WHITEWATER, WI - Schenck Process announces the acquisition of Stock Equipment Company. The acquisition further strengthens the position of Schenck Process as the leading global supplier of weighing, feeding, screening, and automation solutions throughout the process industries.
Stock, together with its Redler and Solvera products is the global leader in the design, manufacture, and sale of highly engineered bulk material handling systems and electronic controls for coal-fired power plants and other process industries.
Founded in 1929, Stock has the most extensive bulk material handling product offering in the industry, which includes feeding systems, chain conveyors, specialty valves, electronic controls, and other accessory products. Headquartered in Chagrin Falls, Ohio and with operations in China, India, Japan, and the United Kingdom, Stock is well positioned to serve both its international customer base and growing markets. Employing around 270 people worldwide, in 2005, Stock created revenues of approximately 65 million US dollars.
Dr. Jochen Weyrauch, President of Schenck Process, said, "Following the recent MBO of Schenck Process from Carl Schenck AG, the acquisition of Stock confirms our strategy to grow Schenck Process with greater focus and efficiency. In addition to other benefits, the acquisition of Stock facilitates this growth by allowing us to strengthen our position in servicing the highly attractive coal-fired power industry. We are delighted to have been able to bring such a strong brand as Stock together with its management team into the Schenck Process family.
Schenck Process, with headquarters located in Darmstadt, Germany, is a global market leader of solutions in measuring and process technologies, industrial weighing, feeding, screening, and automation. Schenck Process develops, manufactures, and markets a full range of solutions, products, and turnkey systems based on combining process engineering expertise, reliable components, and field-proven technology.
The North American operation of Schenck Process is located in Fairfield, NJ and specializes in the manufacture of belt scales, weighfeeders, pulverized coal dust feeding systems, solids flow meters, volumetric and gravimetric feeders, bulk bag discharging systems, and fiberglass feeders. Schenck Process can be contacted at 800-401-9702 or by visiting the company web site at www.schenckamericas.com.