NEW OWNERS: Schenck Process
Mon, 10/01/2007 - 6:21am
HgCapital has sold Schenck AccuRate's parent company, Schenck Process, to Industri Kapital, which now has a majority stake in the company. Since Schenck Process was acquired by HgCapital from DÃ¼rr AG in 2005, it has expanded its workforce to about 1,800 employees, increased revenue to $470 million per year, and expanded its international footprint. It is now one of the market-leading providers of industrial weighing, feeding, screening, and automation equipment and solutions.