Koch-Glitsch Acquires Germany-based Julius Montz.
5 August 2019 - US-based mass transfer and separations technology equipment provider Koch-Glitsch, a subsidiary of Koch Engineered Solutions and its parent company Koch Industries, has acquired German pharmaceutical process equipment and technology supplier Julius Montz GmbH (Montz) from the Pfaudler Group, the company said.
This acquisition will increase Koch-Glitsch's presence worldwide by strengthening its global footprint, broadening its portfolio of products, services, and intellectual property, and positioning it for entry into new markets and industries.
Montz is in mass transfer solutions such as structured packings and trays, and process systems for the chemical, fine chemical, oleochemical, and pharmaceutical industries, with specialised capabilities in green technology, renewables, alcohol, food, and solvent recovery.
Montz is headquartered in Hilden, Germany and has a process technology and engineering facility in Landau, Germany.
Koch-Glitsch's acquisition of Montz will provide the opportunity for technological and geographical synergy between the two companies that will drive increased growth. Utilizing both companies' market knowledge and competitive advantages will benefit each other and create greater value for their customers.
The acquisition will also promote growth across Koch-Glitsch by leveraging Montz's capabilities around production processes for second-generation bioethanol as countries look to replace traditional energy sources like oil, coal, and gas.
Koch-Glitsch is in developing, engineering, designing, and manufacturing a complete line of mass transfer and separations technology equipment for the chemical, petrochemical, refining, and gas processing industries.
Koch-Glitsch can provide a complete solution for each unique project with its wide range of products and service capabilities, in addition to its knowledgeable and experienced Refinery Specialist, Troubleshooting, and CFD Modeling teams.
These solutions allow for designs that are faster and safer for new constructions and revamps. Koch-Glitsch is headquartered in Wichita, Kansas with additional sales and manufacturing locations across the globe. Koch-Glitsch is a Koch Engineered Solutions company.
KES is located in Wichita, Kansas and is a subsidiary of Koch Industries, one of the largest private companies in the world.
Since 1884, Pfaudler has grown to be a truly global, multi-national and diverse company, employing over 1,500 employees and manufacturing facilities on four continents.
Target: Julius Montz GmbH (Montz)
Vendor: Pfaudler Group
Deal size in USD:
Type: Corporate Acquisition
Buyer advisor: , ,
Comment: Terms of the deal were not disclosed
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|Publication:||M & A Navigator|
|Date:||Aug 5, 2019|
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