Swedish manufacturer Alfa Laval Group (STO: ALFA), focused on heat transfer, centrifugal separation and fluid handling products, has acquired 65 percent of the shares in Si Fang Stainless Steel Products Co. Ltd. in China. The Chinese company targets the food and beverage market in China with its sanitary product portfolio, including pumps, valves and fittings, with sales of SEK 150 million in 2009 and 300 employees.
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“I’m very satisfied that we were able to acquire Si Fang; it fits our strategy to capture structural growth opportunities, including structural changes in demand,” says Lars Renström, president and CEO of the Alfa Laval Group. “We will drive profitable growth by adding an independent channel to the expanding food and beverage market in China. Si Fang will continue to offer its own product range, under its own brand and through its own sales network.”
Alfa Laval is listed on the Nordic Exchange, Nordic Large Cap, and posted sales of about SEK 26 billion (2.45 billion Euros) in 2009. The company has 11 400 employees.
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