Avon Rubber is pleased to announce that is has signed an agreement to sell milkrite | InterPuls to DeLaval.
The transaction is expected to close within the next 3-6 months following customary closing conditions and regulatory approvals.
Commenting on the acquisition, Paul McDonald, Chief Executive Officer of Avon Rubber said:
“milkrite | InterPuls has been an important part of Avon Rubber over many years. However, the Board believes that now is the right time to allow the business to grow and flourish under new ownership. We wish the whole milkrite | InterPuls team the very best for the future.”
Joakim Rosengren, President and CEO of DeLaval International also said:
“We are proud to welcome milkrite | InterPuls to the DeLaval Group. milkrite | InterPuls is a very successful company which we have long admired, with a strong brand portfolio that is acknowledged by dairy farmers across the world.
milkrite | InterPuls will continue with their long term strategy and operate as an independent company, with the same management, organisational set up, brands and channel to market. milkrite | InterPuls will not be integrated in the DeLaval organisation although Craig Sage, Managing Director of milkrite | InterPuls, will report directly to me.”
DeLaval’s vision is to make sustainable food production possible. As a company built on innovation, DeLaval constantly works to find ways of helping its customers, dairy farmers, do more with less by providing world-leading milking equipment and solutions.
Today, DeLaval has approximately 4,500 passionate professionals operating in more than 100 markets around the world. DeLaval is part of the Tetra Laval Group.
For more information please contact:
Head of Global Marketing
Date: 02 July 2020