The company serves the food and beverage market in China with its sanitary product portfolio, including pumps, valves and fittings.Si Fang had sales of about SEK150 million in 2009 and has 300 employees.
“I’m very satisfied that we were able to acquire Si Fang, it fits our strategy to capture structural growth opportunities, ie structural changes in demand,” said Lars Renström, Alfa Laval Group president and CEO. “We will drive profitable growth by adding an independent channel to the expanding food and beverage market in China. Si Fang will continue to offer its own product range, under its own brand and through its own sales network.”
Si Fang will be consolidated into the Alfa Laval Group from 1 April 2010.