We are pleased to inform you that an agreement has been signed with Siemens-Dematic AG concerning the acquisition of Colby Powder Systems by GEA. Colby Powder Systems consists of Colby Powder Systems Pty. Ltd. in Australia, the subsidiary Colby Systems Ltd. in New Zealand and Sales and Service activities in the United States and Europe. The Colby companies have a total of 109 employees. The effective date of takeover is January 1, 2004, but closing of the transaction will be concluded upon approval by the New Zealand Commerce Commission.
Colby Powder Systems is the world leader in the design and engineering of integrated powder handling systems for the international dairy powder and baby nutritional powder industry. The company supplies conveying and handling systems, bulk and retail packaging systems, e.g. can and pouch filling lines, 25 kg bag and big bag filling lines, etc. and has already in the past acted as a sub-supplier to the P-Division on several projects.
With this acquisition the Process Engineering Division expands its scope of supply and becomes the only supplier capable of delivering complete process lines from liquid processing to powder packaging systems to the above mentioned industries.