GEA Farm Technologies acquires Farmers Industries (NZ) Limited

Posted on 15 September 2010

Bönen, September 13, 2010 – GEA Farm Technologies (GEA FT) continues its expansion strategy by strengthening its presence in New Zealand through the acquisition of Farmers Industries Limited (FIL). New Zealand, the world’s largest exporter of dairy products, is considered a key market for GEA FT.

 

FIL was founded in 1978 and has focused on the development and manufacturing of a wide chemicals and consumables product range. This includes dairy detergents and sanitisers, teat care products, bloat remedies, spray marker dyes and its award winning and globally recognized range of oestrus detection tailpaints. FIL operates from Mount Maunganui and serves 17 international markets. GEA FT already has well established operations in New Zealand which are focused on the sale and service of milking and manure equipment.

 

“The acquisition of FIL completes our product portfolio for the New Zealand market. We see an opportunity to further accelerate FIL’s international growth and product development with the leverage of GEA FT’s world-wide sales network. This acquisition is part of a global strategy to strengthen our position in the consumables market.” says Dirk Hejnal, Segment President of GEA Farm Technologies.

 

FIL’s former owners, Dave Hancox and Arthur Jordan, are excited about the transaction. “This gives FIL and GEA FT the opportunity to build a stronger portfolio of products and services for NZ dairy farmers and at the same time provides an exciting opportunity for the company’s staff and suppliers,” Arthur Jordan says.

 

GEA Farm Technologies, headquartered in Bönen, Germany offers farmers integrated product and application solutions which today`s producers require: From design and planning of barn and business concepts up to the daily herd and farm management. Since 1926 the company has been known for future-oriented technical innovations. With its combined key competencies from milk production, manure systems, barn equipment and automatic feeding systems as well as state-of-the-art service and hygiene concepts GEA Farm Technologies provides a complete and up-to-date range of products and services that covers all herd sizes and meets the full spectrum of customer requirements around the world, reflecting the scale and nature of individual livestock operations. GEA Farm Technologies employs more than 1,900 people worldwide in subsidiaries in over 60 countries.

 

GEA Group Aktiengesellschaft is one of the largest system providers for food and energy processes with about EUR 4.4 billion in 2009 revenue. As an internationally operating technology group, the company focuses on process technology and components for demanding production processes in various end markets. The group generates about 70 percent of its revenue from the long-term growing food and energy industries. The company's workforce comprised over 20,000 employees worldwide as of December 31, 2009. GEA Group is a market and technology leader in its business areas. The company is listed in the MDAX index (G1A, WKN 660200).