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Avon Rubber Acquisition of InterPuls

AVON RUBBER p.l.c ACQUISITION OF INTERPULS S.p.A
 
Avon Rubber p.l.c. is pleased to report it has completed the acquisition of 100% of the share capital of InterPuls S.p.A (Italy), the global mechatronic leader in milking component solutions, which will be included within the Avon Dairy Solutions Division.
 
Avon Dairy Solutions is a manufacturer for various Original Equipment Manufacturers (OEMs) and many of the smaller Private Label Dairy clients, many of whom are shared with InterPuls. In addition, ADS also has its own brand of products, which are sold through a large external dealer network under the “Milkrite” brand name (www.milkrite.com ), which is similar to the InterPuls branded sales of products (www.interpuls.com ).
 
InterPuls is a significant acquisition and provides complimentary products to our Milkrite products. The acquisition enables the immediate merger of the two brands to create a new “Milkrite- InterPuls” brand. The new combined brand will be a significant and recognisable name within the global Dairy sector. Following the InterPuls acquisition, ADS will have revenues in excess of €60m per annum and operate in over 80 countries.
 
Established in 1974, InterPuls has developed a unique range of specialist milking components, enabling customers to configure state of the art milking systems. In addition to traditional milking components, InterPuls is expanding into high-technology sensors and devices to monitor the life cycle of a cow, analysing milk production, reproduction and health data to provide critical management data to increase operational efficiency of the farm, which will be sold under the new “Milkrite- InterPuls” brand and position us as a leader in milking point technology, providing complete teat to pipeline solutions for the Dairy sector.
 
This acquisition significantly expands the current product lines of both companies, provide a wider geographic footprint for the combined brands, whilst leveraging the global resources available to expand the sales & support networks for our global distribution partners, whilst also investing in future product technology and future product development to ensure we retain our position as a leading brand of innovation within the Dairy sector.
 
There are no further changes planned immediately following the acquisition, as it is expected to take approximately 18 months to integrate the businesses and align the global distribution networks. We also anticipate further sales and support resources will be required as a consequence of this acquisition. Your current InterPuls (and Milkrite) commercial contacts will remain the same and we will ensure there is clear communication should this position change in the future.
 
Commenting on the transaction, InterPuls General Manager Gabriele Nicolini said: “After many years of excellent cooperation both as Customer and Supplier, the acquisition will allow us to find new opportunities in the area of Dairy technology, allowing us to expand to new markets and develop new Milking component solutions.”
 
Commenting on the transaction, Avon Divisional Managing Director, Paul McDonald said “We have admired InterPuls for a number of years and this completes an exciting acquisition in support of the growth strategy of the Division. InterPuls have developed an excellent product portfolio that complements the current Milkrite products and the new combined brand will be a significant and recognisable brand within the Dairy sector. We look forward to growing both brands on a global basis and investing in further unique technologies”.
 
InterPuls S.p.A. | via F.Maritano, 11 | 42020 - Albinea RE - Italy | Tel. +39 0522 347511 | Fax +39 0522 348516 | sales@interpuls.com
Registro Imprese di RE n. 01259470357 - Cap. Soc. € 980.400,00 i.v. - P.IVA 01259470357
Società con socio unico.Società soggetta all’attività di direzione e coordinamento di Avon Rubber Plc. registrata in Inghilterra e Galles - Copyright©2008-2018 InterPuls S.p.A.