CPM Holdings Inc. (CPM), the world’s leading supplier of processing equipment and technology to the animal feed, oilseed, bioenergy, food processing, and plastics compounding industries announces the acquisition of Extricom Blach Extruder & Components in Lauffen, Germany. Extricom is a leading supplier of twin screw extruder replacement parts and is the inventor of the innovative RingExtruder, a multi-screw extruder developed to compound high viscosity materials.
Extricom represents a technology and geographic complement with CPM Extrusion Group’s Century Extrusion of Traverse City, Michigan, and Ruiya Extrusion of Nanjing, China. With the acquisition, the CPM Extrusion Group builds on its global platform for compounding equipment and systems, replacement parts, and services.
The CPM Extrusion Group has grown to meet the needs of our global customers and this acquisition will allow us to further complement that service with a major base in Europe,” remarked CPM Extrusion Group President Bob Urtel, “Extricom’s advanced twin screw and multi-screw design and process knowledge will enhance the Group’s applications capabilities and with it, our value proposition to the customer."
The CPM Extrusion Group with locations in the United States, Germany, and China will provide customers with an extensive compounding product offering including three levels of twin screw extruders and the RingExtruder. With our expanded portfolio of compounding equipment and our world class process and applications group, we will deliver highly innovative solutions to a wide array of end users.
This merger of twin screw and RingExtruder technologies offers customers with the widest portfolio of equipment and parts in the world,” says Charlie Spearing, General Manager, Global Twin Screw Operations.
“We are committed to delivering process solutions for all sectors working with high-viscosity material, from plastics to powder coating and rubber to food products,” says Markus Blach of Extricom. “With our expanded portfolio of compounding equipment and a world class process and applications group, we will deliver highly innovative solutions to a wide array of applications.”
The acquisition will significantly expand CPM’s portfolio of compounding equipment, replacement parts and services. The CPM Extrusion Group offers sales, service, manufacturing and process technology centers in the Americas, Europe and Asia.
About Extricom ExtrusionExtricom GmbH will be immediately effective and officially renamed Extricom Extrusion GmbH. Extricom Extrusion is a complete supplier of compounding lines, replacement parts, and services. With over 30 years of expertise in extrusion systems, Extricom provides innovative development and manufacturing of closely intermeshing screw systems through the integration of production, assembly, service, laboratory research, and administration from headquarters in Lauffen, Germany. While CPM is investing resources in all aspects of the business, the personnel will remain the same; all customers will experience the same process knowledge, passion for the equipment, service, and customer commitment that has been our trademark around the world. About CPMEstablished in 1883, CPM is the world's leading supplier of process equipment and technology for the animal feed, oilseed, biofuels, compounding, and human food processing industries. CPM's pelleting, extraction, grinding, flaking, extrusion, thermal processing, scaling, and automation equipment excel in the most demanding applications. CPM business units include California Pellet Mill, Roskamp Champion, Beta Raven, Century Extrusion, Ruiya Extrusion, Extricom Extrusion, Wolverine Proctor, and Crown Iron Works. CPM has more than 1,000 employees with production facilities in the Americas, Europe, and Asia. For more information, visit corporate.cpm.net. Forward-Looking Statements:This release contains "forward-looking statements" as defined under the Federal Securities Laws, including the Private Securities Litigation Reform Act of 1995 and is subject to the safe harbors created by such laws. All statements that are not historical are forward-looking. Such statements can be identified by the use of words such as "anticipate," "believe," “will,” "estimate," "expect," "intend," "project," "plan," "outlook," and other words and terms of similar meaning. These statements are based on the current expectations or beliefs of management of CPM and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those contained in the forward-looking statements in this press release. CPM disclaims any obligation to update forward-looking statements contained in this release, except as may be required by law. |
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