Hillenbrand announced the acquisition of Schenck Process Food and Performance Materials (FPM), a Blackstone company. FPM specializes in feeding, filtration, baking, depositing, milling, and material handling equipment, among other technologies.
Once the transaction completes, FPM will become a part of Coperion’s Food, Health & Nutrition Division, joining Linxis Group, Peerless, and Gabler.
In addition, their Performance Materials business brings additional products and an expansion of existing product lines to Coperion’s polymer portfolio, as well as applications know-how in the construction materials and chemicals space.
Coperion’s Food, Health & Nutrition Division includes Bakon, Coperion K-Tron, Diosna, Gabler Engineering, Peerless, Shaffer, Shick Esteve, Unifiller, and VMI. Key brands of FPM, such as Baker Perkins, Kemutec, and Raymond Bartlett Snow will join the Coperion brands with this move.
“FPM’s strong brands and deep expertise directly align with the growth strategy of Coperion’s Food, Health & Nutrition Division. This acquisition builds on the momentum generated over the last twelve months as Coperion has built up its strategic strength in the food end market and expanded its footprint, enabling our team to provide more solutions to customers around the world. For our polymer, chemicals, and minerals business, this acquisition means an expansion of our existing product portfolio, and we will be able to offer our customers even better solutions”, said Ulrich Bartel, President of Coperion.
“We are excited to have a partner in Coperion that shares our commitment to providing leading solutions and service to customers that exceed their needs,” Jay Brown, President of FPM. “This acquisition provides global growth opportunities this transaction presents and I am confident that by combining our complementary strengths, we will be able to offer enhanced comprehensive processing solutions to customers around the world.”