tna, a global packaging company, has acquired Australian starch moulding equipment and confectionery equipment supplier NID.

Financial details of the transaction have not been disclosed by either company.

The company explained that the acquisition is part of its long-term strategic expansion plan and will also allow tna to access NID’s starch moulding technology.

It further added that this decision will move the company one step closer to become a leading single source supplier to the confectionery industry.

tna CEO and co-founder Alf Taylor said: “NID was the perfect fit for 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 ground breaking at the time and not only challenged industry standards, but also played a key role in developing the confectionery industry.

“We’re very honoured 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.”

Founded by entrepreneur and innovator Hans Arthur Faerber in 1952, NID has been supplying complete mogul lines for the confectionery industry, for nearly six decades.

NID chairman Esther Faerber said: “The integration of NID into the tna family is excellent news for our customers around the world.

"The acquisition will be effective from 1 March this year and will see all of NID’s staff integrated into the tna group."

“tna’s extensive resources, including its experienced sales and service team, multiple manufacturing sites and well-established global distribution network will enable us to better service our existing customers by reducing lead times and accelerating time to market.

“It’s a great opportunity for both companies and I’m sure that our shared commitment to engineering excellence and continuous research and development will provide a fantastic basis for the production of market-leading designs that will continue to ‘break the mould’.”

The acquisition will be effective from 1 March this year and will see all of NID’s staff integrated into the tna group.