Advanced Material Processing and Automated Handling Solutions Unite to Form Akona Process Solutions
Deal News | Jan 29, 2025 | PR Newswire Cision May River Capital, LLC
Advanced Material Processing (AMP) and Automated Handling Solutions (AHS), two prominent companies in material processing and handling, have announced their merger into Akona Process Solutions, a portfolio company of May River Capital based in Chicago. This merger combines the advanced technologies and global reach of AMP and AHS, providing a comprehensive range of material handling and processing solutions for high-value sectors such as food and beverage, pharmaceuticals, nutraceuticals, and chemicals. Akona will continue to operate renowned brands like Cablevey, Kason, Marion, and Spiroflow, offering more than 200 years of combined experience. The company is headquartered in Charlotte, North Carolina, with centers of excellence across the United States and Europe, uniquely positioning itself to meet the growing demand for integrated and hygienic solutions in regulated environments. Seth Vance, CEO of Akona, highlights the merger as a pivotal step towards delivering exceptional value and reliability to global customers. The newly formed entity aims to streamline client operations, reduce downtime, and enhance productivity through innovative and customer-centric technology.
Sectors
- Material Handling and Processing
- Private Equity
Geography
- United States – Akona Process Solutions is headquartered in Charlotte, North Carolina, with additional locations in Iowa and engineering centers across the U.S.
- Europe – Akona Process Solutions operates engineering centers and sales services in Europe, reflective of its global reach.
Industry
- Material Handling and Processing – The article discusses the merger of companies specializing in advanced material processing and automated handling, indicating relevance to the material handling and processing industry.
- Private Equity – May River Capital, a private equity firm, is involved in the merger, showcasing relevance to the private equity industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Advanced Material Processing | Merger participant | Company | A company specializing in material processing solutions, part of the merger to form Akona Process Solutions. |
| Automated Handling Solutions | Merger participant | Company | A company specializing in automated handling solutions, part of the merger to form Akona Process Solutions. |
| Akona Process Solutions | Target Company | Company | The new company formed through the merger of AMP and AHS, focusing on material processing and handling. |
| May River Capital | Private Equity Owner | Company | A private equity firm based in Chicago, owning the newly formed Akona Process Solutions. |
| Seth Vance | CEO | Person | The CEO of Akona Process Solutions, commenting on the merger and future strategies. |