PRESS RELEASE : TANIS Confectionery takes over FASTTRACK activities
Tanis Confectionery is delighted to announce that today it has signed a joint venture agreement with JH Tester Industrial Automation located in Australia. Tanis acquires a majority position in the company that took over the Fast Track activities in September 2017. Tanis started the extension of its activities in the Asia-Pacific region in 2015 by founding Tanis Confectionery Australia, a company which is responsible for a substantial part of the pump production for Tanis. With the acquisition of the Fast Track activities Tanis expands its production of moguls, sugar sanders, starch systems, dust collectors and starch storages.
Leo Tanis is excited about the acquisition: “This was a once in a lifetime opportunity for us. This acquisition opens the door wide to new Asian and South Pacific clients, where as we are simultaneously improving our service to our existing clients in the region.”
Murray Tester, who will be responsible for heading the newly formed Joint Venture is equally as excited: “In September last year we saw the opportunity to grab Fast Track and we didn’t think twice, and now with this Joint Venture with a world leading company like Tanis Confectionery, we will no doubt be able to grow the companies to heights that were not previously possible”.