Premier Tech

Premier Tech

May 04, 2010 15:23 ET

Premier Tech Makes Another Acquisition in Europe

RIVIERE-DU-LOUP, QUEBEC--(Marketwire - May 4, 2010) - Premier Tech is pleased to announce that it has acquired all the intellectual properties of its competitor Forberg, a company specialized in insulation fibers whose corporate office is in Larvik, Norway.

The company thus strengthens its position as leader in the field of packaging equipment for the market of insulation products. This transaction allows Premier Tech's Industrial Equipment Group to increase its commercial offer through technologies well mastered by its European business units.

This acquisition, the sixth for Premier Tech in 16 months, is in line with the company's structured approach which is aimed at continuously improving its commercial positioning through partnerships and business integrations.

Corporate Profile

For over 85 years, Premier Tech has been building its know-how and reputation on the expertise and synergy of its three groups - Horticulture and Agriculture, Industrial Equipment and Environmental Technologies - divided in business units. They have the mission to become technological and commercial leaders in their respective industries. Driven by a multidisciplinary team of over 2 000 people located in the Americas, Europe and Asia, Premier Tech focuses on the development of its team members, on Innovation, and on the introduction of value-added products and services to support its long-term growth.

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