GEA Group acquires Huppmann |
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Press Release — March 8, 2006For detailed information about our total scope of supply to the brewery industry globally, please access our main brewery website http://www.gea-brewery.com.GEA Group AG acquires Huppmann AG - a leading supplier of complete brewhouses, refrigeration plants, CO2- and energy recovery plants as well as process control and automation systems for the brewery industry.Bochum, March 8, 2006 - GEA Group AG is to strengthen the brewery business of its Process Engineering Segment by taking over the Huppmann Group. Huppmann is a global supplier of equipment to the brewery industry and the market leader in brewhouse technology. Huppmann AG, located in Kitzingen, Germany, has annual sales of approximately EUR 60 million. The GEA Group will now be able to meet all the process engineering requirements of the international brewing industry, in both the "hot" and "cold" segments. "The acquisition of Huppmann AG is a strategically important step for the GEA Group. Beer is a market with high growth rates in several developing markets. This move will enable us to supply the full processing lines for breweries", said GEA Group's Executive Board member Peter Schenk. Huppmann has served the brewing industry since 1874 and has an international reputation for its excellent workmanship, quality, and technical excellence. Huppmann is known for much more than just brewhouses - their expertise in fermentation, storage, energy saving / energy management as well as their unsurpassed ability to upgrade and retrofit existing brewhouses speaks volumes about Huppmann's engineers and the traditions of the company. Niro Inc. (GEA Liquid Processing) will represent Huppmann in North America. GEA Liquid Processing also represents Tuchenhagen Brewery Systems and GEA Diessel and can therefore mix and match the offerings of the entire GEA Process Engineering Segment for the benefit of US brewery industry. GEA Liquid Processing is much more than just a representative for Huppmann - GEA Liquid Processing adds value in form of local engineering, procurement, fabrication, installation, and service staff. That combined with an on-going technology transfer to further improve efficiencies and project execution. For further information please contact:
Mr. Bruce Blanchard, Group Manager Note: On 13 April, 2006 the antitrust authorities approved the deal and Huppmann AG officially became part of the Process Engineering Segment of the GEA Group AG and Heinz-Jürgen Kroner (CEO), Anni Renner (COO) and Dirk Hämling (CFO) were appointed to the Executive Board of Huppmann AG. |
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