Controlling interest for Baader.The German based supplier of food processing Food processing is the set of methods and techniques used to transform raw ingredients into food for consumption by humans or animals. The food processing industry utilises these processes. technology, the Baader Group, has acquired a controlling interest controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail in the Danish manufacturer of poultry poultry, domesticated fowl kept primarily for meat and eggs; including birds of the order Galliformes, e.g., the chicken, turkey, guinea fowl, pheasant, quail, and peacock; and natatorial (swimming) birds, e.g., the duck and goose. processing equipment, LINCO Food Systems. Together, the two concerns constitute one of the strongest businesses in the global market for food processing equipment. Baader's successful acquisition of the American manufacturer of poultry processing machinery, Johnson Food Equipment, took place some 10 years ago. Now, one of the world's leading names in this highly specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. field of poultry processing systems, LINCO Food Systems, becomes a member of the Baader Group. In recent years, LINCO has focused intensively on developing highly advanced, electronically controlled weighing, batching, and packaging machinery to acquire a leading position in the world market in this field. Mrs. Petra Baader, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of the Baader Group is delighted with the latest acquisition. She says: "We are all very excited by the possibilities created by joining the strengths of Baader and LINCO Food Systems, bringing a new and dynamic force to international food processing technology. Baader and LINCO complement each other perfectly in terms of global market presence, processing technology, development expertise, and customer support." Mr. Morten Lindholst, CEO of LINCO Food System A/S, says: "Baader is a leader in advanced food processing equipment globally with a strong commitment to product development and customer support. Baader-Johnson is a very strong player in the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. market for poultry processing equipment. When their forces are joined with those of LINCO Food Systems, the group will become a global leader in this market worldwide". The poultry sales organizations in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Baader-Johnson Inc. and LINCO Food Systems Inc. will be merged into one business unit. In the rest of the world, the poultry activities of Baader and LINCO will primarily operate through LINCO Food Systems' network of sales offices, agents and distributors, covering all major markets in the world. Contact Baader on tel +49 451 53020 or visit www.baader.com |
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