Satake Corporation has announced a merger of two of its subsidiaries in Australia, Denny's Engineering and Welding Pty. Ltd. (DEW) and Satake Australia Pty. Ltd. (SAU). The merger began on January 1st, 2019.
DEW is now a Denny's Silo division of SAU and continues designing and manufacturing of grain silos and grain handling equipment under 'Denny's' brand.
DEW joined Satake Group in June, 2015, when SAU acquired 100 percent of its ownership. The acquisition provided a multi-faceted benefit to both companies, providing DEW access to a new global and expanded domestic sales network with focus on South East Asia and the Pacific Region. The deal provided Satake Group an access to world class bulk handling and storage equipment, further enhancing their capabilities as the leading supplier of rice and grain handling solutions in the world.
Kenji Yamashita, President and CEO of Satake Australia commented, "we have spent a successful four years since the acquisition, integrating technologies and the culture of the two companies in order to bring ourselves into higher level of expertise in our specialty areas; grain handling and processing, without sacrificing any of the elements that made both companies successful over several generations."
Mr Yamashita continued, "the time is ripe, with powerful reinforcement of the Denny's Silo division, SAU will now further enhance and push its business to all area in the grain processing industry. Satake Australia will take full advantage of the synergies of Satake Group as a whole. From grain processing equipment to grain handling and storage, providing total solutions to our existing and potential customers' business needs. We are very excited about this merger."
For more information visit the Satake Group website, HERE.
DEW is now a Denny's Silo division of SAU and continues designing and manufacturing of grain silos and grain handling equipment under 'Denny's' brand.
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| Kenji Yamashita, President & CEO, Satake Australia Pty. Ltd. Image credit: Satake Group |
DEW joined Satake Group in June, 2015, when SAU acquired 100 percent of its ownership. The acquisition provided a multi-faceted benefit to both companies, providing DEW access to a new global and expanded domestic sales network with focus on South East Asia and the Pacific Region. The deal provided Satake Group an access to world class bulk handling and storage equipment, further enhancing their capabilities as the leading supplier of rice and grain handling solutions in the world.
Kenji Yamashita, President and CEO of Satake Australia commented, "we have spent a successful four years since the acquisition, integrating technologies and the culture of the two companies in order to bring ourselves into higher level of expertise in our specialty areas; grain handling and processing, without sacrificing any of the elements that made both companies successful over several generations."
Mr Yamashita continued, "the time is ripe, with powerful reinforcement of the Denny's Silo division, SAU will now further enhance and push its business to all area in the grain processing industry. Satake Australia will take full advantage of the synergies of Satake Group as a whole. From grain processing equipment to grain handling and storage, providing total solutions to our existing and potential customers' business needs. We are very excited about this merger."
For more information visit the Satake Group website, HERE.
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