Tetra Pak Completes Acquisition of Carlisle Process Systems
07 December 2006
Tetra Pak has completed the transaction of Carlisle Process Systems (CPS) from Carlisle Companies, Inc., offering the cheese and dairy market a complete product portfolio. As of December 1, 2006, the integration of CPS activities into Tetra Pak's existing cheese activities begins.
"By adding these products to our current portfolio, we will be able to offer customers complete production solutions for cheese plants, including whey powder, and for milk powder plants," commented Dennis Jönsson, Tetra Pak's president and CEO. "In the USA, CPS has a particularly well-established position in the cheese market, and the transaction provides Tetra Pak with a better platform for servicing this important market."
CPS develops and manufactures equipment for cheese and powder production through brands including Scherping, Damrow, and Scheffers. In 2006 CPS' sales revenues is expected to be around $100 million, and the number of employees just over 300.
Sam Strömerstén, the president of Tetra Pak Processing Systems, stated: "The product portfolio and geographic coverage are extremely complimentary. The rationale for the transaction is driven by providing a complete product portfolio and better service for our customers." The new entity, Tetra Pak Cheese and Powder Systems, will be led by Tim High, currently President of CPS.
