Waterloo, Iowa–15 September 2008
CPM ACQUIRES UK-BASED GREENBANK TECHNOLOGY
WATERLOO, Iowa - CPM, the world's leading equipment provider for particle size
reduction, pelleting and thermal processing announces the acquisition of UK-based
Greenbank Technology Ltd of Blackburn, England. The company expands CPM's
thermal processing product offering into metal decoration, web, pulp and paper market
"Greenbank has emerged as the new drying leader for the two-piece can market. This
leadership position, coupled with Greenbank's storied legacy in the paper, pulp and web
industries, makes Greenbank an ideal addition to CPM's family of companies." said Ted
Waitman, CPM president. "Greenbank and Wolverine Proctor will work together in areas
of design, sales, service and production to deliver unprecedented value to our customers."
David Wilkinson, Greenbank managing director, adds, "This is an exciting day for
Greenbank employees and customers. With CPM, we will leverage an expanded network
of capabilities ensuring that we continually exceed customer expectations."
Greenbank offers high-value thermal process systems including dryers, ovens, washers,
air pollution control and heat recovery systems. Greenbank has long been known for
industry leading innovation, operating efficiency, reliability and performance.
CPM offers world-class equipment and after-market sales and support for particle size
reduction, preparation and agglomeration in feed milling, oilseed processing, ethanol,
biomass, pet food, cereal, snacks and compounding industries. The company also serves
the corn wet milling, extrusion, microbrewery and wood industries.
CPM's business units include Beta Raven, California Pellet Mill, Century Extrusion,
Crown Iron Works, Roskamp Champion, Ruiya Extrusion and Wolverine Proctor. CPM
has more than 1,000 employees and production facilities in the Americas, Europe and
Asia. For more information, visit cpmroskamp.com or contact CPM at 800-366-2563.