June 1, 2013
Industrials and Industrial Technology
Alexander Grünwald, Thierry de Sépibus, Thomas Eulau
GCA Altium acted as exclusive financial adviser to Cross on its acquisition of Bühler Thermal Processes AG from Bühler AG.
Bühler Thermal Processes AG (“BPAG”) is a division of Bühler Group AG focussing on engineering and construction of multifunctional large-scale plants. The company is the world market leader in post-condensation technology for PET, mainly used in food packaging and technical yarn. It designs and manufactures plants and equipment for the heat treatment of a variety of polymers, which are mainly used for the processing of PET.
The company’s product range also includes plants for recycling used PET into materials for direct food contact. The prospect of long-term rising demand for PET offers attractive growth potential of 7% p.a. over the years ahead.