Alfa Laval Group acquires a leading fluid handling company in China

Alfa Laval Group – a world leader in heat transfer, centrifugal separation and fluid handling – has acquired 65 percent of the shares in Si Fang Stainless Steel Products Co. Ltd in China. The company targets the food and beverage market in China with its sanitary product portfolio, including pumps, valves and fittings, with sales of about SEK 150 million in 2009 and some 300 employees. Si Fang will be consolidated into the Alfa Laval Group from April 1, 2010.

“I’m very satisfied that we were able to acquire Si Fang, it fits our strategy to capture structural growth opportunities, i.e. 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.” Did you know that… China had a GDP growth of 8.7% last year and that China at the moment is the world’s third largest economy, the fastest growing economy and the largest food producer?