Spanish Silo and Storage Firm Bought by PETKUS

September 6, 2016

1 Min Read
Spanish Silo and Storage Firm Bought by PETKUS
Wheat growing in a field. Image courtesy of USDA NRCS Florida.

Simeza Silos Metalicos Zaragova S.L., a Spanish firm that designs, manufactures, and assembles silos and storage solutions for grain, flour and industrial applications has been acquired by German company PETKUS Engineering GmbH on September 5, a article reported Tuesday. The terms of the buyout were not revealed.

“Overall, adding Simeza enhances the PETKUS Engineering GmbH portfolio and is sure to strengthen its market position,” said PETKUS’ head of knowledge management, Heike Knoerzer, in the article.

World-Grain notes that Simeza is considered “one of the pioneers in silo design” and the company has significant assets in specialized personnel, technology, and advanced manufacturing facilities.

The acquisition by PETKUS Engineering will enable Simeza to incorporate a new silo design “to enhance the engineering and turnkey projects” of PETKUS, the article said. The Spanish company will continue to serve its existing customers and markets in the EMEA region and Central and South America.

PETKUS operates in 23 countries and. over the past four decades, the company has installed over 300,000 cleaning machines and more than 2000 complete seed lines, the article said.

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