Investindustrial to acquire Kiremko Group, Idaho Steel Products, and Reyko Systems

Investindustrial, a private equity firm that invests in industrial manufacturing, consumer services, retail, leisure and business services sectors, to acquire Kiremko Group, a Dutch engineering company focused on potato processing manufacturing, Idaho Steel Products, a company producing industrial potato processing equipment, and Reyko Systems, a company providing oil and moisture recovery, along with food and waste conveying. Financial terms were not disclosed. Through its intended investment in the Group and in partnership with the Group’s management, Investindustrial aims to further integrate the Group and build a leading global food processing equipment platform positioned for continued global growth, both through organic and acquisitive expansion in its existing markets and extension into adjacent food processing equipment categories. With over a century of combined experience, a reputation for innovation and quality and a broad international footprint, the Group is exceptionally well positioned to serve as the ideal foundation for this ambitious growth strategy.