Schenck Process announced the acquisition of Process Components Ltd (”PCL”) and its subsidiaries – including Kemutec Group Inc. in the US – with its well-known brands kemutec, KEK-GARDNER, mucon and PPS Air Classifier Mills, from EPIC Private Equity.
PCL is a UK based designer and manufacturer of powder processing and handling equipment, components and spare parts, serving the Food, Pharmaceutical, Chemical and Environmental industries. The product portfolio of PCL comprises the brands:
KEK- GARDNER: founded in 1860, recognized for milling and sieving as well as mixing and blending technology.
PPS Air Classifier Mills: founded in 1980.
mucon: founded in 1946, the “hoover” of the Iris Valve world.
kemutec: founded in 1980, globally recognized for powder processing equipment and systems.
Jay Brown, President Food, Chemicals & Plastics at Schenck Process, commented: “The acquisition of PCL with its very well established product lines, a large installed base as well as a great reputation of its brands KEK-GARDNER, PPS Air Classifier Mills, mucon and kemutec enriches the expertise and capabilities of Schenck Process. We are delighted to add key process steps in the area of mixing, milling and classification for our customers.”
Anthony Goodwin, Managing Director of PCL who will continue to lead the business in its next phase of growth as part of the Schenck Process Group, added: “By consolidating our product portfolios with Schenck Process, we are excited to round off our supplied solutions towards offering complete systems to customers throughout the Food,
Chemicals, Pharmaceutical and Environmental Industries, thereby marking an important step in both companies’ growth plans.”
The parties agreed not to disclose the financial terms of the transaction, which is financed by existing funds on balance sheet.