The strategic combination creates a stronger global partner for french fry and potato flake processing solutions.The group will reach approximately €400 million annual revenues.
A leading food processing equipment group held by an independently managed investment company affiliated to Investindustrial, and comprising the Kiremko, Idaho Steel and Reyco brands, has completed the acquisition of 100% of Tummers Group and Van der Giessen, bringing together highly respected specialist companies with complementary capabilities across the potato processing value chain.
Kiremko (ISP REYCO) has been brought under the umbrella of InvestIndustrial, along with Tummers and van de Giessel, and together they have become Foodera Technologies.
The acquisition marks an important step in building a stronger global platform for the food processing equipment industry. By combining Kiremko, Idaho Steel and Reyco’s deep expertise in frozen potato processing with Tummers’ expertise in fully integrated potato flake lines, drum drying technology, and related industrial solutions, and Van der Giessen’s expertise in equipment installation and on-site services, the enlarged group is now positioned to offer customers a broader portfolio of solutions, stronger innovation capabilities and expanded global support.
The combination will also accelerate the development of recovery solutions focused on water, waste heat and steam, helping customers improve resource efficiency, reduce energy consumption and lower total cost of ownership, while supporting the industry’s broader need for more sustainable and efficient processing technologies.
Together, the companies will form a broader and more integrated industrial group serving customers across both french fries and potato flakes, with a greater technical expertise and a stronger ability to invest in automation, digital capabilities, global reach, stronger customer service and faster local responsiveness across Europe, North America and Asia.
Gerardo Chiaia, President and Chief Executive Officer of the Group, said:
“Today marks an important milestone for our customers, our associates and our future. With Tummers and Van der Giessen joining Kiremko, Idaho Steel and Reyco, we are bringing together complementary technology players in french fries and potato flakes applications into one stronger global group. Our ambition is clear: to be the partner customers trust for high-quality equipment, innovative solutions, reliable service and long-term value creation across the potato processing industry.”
Lennaert van Dijk and Erwin Tummers respectively CEO and Owner of Tummers group, said:
“We are proud that Tummers and Van der Giessen are joining Kiremko, Idaho Steel and Reyco under the same group. Tummers has always been built on engineering expertise, customer commitment and practical innovation, and Van der Giessen brings valuable installation and on-site service capabilities that customers rely on. This combination creates exciting opportunities for our people and our customers, while preserving the values, relationships and technical strengths that have made our businesses successful.”
The enlarged group will continue to invest and build on the heritage of each company. Kiremko, Idaho Steel, Reyco, Tummers and Van der Giessen will remain valued specialist brands, carrying forward their technical expertise, customer relationships and strong reputations in the market, while continuing to create value for customers in their respective areas of expertise.
The Group will announce its new corporate name shortly. The new Group identity will support the group’s long-term growth and vision, while Kiremko, Idaho Steel, Reyco, Tummers and Van der Giessen continue to operate as trusted specialist brands.
Source: Kiremko
Image: Credit Kiremko
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