Tanis Confectionery 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, the company expands its production of moguls, starch systems, dust collectors and starch storages.
Leo Tanis, founder and CEO of Tanis Confectionery, 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, whereas 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 2017, we saw the opportunity to grab Fast Track and we didn’t think twice.”