Arvos Group to sell Raymond Bartlett Snow to Schenck Process
31-May-2018 Back to overview
Naperville, IL USA & Heidelberg Germany, 31 May 2018 - Arvos Group, a Triton Fund IV company, has entered into an agreement to sell their Division Raymond Bartlett Snow (“RBS”) to Schenck Process. RBS, a leader in the design, manufacturing and construction of size reduction, classification and thermal processing equipment, will be a valuable addition to Schenk Process, a global technology and market leader in applied measuring technology. The parties have agreed not to disclose any terms of the transaction.
Björn Killmer and Rohin Jain, both Investment Advisory Professionals and Advisors to the Triton funds, said: “We are proud to have worked with the management team of RBS over the last four years in creating an industry champion for thermal processing and pulverizing of industrial minerals for multiple industrial applications. The company is strongly positioned for future growth, because of its employees’ expertise and dedication. We wish RBS every continued success.”
Brent Beachy, President RBS, said: “I am very excited to welcome Schenck Process as our new owner. Through this new partnership, RBS will have a bright and successful future. Our key focus will be to build on the successful cooperation with Triton by continuing to invest in our product development and best-in-class design, manufacturing and installation of size reduction, classification and thermal processing equipment to create value for our customers.”