tna Enters Confectionery Market by Acquiring NID

tna has announced the acquisition of Australian confectionery equipment supplier NID Pty Ltd (www.nid.com.au), supplier of complete lines for the confectionery industry for over 60 years. 

The acquisition provides tna with access to NID’s starch molding technology and is part of tna’s long-term strategic expansion plan to becoming a leading single source supplier to the confectionery industry, according to tna.

Alf Taylor, CEO and co-founder of tna, says: “We share so many similarities. Both companies are family-owned businesses that started out with a passion for innovation, entrepreneurship and the determination to design equipment that could “do better” and go that one step further than anything that’s been before. Just like our first prototype the tnarobag®, NID’s first designs were groundbreaking at the time and not only challenged industry standards, but also played a key role in developing the confectionery industry. We’re very honored that this great Australian success story has now become part of our own story and are thrilled to be able to welcome the entire NID team into the tna group.”

The acquisition is effective from March, 1, 2017 and will see all of NID’s staff become integrated into the tna group. It follows the acquisition of inserting and labeling equipment supplier Unique Solutions and food processing specialist Florigo in 2015.