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.
Mr Keith Cochrane, CEO of SPG, commented:
I am delighted to see SHAPE join our group with their reputation for high quality products that are recognized by multi-national blue-chip customers. 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.
Ms Oytip Kuwunlop, former owner of SHAPE, said:
We have been looking for a buyer who supports the company in its further development and we believe that SPG can help SHAPE being at the forefront of developing trends in the food market. We can already see significant opportunities for growth, and I am confident to leave SHAPE in good hands.
Mr Mike Allin, former owner of SHAPE, added:
We are enthusiastic about SHAPE’s new owner who will bring in industry experience and an extensive network. I hope and expect that the company will achieve continued success under SPG’s ownership and am excited to support the company as they continue to expand their product offerings and reach new customers globally.
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.
Schenck Process is a leading global provider of sustainable products, integrated solutions and services in mission critical applications for bulk materials. Headquartered in Darmstadt, Germany the Group 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.
The product offering includes solution for industrial weighing, feeding, conveying, pulverizing and classification, screening, mixing and blending and associated digital applications.
The Group was acquired by Blackstone International in 2017 and generated revenues of nearly €600m for the year ended 31 December 2020.
For further company news and information, please visit www.schenckprocess.com
Schenck Process Holding GmbH
Telefon: +49 (6151) 1531-0
Telefax: +49 (6151) 1531-66