Schenck Process Acquires Clyde Process Solutions
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 US, Brazil, South Africa, the UK and China. Schenck Process now employs more than 2,600 members of staff around the world.
Clyde has a strong market position and technologically fits into the Schenck Process portfolio extremely well, as Dr Jochen Weyrauch explains, "This transaction represents an important milestone in our development and we believe its merits are compelling for both Clyde and the Schenck Process Group. 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, headquartered in Darmstadt, Germany, 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.
With 32 locations, several offices and 22 state-of-the-art production facilities, Schenck Process employs approximately 2600 people worldwide.
Questions related to the press release can be directed to:
Mike Karas
Schenck AccuRate
746 E. Milwaukee Street
Whitewater, WI 53190
262-473-2441
Email: mike.karas@sarinc.com
