Tuesday, November 24, 2020
 
 
   
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   
   

You can get e-magazine links on WhatsApp. Click here

EQUIPMENT

Schenck Process Group to acquire Baker Perkins; focus on food end-markets
Tuesday, 20 October, 2020, 12 : 00 PM [IST]
Darmstadt, Germany
Schenck Process Group (SPG), leader in measuring and process technology, has reached an agreement to acquire Baker Perkins, a leading global supplier of food processing equipment and aftermarket services for the bakery, confectionery, biscuit, cookie and cracker, breakfast cereal and pet food end-markets. Headquartered in Peterborough, United Kingdom, Baker Perkins serves a diverse & growing mix of customers across the food industry globally.
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 European capabilities in the food processing and equipment sector, broaden its product offering in the Americas and provide opportunities for growth across the Asia Pacific region. it will build upon the knowledge, experience and customer relationships of the Baker Perkins team to support future growth, whilst remaining fully committed to existing facilities in Peterborough and Grand Rapids, Michigan. Upon completion, the business will continue to be run by the existing managing directors as part of the SPG regional business structure. The transaction is expected to close in Q4 2020.

Keith Cochrane, CEO of SPG, said: “I am delighted to see Baker Perkins join us. This is a long-established business with a reputation for excellent products and customer service, with a similar business model to our own. It will complement and extend our existing product offering to the food end-market, which is a key strategic focus, providing good opportunities for future growth, operating efficiency and further value creation for all stakeholders.”
Dan Bassett, MD, Baker Perkins UK, commented: “We have been looking for a long-term partner prepared to invest in the company and continue its development for many years to come. We can relate to the SPG culture that encourages local autonomy and entrepreneurship, which fits well with our independent mindset. Already we can see significant opportunities for growth, and I am excited at the prospect of working together.”

Dan Smith, MD, Baker Perkins US, added: “Schenck Process already has a significant footprint in the US market, and we can see major opportunities in the combination of our expertise and product range.”
 
Print Article Back FNB News Twitter
Post Your commentsPost Your Comment
* Name :    
* Email :    
  Website :  
Comments :  
   
   
Captcha :
 

 
 
 
Food and Beverage News ePaper
 
 
Interview
“Indian F&B sector keen to modernise, keep pace with trends & regulations”
Past News...
 
FORTHCOMING EVENTS
 

FNB NEWS SPECIALS
 
Overview
Packaged wheat flour market growth 19% CAGR; may reach Rs 7500 cr: Ikon
Past News...
 
 
Advertise Here
 
Advertise Here
 
Advertise Here
 
Recipe for Success
Bartending ‘interesting accident’, states aspiring mathematician Lal
Past News...



Home | About Us | Contact Us | Feedback | Disclaimer
Copyright © Food And Beverage News. All rights reserved.
Designed & Maintained by Saffron Media Pvt Ltd