Västerås, Sweden and Franklin, Tenn., USA (PRWEB) October 17, 2012
Jan Söderström, having joined the Company in July 2012 as President of the Avure Technologies Industrial Division, has been promoted to President and CEO of Avure Technologies, LLC.
In this new role, Söderström, an expert in restructuring and driving the growth of international businesses, assumes responsibility for both the Industrial and Food business units. He has also been appointed to the Avure Technologies Board of Directors.
Avure is the global leader in contained ultra high pressure, the enabling technology behind some of the world’s most critical materials and products, from aircraft parts to pathogen-free foods. Over the past five years, the company has seen an ongoing surge in demand for its high pressure presses. Last year, the privately held company reported the best annual performance in its 58-year history, moving into 2012 with record bookings in both the Industrial and Food divisions.
“Avure’s strong performance has been a very bright spot against the backdrop of worldwide economic uncertainty, and the potential of the global market remains huge,” Söderström commented. “I look forward to reinforcing Avure’s position of thought leadership and taking the company to the next level of growth.”
“Jan has spent more than three decades in the international industrial arena, experience that will help leverage the many opportunities for contained ultra high pressure,” said Mike Kirkman, Chairman of the Avure Technologies, LLC Board of Directors. “His impressive track record in leadership development and bottom line results will serve us well as we continue to develop high-value products and further enhance our solutions-oriented customer strategy.
Prior to joining Avure in July 2012, Söderström was Managing Director for BAE Systems Global Combat Systems, Vehicles. He previously held a number of general management positions, primarily with the industrial corporation ABB. He will be based in the Industrial Group headquarters in Västerås, Sweden.
ABOUT AVURE TECHNOLOGIES
An innovator with a strong record of accomplishment, Avure Technologies demonstrates its expertise in high pressure by occupying leadership positions in industrial and food applications. The company is the largest provider of contained ultra high pressure systems utilized to process advanced materials, form sheet metal, and pasteurize foods without heat or chemicals. It offers total solutions to keep food pathogen-free and fresh longer–from recipe development to installation of the fastest, most reliable high pressure presses in the world.
Avure’s Industrial Division houses engineering, manufacturing, and services in Västerås, Sweden, with additional facilities in Columbus, Ohio, USA. The Food Division in Franklin, Tennessee, includes engineering, supply chain, service, parts, and, soon, manufacturing, in addition to the company’s world-class food lab. For more information, visit http://www.avure.com.
Avure’s investment partner is Milestone Partners (http://www.milestonepartners.com), a private equity firm that partners with management to invest in leveraged buyouts and recapitalizations of lower middle market businesses.
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