A cement company with a longtime presence in the Lehigh Valley has been renamed with a familiar moniker.<\/p>\n
With the recent completion of FLSmidth Cement\u2019s sale to Pacific Avenue Capital Partners, the company will be known as Fuller Technologies. The Fuller Co. operated for decades in the Lehigh Valley before it was acquired by FLSmidth in 1990.<\/p>\n
FLSmidth announced in June that it was selling its cement business<\/a> to Pacific Avenue, a Los Angeles private equity firm, for about $175 million.<\/p>\n Dennis Cassidy will serve as CEO of the company. He has three decades of experience in industrial leadership.<\/p>\n \u201cThis is an exciting moment for our company,\u201d Cassidy said. \u201cAs Fuller Technologies, we are embracing our legacy while charting a bold path forward as an independent leader in cement production solutions. In partnership with Pacific Avenue, we are energized to deepen our customer relationships, accelerate innovation, and expand our solution offerings. Our commitment to delivering high-performance, sustainable technologies remains unwavering, and we look forward to shaping the future of the industry together with our customers.\u201d<\/p>\n Fuller will continue providing after-market parts and services for the cement production industry as well as new and replacement equipment for cement plants worldwide. The company has manufacturing locations in North America, Europe and Asia, and its global installed base spans over 1,400 of the world\u2019s approximately 2,700 cement plants.<\/p>\n Its North American headquarters is in Hanover Township, Lehigh County, and it has a 122,000-square-foot plant in Allen Township that opened in the spring<\/a>. That facility off Howertown Road manufactures and assembles cement pneumatic transport equipment and serves as a distribution warehouse for replacement parts shipped domestically and worldwide. It employs more than 60 workers.<\/p>\n \u201cWe are proud to welcome Fuller Technologies into our portfolio,\u201d said Chris Sznewajs, founder and managing partner of Pacific Avenue. \u201cThis transaction highlights Pacific Avenue\u2019s expertise in executing complex, cross-border carve-outs and supporting global businesses in achieving sustainable, long-term growth.<\/p>\n \u201cWe take pride in being the go-to solution provider for sellers seeking a seamless transition and a strong foundation for their businesses to thrive as independent companies. Under the Fuller name, the team is well-positioned to build on its rich legacy, expand its global reach, and continue delivering the innovative, mission-critical solutions that cement producers around the world rely on,\u201d he said.<\/p>\n