SHREVEPORT, La.--(BUSINESS WIRE)--Synergy Technologies Inc. (STI), the leading privately held provider of processing aids and anti-microbial solutions to the food processing industry, announced today that it has completed its acquisition of SteriFx Inc., a premier firm concentrating in providing anti-microbial protection to the poultry and turkey processing industries.
"The completion of this acquisition represents a significant step for Synergy Technologies Inc., in our strategy to accelerate growth in our core business," said Randy Allen, President of Synergy Technologies Inc. "Today, we significantly increased the depth and breadth of our company in the food processing market. As a result of this acquisition, we also now have a greater presence in the U.S. and International markets where we see significant opportunities for growth, as well as greater coverage in several key areas."
Jason York, Executive Vice President, continued: "We are now squarely focused on quickly seizing the attractive opportunities this transaction has created for us to increase top-line growth, as well as achieving significant cost synergies in general and administrative expenses. With the SteriFx acquisition now complete, Synergy Technologies is a stronger, more broadly based company than ever before, with increased capacity to reach new customers and the ability to provide current customers with enhanced products and services. We are looking forward to delivering on the promise of this acquisition and to building more value propositions to the food processing industry."
About Synergy Technologies Inc.:
Synergy Technologies Inc. is the leading privately held provider of processing aids and anti-microbial solutions to the food processing industry. The Company focuses on delivering objective, in-depth solutions to major food processing companies with a revolutionary line of processing aids and anti-microbial products that can be used to provide safe, non-toxic and economical solutions to fight harmful food borne pathogens.