Duravant Expands Reach with Acquisition of POSS Design Limited
Deal News | Jan 13, 2025 | Reed Smith
Reed Smith, a global law firm, has successfully advised Duravant LLC, a prominent provider of engineered equipment and automation solutions, on their strategic acquisition of POSS Design Limited, a leader in meat processing machinery manufacturing. Headquartered in Chicago, Duravant seeks to expand its reach into the food processing, packaging, and material handling sectors. POSS Design, based in the Greater Toronto Area, Ontario, Canada, is known for their specialized equipment catering to meat processors. This acquisition reflects Duravant's commitment to expanding its market presence in the food processing equipment industry, further establishing its global footprint.
Sectors
- Engineering and Manufacturing
- Food Processing and Packaging
- Legal Advisory
Geography
- United States – Duravant LLC is headquartered in Chicago, which links the acquisition to the US geography.
- Canada – POSS Design Limited is based in the Greater Toronto Area, Ontario, making Canada a key location in this acquisition.
Industry
- Engineering and Manufacturing – This industry is represented by Duravant, which provides engineered equipment and automation solutions.
- Food Processing and Packaging – POSS Design Limited operates in this industry, focusing on machinery for meat processing, which is relevant to the article.
- Legal Advisory – Reed Smith is involved in this industry as the law firm advising on the acquisition.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Duravant LLC | Acquiring Company | Company | A global provider of engineered equipment and automation solutions. |
| POSS Design Limited | Target Company | Company | A leading specialized manufacturer of meat processing machinery. |
| Reed Smith | Legal Advisor | Company | A global law firm advising on the acquisition. |