GEA Group aquires Convenience Food Systems ( CFS )
Bochum, December 20, 2010- GEA Group Aktiengesellschaft expands the share of food process technology in its portfolio. Acquiring the company Convenience Food Systems (CFS) from funds managed by AEA Investors LP, GEA has added to its group one of the most multi-faceted suppliers of secondary food processing and packaging machinery (meat, fish, cheese). The company, which is headquartered in Bakel, NL, and has some 2000 employees expects a turnover of about EUR 400 M in this financial year. The transaction remains subject to approval by the antitrust authorities and is expected to be consummated during the first half of 2011A. You will find full press release here.
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