CPM has announced its acquisition of Jacobs Global, a supplier of aftermarket parts for hammermills and pellet mills. This strategic move is set to bolster CPM's product portfolio, extend its market presence, and increase its capacity to serve a growing global customer base.
The acquisition brings together two industry leaders with a shared mission to sustainably feed, fuel, and build a better world. David Webster, CEO of CPM, emphasized the significance of this transaction, stating, "Bringing Jacobs Global into the CPM family is a significant milestone for us. Their strong team members and their expertise in manufacturing high-quality aftermarket parts together with their commitment to customer service perfectly complements our business model."
Founded in 1934, Jacobs Global has built a reputation for excellence and reliability, serving over 4,000 mills across more than 80 countries. The company's extensive range of products, including hammermill hammers and screens, pellet mill dies, and roller shells, will be integrated into CPM's existing offerings. This integration is expected to provide customers with a comprehensive portfolio of solutions for animal feed, oilseed, and biomass processing operations.
The merger is anticipated to drive significant advancements in product performance and customer satisfaction by leveraging the combined strengths of both companies. As the milling industry continues to evolve, this acquisition positions CPM to better meet the changing needs of its global clientele and reinforce its commitment to innovation and customer service.
