TOMRA Acquires Sorting Machine Manufacturer Compac

TOMRA Systems ASA has signed an agreement with the owners of Compac Holding Ltd (Compac) for 100% of the shares in the company, closing of the transaction being expected to take place during the first quarter of 2017.

Compac is a New Zealand-based provider of post-harvest solutions and services to the global fresh produce industry. The company designs, manufactures, sells and services pack house automation systems that sort fresh produce based on weight, size, shape, color, surface blemishes and internal quality.

Stefan Ranstrand, TOMRA’s president and CEO, says: “The food market is large and continuously growing with requirements around food safety and quality becoming increasingly more stringent. Food producers are also consolidating, becoming larger, more sophisticated and more global. As a leading technology supplier into this industry we see clear advantages in mirroring this trend. With the acquisition of Compac, we reinforce TOMRA’s leading position within the food segment and we will be the first player to present an offering to our customers for sorting fresh and processed foods with both lane and bulk sorters”.

Established in 1984, today Compac employs approximately 700 people across locations in New Zealand, Australia, US, China, Latin America, South Africa, Spain and Italy.