Activist Investor Gains Seat on GEA's Board; Shares Attractive
We welcome the news that GBL, an activist investor with a 7% holding in wide-moat GEA Group, has gained a seat on the company's board as it should support restructuring efforts from the new management team. GBL representative Colin Hall is stepping in for Werner Bauer, who resigned from the board before the end of his term. Hall will stand for election to a permanent seat next year in April. Based on our research, we believe the other activist shareholder, Elliott Management, is familiar with GE...GEA Group focuses on the development and production of process technology and components for production methods. Co. segments include: GEA Food Solutions, which manufactures machinery for preparing, marinating, processing, cutting, and packaging meat, poultry, and other foods; GEA Farm Technologies, which manufacturers product solutions for milk production and livestock farming; GEA Mechanical Equipment, which concentrates in separators, decanters, valves, pumps, and homogenizers; GEA Process Engineering, which designs and develops of process solutions for the pharmaceutical, and chemical industries; and GEA Refrigeration Technologies, which concentrates in refrigeration technology.
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