Arvos Group to sell Raymond Bartlett Snow to Schenck Process
Naperville, IL (USA) / Heidelberg (Germany), 31 May 2018 - Arvos Group, a Triton Fund IV company, has entered into an agreement to sell its 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 grinding of various mineral types used in 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 a 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 network and providing best-in-class design, manufacturing and construction of size reduction, classification and thermal processing equipment those benefits of our customers.”
About Raymond Bartlett Snow
Over its 130 year history, Raymond Bartlett Snow has established a recognizable brand and reputation as a global leader in both the pulverizing and thermal processing equipment industries. Headquartered in Naperville, IL USA, with core business centers in Vinhedo, SP Brazil, and Noida and Chennai, India, RBS is uniquely positioned to support local, regional, and global customers. Its 100 employees are dedicated to creating value for customers with best in class new equipment, field services, and lifetime support of the installed base of with proprietary aftermarket parts.
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe, focusing on businesses in the Industrial, Business Services and Consumer/Health sectors.
Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 37 companies currently in Triton's portfolio have combined sales of around €14,3 billion and around 91,000 employees.
The Triton funds are advised by dedicated teams of professionals based in Germany, Sweden, Norway, Finland, Denmark, Italy, the United Kingdom, the United States, China, Luxembourg and Jersey.