Swedish fluid handling, centrifugal and heat transfer company Alfa Laval has completed its acquisition of edible oil and biofuel processing specialist Desmet, part of the Desmet Ballestra Group, the company announced.
The acquisition, which will operate as a stand-alone entity within Alfa Laval’s Food & Water Division, will strengthen Alfa Laval’s position in the renewable energy sector and complement its edible oils portfolio, according to the 2 August statement.
The operational units and brands of Rosedowns and Stolz are also included in the transaction.
“It will add know-how and expertise to accelerate future innovations within food, feed and biofuels – and strengthen our ability to support the transformation towards renewable fuels,” Alfa Laval president and CEO Tom Erixon said on 31 March when first announcing the acquisition.
Founded in Belgium in 1946, Desmet is a supplier of plant and equipment for the oilseeds & grains industry and the oils & derivatives sector. Last year, the company had a turnover of approximately €300M (US$307M).
According to its website, the Desmet Ballestra Group is controlled by Financière DSBG, a holding company based in Paris, France.
Stockholm-headquartered Alfa Laval specialises in heat transfer, centrifugal separation and fluid handling systems, and is active in the energy, marine and food & water sectors in around 100 countries.