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Alfa Laval completes Desmet acquisition

Alfa Laval completes Desmet acquisition
At the COP28 climate conference, the European Investment Fund (EIF), Europe’s largest venture capital and private equity financier, announced new investments totaling EUR 200 million to enable four private equity funds to back EUR 2 billion of climate action and environmental sustainability investments.

Sweden-headed Alfa Laval – a world leader in heat transfer, centrifugal separation, and fluid handling – has announced that it has completed the acquisition of Desmet, part of the Desmet Ballestra Group, a world leader in engineering and supplying processing plants and technologies for edible oils and biofuel sectors.

Founded in Belgium in 1946, Desmet is a specialist in the supply of plants and equipment for the oilseeds- and grains industry and the oils- and derivatives industry with sales and execution locations across the world.

Its innovative, tailor-made plants for grain handling, oilseed preparation and pressing, oilseed extraction, feed milling, oil refining- and modification, biofuels, and oleochemicals are well known for reliability, low operating costs, and high-quality outputs.

According to a statement, the acquisition will strengthen Alfa Laval’s position in the renewable energy arena and complement its offering in edible oils.

Desmet will strengthen Alfa Laval’s position in the market by adding know-how and expertise to accelerate future innovations within food, feed and biofuels – and support Alfa Laval’s transformation towards renewable fuels.

The business acquired includes the operational units and brands of Rosedowns and Stolz, and had a turnover of approximately EUR 300 million in 2021 – and will operate as a stand-alone entity within the Food & Water Division of Alfa Laval.

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