Schenck Process announced the acquisition of Process Components Ltd (”PCL”) and its subsidiaries – including Kemutec Group Inc. in the US – with its 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.
The parties agreed not to disclose the financial terms of the transaction, which is financed by existing funds on balance sheet.