Schenck Process acquires Clyde Process Solutions

Schenck Process acquires Clyde Process Solutions
17 March 2011

Since the end of February Schenck Process (Germany) has been the sole shareholder of Clyde Process Solutions, a supplier of air filtration, pneumatic conveying and injection technologies.

The shareholders of the previously listed UK 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 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."  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.  

Published under Cement News