Sydney — Expanding its portfolio with fryers and cookers for confectionery and snack manufacturers, TNA Australia Pty Ltd. has acquired FOODesign Machinery & Systems, Inc.
TNA Managing Director Michael Green says the deal underlines the company’s commitment to offering flexible turnkey solutions, noting the combined firms will add value to its entire line and achieve gains through economies of scale.
“With FOODesign providing equipment to many of the top 100 food processing companies in the world, the acquisition gives TNA access to all the necessary skills, networks, market knowledge and relationships to provide customers with a new choice in processing equipment — from fryers and feed systems through packaging and controls,” he adds.
The acquisition went into effect today, May 1, and FOODesign will retain its brand, TNA reports.
Joseph Mistretta, president of FOODesign, says: “Our acquisition by TNA instantly opens up a wealth of opportunities, giving us access to a global and extensive sales network, and maximizing our ability to service our international customer base more effectively.”
CAPTION: (left to right) Joseph Mistretta, president of FOODesign Machinery & Systems, Inc., and TNA Australia Pty Ltd. CEO Alf Taylor shake on the deal that will make FOODesign part of the Australian firm.