Thursday, October 25, 2007
CPM Acquires Nanjing Ruiya Polymer Processing Equipment Co., Ltd.
CPM Acquisition Corporation (CPM),a leading supplier of processing equipment to the animal feed, oilseed, biofuels, food processing, and plastics compounding industries, has announced the acquisition of Nanjing Ruiya Polymer Processing Equipment Co., Ltd. of Nanjing, China.
Following completion of the acquisition, the CPM Ruiya Extrusion division will be aligned with CPM Century Extrusion.
The addition of Ruiya is a significant advancement in CPM’s mission to offer its customers the finest engineered, manufactured, and supported extrusion technologies, allowing customers to achieve the lowest total operating cost solutions for their compounding needs.
CPM Century Extrusion President Bob Urtel announced the acquisition from the K-Show in Dusseldorf, Germany, saying, “We are proud to have the people of Ruiya join us as we continue our mission to bring the very best products and services to the worldwide compounding marketplace. Our combined resources for engineering, manufacturing and process support, along with the outstanding product portfolios and service networks of both companies, will shape the future of extrusion equipment performance and value.”
The combination of Century Extrusion and Ruiya will form a powerful manufacturing and service network with a strong team of application specialists that will compete on a long-term, global scale to serve its customers.
With the addition of Ruiya, CPM’s worldwide primary process equipment team will be over 950 members strong.
“This expansion of our product line will benefit our global customers and increase our capacity, expertise, and quality of global service. It continues the CPM tradition of building a premier organization from exceptional teams around the globe,” stated CPM President Ted Waitman.
The acquisition will significantly expand CPM’s portfolio of primary processing equipment for markets served by compounding extrusion technologies and extends the existing CPM global solution network in Asia. CPM will continue manufacturing at all existing locations and will continue the production of all existing product lines.
“We are very excited to join the CPM Extrusion Group as we further our primary mission of providing top ranked products with complete application capabilities at attractive prices and loyal service to our worldwide customers. The cooperation between Century Extrusion and Ruiya will be an example of flawless teamwork that
brings the full resources of our combined capabilities to fulfill every requirement of our customers,” said Ruiya Chief Engineer Harry Zhang.
Nanjing Ruiya Polymer Processing Equipment Co., LTD. is a leading provider of complete compounding systems, including twin screw extruders, to the plastics and food industries in Asia. While CPM is investing resources in all aspects of the business, the personnel will remain the same; all customers will experience the same process knowledge, passion for the equipment, service, and customer commitment that has been our trademark around the world.
Established in 1883, CPM supplies of process equipment and technology for the animal feed, oilseed, biofuels, compounding, and human food processing industries. CPM’s pelleting, extraction, grinding, flaking, extrusion, thermal processing, scaling, and automation equipment excel in the most demanding applications. CPM business units include California Pellet Mill, Roskamp Champion, Beta Raven, Century Extrusion, Ruiya Extrusion, Wolverine Proctor, and Crown Iron Works. CPM has more than 950 employees with production facilities in the Americas, Europe, and Asia.