- Product Development
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 its European capabilities in the food processing and equipment sector, broaden product offering in the Americas and provide opportunities for growth across the Asia Pacific region. SPG 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.
The company’s industrial extruder division is a good fit for Schenck’s material handling systems in industries such as plastics, chemicals and pharmaceuticals.
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.
A strong order book at Baker Perkins has led us to create a couple of new admin positions in our design and operati… twitter.com/i/web/status/1…06 August 2021
Happy to have welcomed Member of Parliament Paul Bristow on a factory visit in Peterborough! He said he was “blown… twitter.com/i/web/status/1…28 July 2021
Our partnership with Triple Pee Solutions Pvt Ltd (3P) ensures maximum value for capital investment and aftermarket… twitter.com/i/web/status/1…26 July 2021
Case study: A new twin-screw powder coating extruder at Asian Paints - India’s market leading paints company - was… twitter.com/i/web/status/1…21 June 2021 10 June 2021 25 May 2021
Baker Perkins Limited, Manor Drive, Paston Parkway, Peterborough, PE4 7AP UK, Registered in England: No. 5708493
© 2021 Baker Perkins. All rights Reserved.
Web Design by Studio 24