Nordic Business Report-April 11, 2006-Tetra Pak acquires US company Carlisle Process Systems Inc
(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com
The Swiss-Swedish processing and packaging systems provider Tetra Pak said on Tuesday (11 April) that it has agreed to acquire Carlisle Process Systems Inc, the cheese and powder processing business of US group Carlisle Companies Inc.
Carlisle Process Systems has 300 employees and reported sales of approximately USD100m in 2005.
"Through this acquisition, Tetra Pak Processing Systems will broaden its offering in the dairy and cheese categories, enabling Tetra Pak to offer complete production solutions," said Sam Stromersen, president of Tetra Pak Processing Systems.
"Furthermore, the acquisition provides Tetra Pak Processing Systems with an excellent platform for servicing the important cheese market in the USA," Stromersen added.
The financial details of the acquisition were not disclosed.
One US dollar (USD) is worth approximately 0.57 British pounds (GBP).
((Comments on this story may be sent to firstname.lastname@example.org))