The Buhler Technology Group acquired the U.S. company Draiswerke, Inc. just before the end of the year 2010 and is thus strengthening its position in the North American market. In the long term, this move especially stands to offer promising prospects as a supplier to the trend-setting Cleantech industry, according to Buhler. Draiswerke, Inc. is headquartered in Mahwah, New Jersey. The company has up to now competed with Buhler by partly offering similar products in the same market segments. Through the acquisition of Draiswerke, Inc., Buhler has gained a local team and can benefit from this base for achieving its future growth targets right from the outset. The company, which generated sales of about $5 million last year, will be integrated in the Buhler Grinding & Dispersion business unit, which offers solutions for manufacturing electronic materials, printing inks and paints, fine chemicals, and products used in other industries. The acquisition is a logical further development after Buhler’s acquisition of parts of Draiswerke Mannheim GmbH as far back as 2003. Integration in the Buhler Grinding & Dispersion business unit is to be completed by the end of this year. Gisbert Schall, the current President & CEO of Draiswerke, Inc., will retain his function up to mid-2011, by when a successor is to be found.
Buhler Acquires Draiswerke, Inc.
Published January 12, 2011
blog comments powered by Disqus