Alfa Laval Group acquires provider of separation equipment and services to the U.S. energy market
Alfa Laval Group – a world leader in heat transfer, centrifugal separation and fluid handling – has acquired Hutchison Hayes Separation, a leading provider of separation equipment, parts and services, mainly to the U.S. energy related industries. Hutchison Hayes’ sales in 2007 were about SEK 150 million.
The acquisition of Hutchison Hayes Separation is in line with the Alfa Laval Group’s strategy of primarily acquiring companies that complement the existing business in terms of products, geography or in the form of new sales channels.
In this case, the Alfa Laval Group is adding a complementary channel for centrifugal separation equipment and service, primarily to the energy related industries in the U.S.
Hutchison Hayes will operate as a separate organization and is consolidated in the Alfa Laval Group from August 15.
About Hutchison Hayes Separation
Hutchison Hayes Separation is a leading provider of separation equipment, parts and services, mainly serving the U.S. energy related markets, and to a certain extent also the marine and food industries. The company sells and leases new decanters and high-speed separators, as well as parts and service.
The company was founded in 1927 and is based in Houston, Texas, U.S. Hutchison Hayes provides quality products and services. They go to market directly to their main customer groups, e.g. oil service companies, as well as through agents to the process industries.
The company reported sales of about SEK 150 million in 2007 and has some 40 employees.
www.hutch-hayes.com
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 2007, posted annual sales of about SEK 25 billion (approx. 2.7 billion euros). The company has some 11,500 employees.
www.alfalaval.com
For more information please contact:
Peter Torstensson
Senior Vice President, Communications
Alfa Laval
Tel: + 46 46 36 72 31
Mobile: +46 709 33 72 31
Gabriella Grotte
Investor Relations Manager
Alfa Laval
Tel: +46 46 36 74 82
Mobile: +46 709 78 74 82
Alfa Laval AB (publ) discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 08.30 on August 18, 2008.