TNA has acquired Australian confectionery equipment supplier NID for an undisclosed sum, broadening its specialism in food processing and packaging systems.
Sydney-based NID ‘pioneered the development of starch moulding equipment’, TNA said, and has been supplying complete mogul lines for the confectionery industry for more than 60 years.
The acquisition forms part of TNA’s long-term strategic expansion plan, which will move the company one step closer to becoming a leading single-source supplier to the confectionery industry. It will also give it access to NID’s extensive portfolio of starch moulding technology.
TNA co-founder and CEO Alf Taylor said: “NID was the perfect fit for TNA. We share so many similarities. Both companies are family-owned businesses that started out with a passion for innovation, entrepreneurship and the determination to design equipment that could ‘do better’ and go that one step further than anything that’s been before.
“Just like our first prototype, the TNA Robag, NID’s first designs were groundbreaking at the time and not only challenged industry standards, but also played a key role in developing the confectionery industry. We’re very honoured that this great Australian success story has now become part of our own story and are thrilled to be able to welcome the entire NID team into the TNA Group.”
The deal was welcomed by executives of both companies, including CEOs Mark Mueller (front, left) and Alf Taylor (front, right).
Founded by entrepreneur Hans Arthur Faerber in Sydney in 1952, NID was the first company to patent the current form of tray stacking on a starch mogul line. Faerber’s innovations were capable of speeds that had been unprecedented in the industry up to that point and NID has since proven itself in starch moulding machinery and ancillary equipment, with more than 600 NID moguls installed around the world.
Its latest generation of high-speed M3000 Mogul machines is the result of more than six decades of innovation and development, and is capable of production speeds of up to 35 trays per minute.
NID chairman Esther Faerber said: “The integration of NID into the TNA family is excellent news for our customers around the world. TNA’s extensive resources, including its experienced sales and service team, multiple manufacturing sites and well-established global distribution network, will enable us to better service our existing customers by reducing lead times and accelerating time to market.
“It’s a great opportunity for both companies and I’m sure that our shared commitment to engineering excellence and continuous research and development will provide a fantastic basis for the production of market-leading designs that will continue to ‘break the mould’.”
And TNA chief business development office Bob Fritz added: “At TNA, our long-term goal is to deliver the ultimate in integrated food processing and packaging solutions. We’re already the only supplier on the market that is able to offer complete production lines for the French fry and potato chip industry and we’re planning to go much further. Expanding our services and products to more industry segments like confectionery forms a key element of our business strategy and NID was the obvious choice when it came to finding a company that would enable us to further grow our portfolio.
“All of NID’s equipment is based on the same concept of mechanical simplicity and accessibility as our own technology. This ensures food manufacturers benefit from the highest level of equipment reliability, ultimate ease of use and complete investment security. NID’s technology is a great addition to our own portfolio and we can’t wait to demonstrate these benefits to our customers and prospects.”
The acquisition will be effective from today and will see all of NID’s staff become integrated into the TNA group.
It follows the acquisition of inserting and labelling equipment supplier Unique Solutions in 2015.
© FoodBev Media Ltd 2017