News Release

June 23, 2015

Dennys Silo and Engineering: New Owners, New Opportunities

Providing new opportunities and growth to a multi-generation Darling Downs based family business, Satake Australia Pty Ltd (100% subsidiary of Satake Corporation, Hiroshima, Japan) has purchased 100% of renowned silo and bulk handling supplier Dennys Silo and Engineering (Allora, QLD) with the deal finalised at a signing ceremony in Bangkok, Thailand on Monday 15th June, 2015.

Photo taken after Signing Ceremony {Satake Australia's President, Mr.Yoshimasa Tomoyasu (left) and Dennys' President, Mr.Bob Denny}

Bob Denny and his wife, Marion, visited Satake's International Business office in Thailand accompanied by Satake Australia's President, Mr Yoshimasa Tomoyasu and Director, Mr Craig Doorey for the ceremony.

The acquisition of Dennys provides a multi-faceted benefit to both organisations - it gives Dennys access to a new global and expanded domestic sales network with particular focus on South East Asia and the Pacific Region, providing the perfect growth platform for Dennys to take advantage of opportunities in the much touted "Asian Century". The deal provides Satake access to world class bulk handling and storage equipment, further enhancing their capabilities as the leading Asian supplier of rice and grain handling solutions in the world.

Dennys will continue to operate normally with a strong focus from both sides that the nature of the existing business is to be preserved; retaining the elements that made Dennys a successful business over several generations. All staff were retained in the change of ownership process with Bob continuing in the business as Head of Sales and Special Advisor to Satake. Satake Australia will enhance their sales portfolio through their existing network of sales staff and agents, with existing presence in Queensland, New South Wales, Victoria, Tasmania and New Zealand. International sales will be coordinated through Thailand and Japan.

Satake Corporation is a global leader in the rice, wheat and maize milling industries with over 2,500 employees and a presence in all major agricultural regions in the world.

Silos Manufactured and Installed by Denny's

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