Frontmatec to acquire Asuan.

Frontmatec, a manufacturer of automatic solutions for lamb, beef and pork meat processing, agreed to acquire Asuan, a meat processing company. Financial terms are not disclosed. “Latin America is a strategically important market to us. It is home to some of the largest and most respected meat processors in the world, supplying the domestic and global markets. Companies which are key exporters of both beef and pork to the rest of the world. With Asuan joining forces with Frontmatec we will strengthen our position in the Latin American market significantly. By combing the advanced automation solutions of Frontmatec with the local production, excellent sales and service capabilities of Asuan for the benefit of the meat processors this is a win-win," Allan Kristensen, Frontmatec CEO.