Schenck Process Group (SPG) has reached an agreement to acquire Solids Handling And Process Engineering Company, Ltd (SHAPE), a major supplier and specialist in providing powder handling and powder processing solutions located in Bangkok, Thailand.
SHAPE offers solutions for almost every facet of manufacturing operations and processes where dry solids are used: Encompassing the discharge and handling of raw materials, the inter process transfer and processing in terms of mixing, size reduction and sieving, as well as filling.
This acquisition is a continuation of SPG’s strategic focus to further extend its global offering for the food end-markets. It will significantly strengthen APAC capabilities in the food processing and equipment sector with great opportunities for growth not only in Thailand but across the entire Asia Pacific region. SPG will build upon SHAPE’s experience and customer relationship and support the company’s future growth.
“I am delighted to see SHAPE join our group with their reputation for high quality products that are recognized by multi-national blue-chip customers,” said Keith Cochrane, CEO of SPG. “This investment represents an important strategic opportunity for our food business and SHAPE’s established critical mass provides a suitable platform for growth adding to our geographic presence in a region for which we see great potential in the food market in coming years.”
“We have been looking for a buyer who supports the company in its further development and we believe that SPG can help SHAPE being at the forefront of developing trends in the food market,” said Oytip Kuwunlop, former owner of SHAPE. “We can already see significant opportunities for growth, and I am confident to leave SHAPE in good hands.”
Mike Allin, former owner of SHAPE, added, “We are enthusiastic about SHAPE’s new owner who will bring in industry experience and an extensive network. I hope and expect that the company will achieve continued success under SPG’s ownership and am excited to support the company as they continue to expand their product offerings and reach new customers globally.
SHAPE’s former management will continue working under the new ownership for a certain period until a smooth transfer and the set-up of the future growth initiatives is completed.