Buhler acquires Schmidt-Seeger09/22/2010 Uzwil – The acquisition of Schmidt-Seeger by Buhler announced on August 20, 2010 has been approved by the German Federal Cartel Office without any restrictions. Both companies are highly satisfied and look forward to achieving the envisioned global growth targets together. The strategic acquisition of Schmidt-Seeger by Buhler creates a global corporate unit for Grain Management and Malting. Buhler is thus giving consideration to the challenge of ensuring optimal grain supplies in view of global population growth and climate change. In the future, the customers of Buhler and Schmidt-Seeger will be able to purchase even better and in particular integral solutions along their value chains from a single source. This allows a significant contribution to be made to the quality assurance and retraceability of foods.
Schmidt-Seeger is a profitable company headquartered in Beilngries north of Munich (Germany) which operates additional production sites in Döbeln (Saxony) near Dresden (Germany) and in Delhi (India). Schmidt-Seeger operates on a global scale as a plant supplier in the field of Grain Management. The company has proven know-how in the areas of drying, storage, and handling of grain as well as in the field of malting.
Schmidt-Seeger will be integrated as an affiliated company in the Grain Processing division of Buhler. The site in Beilngries will be expanded into a global Buhler Grain Management center of competence. No job cuts are planned in connection with the acquisition. A joint integration team has already started work. In the coming months, it will forge ahead with the concrete steps of rapid strategic and operational merging of the two organizations.
The contracting parties have agreed not to disclose the purchase price.
Buhler is a global leader in the field of process engineering, especially production technologies for making foods and engineering materials. Buhler operates in over 140 countries and has some 7500 employees worldwide. In fiscal 2009, the Group generated sales revenue of CHF 1.7 billion.
Schmidt-Seeger operates on a global scale as a plant supplier in the field of Grain Management and offers solutions ranging from the design and construction to the start-up of complete plants. The company is a global leader in the field of Malting Technology. In fiscal 2009, it achieved sales of about EUR 85 million with some 500 employees.
For more information, please contact:
Corina Atzli, Head Corporate Communications, Bühler AG, 9240 Uzwil, Switzerland
Phone +41 71 955 33 99, Fax +41 71 955 38 51, Mobile + 41 79 216 73 73,