Friis Andersen
Corporate Communications & Investor Relations
Link to PDF file:
http://hugin.info/2106/R/1634025/524532.pdf
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originality of the information contained therein.
Source: FLSmidth via Thomson Reuters ONE
[HUG#1634025]
Unternehmensinformation / Kurzprofil:
Datum: 15.08.2012 - 12:11 Uhr
Sprache: Deutsch
News-ID 174943
Anzahl Zeichen: 3665
contact information:
Town:
Valby
Kategorie:
Business News
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