Alfa Laval, a world leader in heat transfer, centrifugal separation and fluid handling, has recently signed an agreement to acquire the American company AGC Engineering, Inc., which provides sanitary plate heat exchanger service and equipment to the dairy and food processing industries. AGC has a turnover of approximately SEK 70 M and 65 employees.

“The acquisition is in line with the Alfa Laval Group’s strategy of structural growth, including strategic acquisitions and an enlarged scope of Parts and Service, i.e. the Group’s aftermarket business,” says Lars Renström, CEO and President. “In this case Alfa Laval is adding a complementary channel for sanitary plate heat exchanger parts, service and new units to the dairy and food processing industries, mainly targeted in the USA.” AGC will not be integrated into Alfa Laval. The two organizations will go to market independently of each other according to a multi-brand strategy.

According to the company’s press release, Alfa Laval has also received an order for the successful high efficiency plate heat exchanger T50, which will be installed in a petrochemical plant in Saudi Arabia. The total value is about SEK 190 million and delivery will take place in 2009.