Langbroek, 16 February 2016
Aalberts Industries N.V. has reached an agreement to acquire 100% of the shares of Schroeder Industries, Inc. (Schroeder). The company, based in San Antonio, Texas, USA, generates an annual revenue of approximately USD 13 million and strengthens our global position in the beverage dispense market, part of our Industrial Controls business.
Schroeder was founded by Jud and George Schroeder who built the company with an experienced management team. Schroeder is known for its strong innovation and patented products, such as: bar dispensers, non-carbonated post-mix and beverage dispensers, carbonators, chillers and accessories.
The product lines of Schroeder are complementary to our existing dispensing technologies, Taprite (also in San Antonio, Texas, USA) and DSI (Germany).
By combining our portfolios, utilising our strong brands and sales & distribution channels, we are able to offer an even more complete dispensing system to our global customers. Also we see many possibilities to improve our supply chain, optimise our manufacturing and strengthen our R&D developments.
The existing management team of our beverage dispense group will take leadership and combine the activities. They will further develop the business, based on the many growth and improvement possibilities.
The results of Schroeder will be consolidated from 1 February 2016.
More information on Schroeder can be found at www.schroederamerica.com.
For more information (from 8 am CET):
Wim Pelsma (CEO)
John Eijgendaal (CFO)
+31 (0)343 56 50 80
info@aalberts.com
