IK Investment Partners to sell Schenck Process to BlackstoneAgreement to sell Schenck Process with private equity funds by Blackstone reached
Headquartered in Darmstadt, Germany, Schenck develops and manufactures innovative solutions for a wide range of industrial processes including weighing, feeding, conveying and filtration. With over 2,300 employees’ worldwide and significant operations across Europe, North and South America, China, India and Australia, Schenck serves a diversified customer base across a variety of industries, including food, chemicals, mining and construction.
“Schenck is an innovative and unrivalled leader, and we see considerable opportunity to grow the business both organically and by acquisitions in its various end markets. We are excited to team up with management and accompany Schenck in the next stage of its development,” said Lionel Assant, Head of European Private Equity at Blackstone.
“This investment underlines our strong commitment to the German market as we continue to evaluate further opportunities across Europe. Blackstone has a proud record of working with