Alfa Level Group announced that it has acquired 65% of the shares in Si Fang Stainless Steel Products Company Limited. Si Fang, based in China, serves the food and beverage market with a portfolio that includes pumps, valves and fittings.
Si Fang was consolidated into the Alfa Laval Group on April 1st 2010.
Its sales reached SEK 150 million in 2009 and it currently employs 300 employees.
Mr Lars Renström president and CEO of the Alfa Laval Group said:
“I’m very satisfied that we were able to acquire Si Fang, it fits our strategy to capture structural growth opportunities, ie structural changes in demand. We will drive profitable growth by adding an independent channel to the expanding food and beverage market in China. Si Fang will continue to offer its own product range, under its own brand and through its own sales network.”