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FLSmidth (CPH:FLS) FLSmidth, CEntry Constructors & Engineers, Inc., and The Layton Companies, Inc. have entered into an Asset Purchase Agreement for the sale, effective 1 October 2008, of the engineering assets of CEntry to FLSmidth. CEntry is a leading designer of grass roots industrial plants, expansions, upgrades and specialized maintenance packages for the mining and industrial sectors.
With a staff of qualified engineers and technicians, CEntry's expertise can now be combined with the offering of FLSmidth's proprietary technologies to provide further integrated solutions for many types of production in the minerals processing industry. This enhancement will provide the market an option to procure complete proprietary solutions supported by the required multi-discipline engineering skills, thus reducing the lead time for project implementation.
"The acquisition of CEntry will enable FLSmidth to continue to strengthen its global growth strategy within the minerals industry. The technical resources from CEntry will support nearly every flow sheet where FLSmidth Minerals has proprietary technologies and when coupled with the global foot print of FLSmidth Minerals, will provide the industry an option for project implementation," Group CEO Jørgen Huno Rasmussen comments.
Utah-based CEntry was originally formed as Ford, Bacon & Davis Engineering Company in 1972 to serve the mining and industrial sectors. Subsequently, CEntry was organised and has operated under the ownership of The Layton Companies, Inc. since 1995.
The company will in the future trade under the name of FLSmidth CEntry.
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Please address any questions regarding this announcement to Group Chief Executive Officer Jørgen Huno Rasmussen, FLSmidth & Co. A/S at +45 36 18 18 00.
For further information about FLSmidth, please visit www.flsmidth.com.
