Pacific Avenue affiliate completes acquisition of FLSmidth Cement

Pacific Avenue Capital Partners has completed the acquisition of FLSmidth (FLIDY) Cement, from FLSmidth & Co. With the completion of the transaction, FLSmidth Cement will operate under the new name Fuller Technologies, marking the beginning of its next chapter as an independent, technology-driven leader serving the global cement sector. Fuller is a leading solutions provider for the cement production industry focused on providing aftermarket parts and services to as well as new and replacement equipment for cement plants around the globe. The Company has manufacturing locations in North America, Europe, and Asia, and its global installed base spans over 1,400 of the world’s approximate 2,700 cement plants.