HIROSHIMA, JAPAN — Satake Corp. announced the merger of two Australian subsidiaries: Denny’s Engineering and Welding Pty. (DEW) and Satake Australia Pty. (SAU).
The merger began on Jan. 1. DEW is now a Denny’s Silo division of SAU and continues designing and manufacturing of grain silos and grain handling equipment under the “Denny’s” brand.
DEW joined Satake Group in June, 2015, when SAU acquired 100% of its ownership. The acquisition provided a multi-faceted benefit to both companies, giving DEW access to a new global and expanded domestic sales network with focus on South East Asia and the Pacific region.
The deal gave Satake Group access to world class bulk handling and storage equipment, further enhancing its capabilities as the leading supplier of rice and grain handling solutions in the world.
“We spent a successful four years since the acquisition in integrating the technologies and culture of the two companies in order to bring ourselves into a higher level of expertise in what we specialize in, grain handling and processing, without sacrificing any of the elements that made both companies successful over several generations,” said Kenji Yamashita, president and chief executive officer of SAU.
With the Denny’s Silo division, SAU said it will now further enhance and push its business to all areas in the grain processing industry.
“Satake Australia will take full advantage of the synergies of Satake Group as a whole,” Yamashita said. “From grain processing equipment to grain handling and storage, we are providing total solutions to our existing and potential customers' business needs. We are very excited about this merger.”