November 6, 2007

 

CPM buys Chinese feed equipment company 

 

 

CPM Acquisition Corp., a major supplier of processing equipment to the animal feed, oilseed, biofuels and food processing industries, announced the acquisition of Chinese company Nanjing Ruiya Polymer Processing Equipment Co. Ltd.

 

The CPM Ruiya Extrusion division will be aligned with CPM Century Extrusion, according to terms of the acquisition. 

 

CPM Century Extrusion president Bob Urtel declared that the combined resources for engineering, manufacturing and process support, along with the product portfolios and service networks of both companies would shape the future of extrusion equipment performance and value.

 

The combined entity's worldwide primary process equipment team would number more than 950 employees. 

 

The expansion of the company's product line would benefit the company's global customers and boost capacity, expertise and quality of global service, CPM president Ted Waitman said.

 

The acquisition will also expand CPM's portfolio of primary processing equipment for markets served by compounding extrusion technologies and extend the existing CPM global solution network in Asia, the company said.

 

CPM will continue manufacturing at all existing locations and will continue the production of all existing product lines.

 

The cooperation between Century Extrusion and Ruiya will bring the full resources of the companies' combined capabilities to fulfill customer requirements, said Ruiya chief engineer Harry Zhang.

 

CPM supplies more than half the pellet mills in the world, according to the company's website.

 

In late August, CPM announced the acquisition of Minnesota-based Crown Iron Works, which supplies oilseed extraction and edible oil refining equipment. At the time, CPM president Ted Whitman said the union of Crown and CPM creates the only single-source supplier for complete oilseed preparation and extraction processes.