Acquisition reunifies Wolverine Proctor
May 31, 2007
by Jeff Gelski
WATERLOO, IOWA — CPM has acquired Wolverine Proctor & Schwartz LTD, Glasgow, Scotland. Wolverine Proctor & Schwartz will be combined with CPM’s Wolverine Proctor, based in the United States and acquired by CPM in July of 2006.
Operating again as one company, Wolverine Proctor will be a worldwide equipment leader in thermal process applications, including baking, drying, roasting, toasting, flaking and shredding, for the food, chemical, tobacco and textile industries.
"This acquisition concludes the reunification of the U.K.- and U.S.-based operations of Wolverine Proctor to achieve new levels of global market coverage," said Ted Waitman, president of CPM.