2021 - 2022 Exhibitions
Schenck Process acquires Thai auxiliary company
Schenck Process Group (SPG), a provider of auxiliary equipment for bulk materials, says it has reached an agreement to acquire Solids Handling And Process Engineering Co., Ltd. (SHAPE), a supplier and specialist in providing powder handling & powder processing solutions located in Bangkok, Thailand. Terms were not disclosed.
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.
Keith Cochrane, CEO of SPG, commented: “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.”
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.
Headquartered in Darmstadt, Germany, Schenck has 2,800 employees with a presence in over 20 countries across five continents focused on the food, mining, chemicals and performance materials, and infrastructure and energy market segments.
(PRA)
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