Compac, the New Zealand Sorting Machine Manufacturer, was acquired by TOMRA

TOMRA Systems ASA, has signed an agreement with the owners of Compac Holding Ltd (Compac) for 100 per cent of the shares in the company. Closing of the transaction is expected to take place during the first quarter of 2017.

Compac is a New Zealand-based provider of post-harvest solutions and services to the global fresh produce industry. The company designs, manufactures, sells and services packhouse automation systems that sort fresh produce based on weight, size, shape, colour, surface blemishes and internal quality.

“Market forces have driven double digit growth at Compac over recent years, and we have rapidly become a global business from humble New Zealand roots. Joining forces with TOMRA will enable us to continue to meet the increasing demands for our products and services in a more scalable and operationally efficient manner,” says Compac CEO Mike Riley.

 “Compac serves complimentary food sorting markets, which is a very welcome addition to the TOMRA Sorting food business”, says Executive Vice President and Head of TOMRA Sorting Volker Rehrmann. “We see our customers’ needs evolving and with our complementary solutions and an increased ability to leverage our combined food sorting technologies, we are ready to meet future customer needs.” 

Compac and TOMRA share common values of customer satisfaction and lasting partnerships. Under the new umbrella, customers will benefit from the shared focus of both companies on food safety, food quality, improved yield and productivity.

“I am very proud of the team at Compac and the reputation we have built for innovation and technology. TOMRA is the world leader in sorting technology with proven performance and a great culture; I am very excited at the opportunity that this will provide Compac to continue to grow and become the undisputed leader in our sector,” commented Hamish Kennedy, Compac Founder and majority shareholder.

For contact:

Mike Riley – CEO, Compac

+64 21 751 539, mike.riley@compacsort.com

Perry Sansom – VP Marketing, Compac

+64 21 404 040, perry.sansom@compacsort.com