SPX Corp. is buying a German company that develops and supplies extraction, evaporation, vacuum, and freeze-drying systems for food and beverage, pharmaceutical, and bio-energy industries worldwide, for an undisclosed price. The purchase agreement is subject to closing conditions but SPX predicted it will be completed by year’s end.
Charlotte-based SPX manufactures infrastructure products, process equipment, and diagnostic tools.
E&E Verfahrenstechnik GmbH will be organized with the SPX Flow Technology business unit. It has headquarters in Warendorf, Germany, in-house experts developing over 300 different products in multiple product markets, and a global sales network.
SPX said E&E’s critical market is the coffee industry. In addition to extract preparation and freeze-drying systems it provides equipment for solid/liquid and liquid/liquid extraction, thermal liquid concentration, solvent rectification, and vacuum/freeze continuous belt or tray drying of pharmaceutical extracts, and coffee extract, among other downstream markets.
"Our acquisition of E&E will expand and enhance our food-and-beverage capabilities, and complement our 2010 acquisition of Anhydro," said Don Canterna, segment president, SPX Flow Technology. "Additionally, E&E's freeze-drying technologies and deep experience in creating instant coffee production facilities will give expanded presence in the global coffee market, particularly in Europe and Asia, where E&E has strong relationships."