Bühler acquires Aeroglide06/25/2008 The Bühler Technology Group has acquired all the shares of the U.S. firm Aeroglide Inc. through the signing and closing of a definitive agreement with U.S.-based, Compass Diversified Holdings (CODI). Aeroglide, a mechanical engineering company that is a market leader in the field of drying and other thermal processes, is active in the food, feed, and industrial sectors. Aeroglide has supplemented the Bühler product range for years as a supplier. The acquisition will enable the future joint development of optimally matched solutions. Bühler will operate Aeroglide as an autonomous center of competence in the form of a business unit. Aeroglide, formerly a family-owned company, can look back upon a success story of over 60 years that has maintained a leading market position, especially in the past years. With approximately 230 employees, the company generated sales revenues in 2007 of USD 64m. The company, which is headquartered in Raleigh (North Carolina), is active worldwide and operates sales sites in the U.S., Asia, and Europe. Aeroglide supplies various thermal processes and produces specialized production systems. Aeroglide has established an international reputation especially in the drying of foods, feeds and of industrial products.
Aeroglide and Bühler have maintained a close business relationship for years. The drying systems of Aeroglide, which are based on belt conveyor technology, complete Bühler’s portfolio especially in the field of extrusion. The acquisition of this long-standing supplier creates the basis for joint development of optimally matched, complete industrial solutions. The combination will open up new opportunities for customers of Bühler and Aeroglide alike. Bühler plans to maintain Aeroglide’s operations as an autonomous center of competence for thermal process and drying technology at the company’s existing site in Raleigh.
Compass Diversified Holdings is a leading acquirer and manager of middle market businesses in the North American economy and is listed on the Nasdaq under the symbol “CODI.”