tna acquires Australian starch molding specialist NID
tna has announced the acquisition of Australian confectionery equipment supplier NID Pty Ltd (www.nid.com.au). Renowned across the food industry as a pioneer in the development of starch moulding equipment, NID has been supplying complete mogul lines for the confectionery industry for over 60 years. The acquisition provides tna with access to NID’s starch moulding technology and forms part of tna’s long-term strategic expansion plan, which will move the company one step closer to becoming a leading single source supplier to the confectionery industry.
“NID was the perfect fit for tna,” comments Alf Taylor, CEO and co-founder of tna. “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 tna robag, 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."