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Woodbridge International Closes Sale of TSA Griddle Systems to CPM

NEW HAVEN, Conn., June 09, 2016 (GLOBE NEWSWIRE) -- Woodbridge International, a global mergers and acquisitions firm, is pleased to announce the sale of its client TSA Griddle Systems (TSA) to CPM Acquisition Corp. (CPM).

Based in Carrollton, Texas, TSA Griddle Systems designs and manufactures high-output griddle machinery for large industrial users including some of the world’s premier food companies. CPM, headquartered in Waterloo, Iowa, is a leading supplier of process equipment and systems to the oilseed, animal feed, bioenergy, food and engineered materials industries.

In CPM’s announcement of the transaction, TSA president Kevin Forrest said “The sale allows TSA to leverage CPM resources for growth, including sales in international markets, broaden order fulfillment capabilities and to align resources with Wolverine Proctor.”

Headquartered in New Haven, CT, Woodbridge International, a global M&A firm, was founded in 1993 and has 11 offices in the U.S. and 22 offices abroad.

Contact: Don Krier, Managing Director Phone: (203) 389-8400 Ext. 201

Source:Woodbridge International