The Flow Technology segment of SPX Corp., Charlotte, has agreed to acquire Gerstenberg Schröder A/S, a manufacturer, installer and servicer of processing systems and components serving the global food industry. SPX anticipates financing the transaction with cash on hand.

Privately-held Gerstenberg Schröder had annual 2008 revenues of approximately $65 million. The company supplies processing lines for the manufacture of crystallized fat products such as margarine, butter, spreads and shortening, as well as emulsified food products such as mayonnaise, sauces and dressings. The company’s installations, which include scraped-surface heat exchangers, continuous butter-processing lines, emulsification equipment and in-line mixing equipment, can be found in 120 countries. Headquartered in Denmark, Gerstenberg Schroder dates back to the early 1900s.

According to Don Canterna, president of SPX Flow Technology, "more and more food manufacturers are seeking food processing systems that can optimize the production quality, efficiency, reliability and scale of their operations."