Schenck Process Acquires Clyde Process Solutions
March 16, 2011
Schenck Process has grown yet again. Since the end of February the Darmstadt, Germany-based company has been the sole shareholder of Clyde Process Solutions, a leading supplier of air filtration, pneumatic conveying, and injection technologies. The shareholders of the previously listed U.K. company voted in favor of the acquisition.
Commenting on this result, Dr. Jochen Weyrauch, President & CEO of Schenck Process, said, "We are delighted to have received such overwhelming support from Clyde's shareholders and look forward to warmly welcoming the company to the Schenck Process Group." With more than 500 new employees at locations in the U.S., Brazil, South Africa, the UK, and China, Schenck Process now employs more than 2600 people around the world.
Clyde has a strong market position and technologically fits into the Schenck Process portfolio extremely well. “This transaction represents an important milestone in our development and we believe its merits are compelling for both Clyde and the Schenck Process Group,” Weyrauch explained. “Our combined product offering strengthens our position to deliver energy saving and environmental solutions to key target markets. The complementary nature of the geographic reach and product and systems offerings of the Schenck Process Group and Clyde are fundamental to the strategic rationale for the transaction."
North American-based, Mac Equipment Inc., Kansas City, MO, a member company of Clyde Process Solutions, also becomes part of the acquisition by the Schenck Process Group.
The Schenck Process Group is a global leader of solutions in measuring and process technologies in industrial weighing, feeding, screening, and automation. Schenck Process develops, manufactures, and markets a full range of solutions, products, and turnkey systems on the basis of combining process engineering expertise, reliable components, and field-proven technology.
Schenck Process has 32 locations, several offices, and 22 state-of-the-art production facilities, worldwide.
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