From FoodProdDaily: The Sweden-based company announced Friday it had bought a 65 per cent share in Si Fang Stainless Steel Products Co, which targets a wide range of segments in China’s food and beverage market. The firm specialises in sanitary products such as pumps, valves and fittings. Last year it posted sales of around SEK150m (€15.5m) and has 300 employees.
No financial details were disclosed about the deal which was finalised on 1 April. Alfa Laval said while its majority stake gave the opportunity for investment it was still too early to say if, or when, further cash would be pumped into the Chinese acquisition.
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Food processing growth in China prompts Alfa Laval acquisition