GEA Strengthens Cheese Production Line Technology With CMT Acquisition
GEA has completed the acquisition of CMT S.p.A., a leading supplier of single equipment and integrated production lines for pasta filata cheese (fresh mozzarella and pizza cheese).
GEA has completed the acquisition of CMT S.p.A., a leading supplier of single equipment and integrated production lines for pasta filata cheese (fresh mozzarella and pizza cheese). Thereby, GEA reinforces once more its capabilities at the growing sector of cheese processing after the recent acquisition of de Klokslag, a leading supplier of large scale equipment for semi-hard cheese production in Europe with revenues of more than EUR 35 million in 2014.
Located in Peveragno (Northern Italy), CMT generated EUR 11 million revenues with ca. 70 employees in 2014. While the European Union has been its main regional market, CMT also has significant project references in the Americas. GEA plans to integrate this business into its Application Center Dairy within the newly created Business Area Solutions.
“The purchase of CMT is another textbook example of our bolt-on M&A strategy to fill technological gaps by acquiring accretive specialist companies in order to enhance our offering of complete process solutions in attractive market applications like cheese processing in this particular case”, observed Jürg Oleas, CEO of GEA.
“It is quite telling that several of CMT’s customers have also been GEA customers. CMT will enrich our scope of solutions know how and we can give them strong support in taking this business to the next level – there are clear synergies in respect of globalizing the sales presence, of gaining access to new customers, and of promoting future technology development."
Source: GEA
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