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News 262 views last update:6 Aug 2012

Buhler acquires Aeroglide

The Buhler Technology Group has acquired all the shares of the US firm Aeroglide Inc. through the signing and closing of a definitive agreement on  $95 million (€60.7m) with US-based private equity firm Compass Diversified Holdings (CODI).

The deal, which closed Tuesday, marks the second time in 16 months that Aeroglide has been sold. Compass paid $58 million in February 2007 to acquire 89% of Aeroglide.

Buhler will operate Aeroglide as an autonomous centre of competence in the form of a business unit.

Aeroglide,  formerly a family-owned company, can look back upon a success story of over 60 years that has maintained a leading market position, especially in the past years.

With approximately 230 employees, the company generated sales revenues in 2007 of $64m (€40.91m).

The company, which is headquartered in Raleigh (North Carolina), is active worldwide and operates sales sites in the US, Asia, and Europe.

Aeroglide supplies various thermal processes and produces specialized production systems. It has established an international reputation especially in the drying of foods, feeds and of industrial products.

Buhler  is a global leader in process engineering, especially production technologies for making foods and engineering materials. Buhler is present in over 140 countries and has some 6900 employees. In fiscal 2007, the Group generated sales of CHF 1,770m (€1,090m).

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