KISTA, Sweden — Munters AB announced it has signed a definitive agreement to acquire HB Group, an international company that specializes in customized hygienic climate control systems for the food/dairy industries. HB Group is headquartered in Almelo, the Netherlands, with a joint venture in Hrusky, Czech Republic.
Munters is a supplier of energy-efficient air treatment solutions. Its engineers provide solutions for customers in a wide range of industries, with the largest being the food, pharmaceutical, and data center sectors. Munters said the acquisition combines the strengths of Munters and HB Group by leveraging Munters’ large sales channel, software tools, service reach, and operational excellence and HB Group’s application knowledge, product offering, and customer base. By offering a broader range of products and services, Munters will be better positioned to meet all the air treatment needs of its customers.
“HB Group’s seasoned management team has done a fantastic job of building a solid and successful operation that provides quality products for demanding applications,” said Scott Haynes, Munters president, Business Area Air Treatment. “Munters and HB share a strong focus on critical industrial applications. Munters will be able to expand its successful systems product portfolio to include HB Group’s world class stainless steel hygienic systems, while HB Group’s customers will benefit from the vertical integration of Munters’ innovative energy efficient technologies. This, combined with expanding our European manufacturing and service footprint, will allow us to better serve the industry. We look forward to bringing together the two companies to meet the demands of the marketplace and grow closer to our customers.”
“We are very happy to join the global team and reach of Munters,” said Eric Bonvanie, previous owner and managing director of HB Group. “Munters’ global service network will provide more local access for all our service needs and bring enormous additional potential for our solutions offering. Our existing customers will be pleased to hear that HB Group, as part of Munters, will be able to support them whenever and wherever they need. In addition, Munters will be able to offer new and further career opportunities for our employees.”
Bonvanie, who in 1984 assumed responsibility for the family business from his father, added, “I believe our strong family culture will find a new home in Munters, sharing a long history of service and customer orientation. I really look forward to jointly achieving the best for our employees, our partners, and, of course, our customers.”
For more information about HB Group, visit www.hbgroup.nl/en.
For more information about Munters, visit www.munters.com.
Publication date: 7/13/2015