Buhler acquires the US company Draiswerke, Inc.01/12/2011 Uzwil – The Buhler Technology Group acquired the US company Draiswerke, Inc. just before the end of the year 2010 and is thus strengthening its position in the North American market. In the long term, this move especially stands to offer promising prospects as a supplier to the trendsetting Cleantech industry. Draiswerke, Inc. is headquartered in Mahwah, New Jersey. The successful company with originally German roots has up to now competed with Buhler by partly offering similar products in the same market segments. Through the acquisition of Draiswerke, Inc., Buhler has gained a smoothly functioning local team and can benefit from an outstanding base for achieving its future growth targets right from the outset. The company, which generated sales of about USD 5 million last year, will be integrated in the Buhler Grinding & Dispersion business unit, which offers comprehensive solutions for manufacturing electronic materials, printing inks and paints, fine chemicals, and products used in other industries.
The acquisition is a logical further development after Buhler’s acquisition of parts of Draiswerke Mannheim GmbH as far back as 2003, which it turned into a economically company, though the company acquired now has been a legally independent entity since the nineties. The parties have agreed not to disclose the purchase price.
Attractive market prospects
This transaction enables Buhler to strengthen its position in the North American market in terms of both existing and prospective customers. This applies to the new equipment business as well as the spare parts and service business, for example overhauls and retrofits on the large base already installed. What is more, Draiswerke, Inc. is located at a regionally attractive site close to the now joint customer base and with excellent traffic links. In the long term, Buhler especially stands to benefit from great opportunities in the field of alternative energy conversion and storage, that is, applications in the trendsetting Cleantech industry, in which substantial investments have been made in the US for some time now.
Integration in the current fiscal year
Integration in the Buhler Grinding & Dispersion business unit is to be completed by the end of this year. Gisbert Schall, the current President & CEO of Draiswerke, Inc., will retain his function up to mid-2011, by when a successor is to be found. Gisbert Schall has expressed his preparedness to offer his expertise as a consulter to Buhler for another year, after which he will have reached the regular retirement age.
Buhler is a global leader in the field of process engineering, especially production technologies for food production and the manufacture of engineering materials. Buhler operates in over 140 countries and has a global payroll of about 7500. In fiscal 2009, the Group generated sales of CHF 1.7 billion.
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