Alfa Laval Acquires Minority Stake in Biodiesel Company
Alfa Laval has acquired about 45 percent of the Swedish company Ageratec, a company that develops process solutions for the biodiesel industry. Ageratec’s estimated sales 2008 are approximately $13 million (SEK 80 million).
“Non-food based feedstock plays an increasingly important role in the production of biodiesel and the reuse of vegetable cooking oil is one very good example of this development. This is today also driving Ageratec’s business”, says Lars Renström, president and CEO of the Alfa Laval Group. “By acquiring a minority stake in Ageratec, we will be in the frontline of the process development for the biodiesel industry.”
Alfa Laval, which is headquartered in Lund, Sweden, manufactures heat transfer, centrifugal separation and fluid handling technologies. Ageratec is located in Norrköping, Sweden.