BANGKOK, THAILAND — Satake Australia Pty Ltd., a 100% subsidiary of Satake Corp., Hiroshima, Japan, has purchased silo and bulk handling supplier Dennys Silo and Engineering, with the deal finalized at a signing ceremony in Bangkok, Thailand on June 15.

The acquisition of Dennys, Allora, Queensland, Australia, provides a multi-faceted benefit to both organizations. It gives Dennys access to a new global and expanded domestic sales network with particular focus on Southeast Asia and the Pacific Region. The deal provides Satake access to bulk handling and storage equipment, further enhancing its capabilities as a leading Asian supplier of rice and grain handling solutions in the world.

Dennys will continue to operate normally with a strong focus from both sides that the nature of the existing business is to be preserved, retaining the elements that made Dennys a successful business over several generations.

All staff was retained in the change of ownership process. Satake Australia will enhance its sales portfolio through its existing network of sales staff and agents, with existing presence in Queensland, New South Wales, Victoria, Tasmania and New Zealand. International sales will be coordinated through Thailand and Japan.

Satake Corp. is a global leader in the rice, wheat and maize milling industries with over 2,500 employees and a presence in all major agricultural regions in the world.