ENGINEERINGNET -- “BEST brings to the table both unique, patented technology and leading market positions in several fast-growing segments of the food sorting industry”, says Stefan Ranstrand, TOMRA’s President and CEO.
“The proposed acquisition of BEST will strengthen our own market presence in the food sorting segment and together with what we also have in our existing food sorting unit, it will provide an unrivalled technology base from which to grow our business further.”
”BEST and TOMRA Sorting complement each other perfectly in terms of technology and market coverage. This will benefit our customer and strengthen the combined organization”, says BEST CEO Paul Berghmans.
TOMRA Sorting Solutions is manufacturer of sensor based sorting machinery. The technology is applied in the recycling, mining and food. BEST on the other hand is specialized in laser sorting technology. Both technologies are complementary.
The founders and the executive team of BEST will remain active in the new organization ensuring the business continuity and they will manage the future growth of the Food Business Unit within Tomra Sorting Solutions.
Closing of the transaction is expected to take place in the beginning of July 2012.
