Customer Announcement - GEA Acquisition
York, PA (11/18/05) – In the last
several years GEA FlatPlate has enjoyed above average
growth and prosperity as a privately held company.
Looking toward the future, we have taken a major
step that greatly enhances the product and service
we bring to our customers, and propels GEA FlatPlate’s
role in the U.S. and global market place.
As of November 17, GEA FlatPlate has joined GEA Group
as an independent subsidiary. GEA, which stands
for “Global Engineering Alliance”, has acquired
GEA FlatPlate as part of a global strategy in the
Plate Heat Exchanger business. GEA is a $5B
publicly held company with business operations on
every continent, manufacturing a wide range of
industrial systems and components. Combined with
GEA FlatPlate, the GEA Brazed Plate Heat Exchanger
Group is now the largest supplier of brazed plate
heat exchangers in the U.S. and a leading
manufacturer worldwide.
For GEA FlatPlate, there are a few things you should
know:
There are no planned changes for GEA FlatPlate
employees, reps and distributors. Key operating
management stays intact, long-term. Charles
Schmidt, CEO will retire at year end and Steven
Wand, President and founder will take over
responsibilities as CEO in January.
- Investment in New Products will accelerate.
GEA FlatPlate is transferring components and
technology from GEA Europe for manufacture in
York, Pennsylvania. This includes a larger 15x34
model and other models.
- Expansion of GEA FlatPlate proprietary technologies
to other GEA Group business units worldwide will
allow more customers to benefit from U.S.
technologies.
- U.S. and Global customers will benefit from
GEA FlatPlate and GEA’s combined presence in the U.S.,
Europe, Asia and Latin America.
- Planned expansion of GEA FlatPlate production
capacity continues.
In summary, as a new member of GEA Group,
GEA FlatPlate will leverage more resources than ever
to its customers, suppliers and to GEA FlatPlate
employees who, everyday, strive to be the best
supplier in the industry.
GEA FlatPlate
100 GEA Drive
York, PA 17402
717-268-6200 |
