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Qlar Europe GmbH Pallaswiesenstr. 100 64293 Darmstadt, Germany http://www.qlar.com
Contact Schenck Process Holding GmbH +49 6151 15310
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Schenck Process to acquire Baker Perkins

(PresseBox) (Darmstadt, )
Schenck Process Group (SPG) 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 our product offering in the Americas and provide opportunities for growth across the Asia Pacific region. We 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.

Mr 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 mind-set. Already we can see significant opportunities for growth, and I am excited at the prospect of working together.

Mr 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.
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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.