The private shareholders of Decanter Machine, Inc. (Decanter) have sold the company to FLSmidth & Co. A/S (FLSmidth) for an undisclosed consideration.
Headquartered in Johnson City, Tennessee, with additional locations in South Carolina, USA and New South Wales, Australia, Decanter is recognized as the global leader in the manufacture and repair of screen bowl, solid bowl and hyperbaric centrifuges for mineral processing applications. The company has developed its strong market position as a result of its steadfast dedication to providing customers with the highest levels of service, developing and manufacturing the most technologically advanced equipment in the industry, and providing customers with durable, cost-effective repair solutions. Wally Schultz, Decanter’s President, will continue to serve in the same capacity along with the company’s existing management team. “We are excited about the opportunity to join with a strategic partner that has the scale, capabilities and global leadership that FLSmidth provides. Decanter’s product line of processing equipment is a great complement to FLSmidth’s, and the combination will allow FLSmidth to offer customers a complete range of centrifuge product offerings,” said Mr. Schultz.
Founded in 1882, FLSmidth is a worldwide supplier of equipment, systems, and services with headquarters in Copenhagen, Demark. The company supplies everything from single machine units to complete minerals and cement flowsheets including associated services. It serves the cement, base metals, precious metals, light metals, industrial mineral, energy, phosphate and potash, pulp and paper, chemical, food, pharmaceutical, steel and diamond industries.
Oaklins' team in Cleveland served as the exclusive investment banker to the seller in this transaction. Our team worked closely with Oaklins' team in Denmark in the completion of this transaction.
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