Alfa Laval Group acquires leading fluid handling company
Alfa Laval Group – a world leader in heat transfer, centrifugal separation and fluid handling – has acquired the Definox activities from Defontaine. Definox designs and manufactures stainless steel valves and equipment for the food processing, pharmaceutical and cosmetic industries.
“I am very satisfied that we were able to acquire Definox. It fits our strategy to capture growth opportunities, in this case driven by quality and safety demands from the food and pharmaceutical industries,” says Lars Renström, President and CEO of the Alfa Laval Group. “We will drive profitable growth by adding an independent channel to the very interesting food and pharma market. Definox will continue to offer its own product range, under its own brand and through its own sales network.”
Definox has annual sales of about SEK 200 million and some 120 employees. The transaction is based on an enterprise value of SEK 75 million. Definox was consolidated into the Alfa Laval group from November 1, 2010.
Did you know that… Definox was established 40 years ago, with offices and manufacturing in Gétigné close to Nantes, France and with subsidiaries in USA and China?
About Alfa Laval
Alfa Laval is a leading global provider of specialized products and engineering solutions based on its key technologies of heat transfer, separation and fluid handling.
The company’s equipment, systems and services are dedicated to assisting customers in optimizing the performance of their processes. The solutions help them to heat, cool, separate and transport products in industries that produce food and beverages, chemicals and petrochemicals, pharmaceuticals, starch, sugar and ethanol.
Alfa Laval’s products are also used in power plants, aboard ships, in the mechanical engineering industry, in the mining industry and for wastewater treatment, as well as for comfort climate and refrigeration applications.
Alfa Laval’s worldwide organization works closely with customers in nearly 100 countries to help them stay ahead in the global arena.
Alfa Laval is listed on the Nordic Exchange, Nordic Large Cap, and, in 2009, posted annual sales of about SEK 26 billion (approx. 2.45 billion Euros). The company has 11,400 employees.
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