Sun Capital to buy filtration technologies firm Koch Separation Solutions
In a move that promises to amplify its standing in the industry, Sun Capital Partners, a renowned private investment entity, has declared a conclusive agreement with subsidiaries of Koch Engineered Solutions, LLC, a Koch Industries Inc. offshoot, to procure Koch Separation Solutions (KSS). This acquisition is anticipated to bolster Koch Separation Solutions’ market footprint and achieve superior economies of scale.
Established in 1963 and anchored in Wilmington, Massachusetts, Koch Separation Solutions boasts a dedicated workforce exceeding 700. With its roots deep into separation technologies, Koch Separation Solutions furnishes an array of services such as membrane filtration, ion exchange, and innovative cheesemaking technologies. Targeting industries like food, beverage, dairy, and more, Koch Separation Solutions aims to reshape the global separations domain and be a favored ally, accentuating value and sustainability. Upon finalizing the transaction, Koch Separation Solutions will sustain its operations as an independent enterprise under its prevailing management.
Manny Singh, Koch Separation Solutions’ President, remarked on the merger, “The synergy between Sun Capital and KSS revolves around a shared ethos of innovation and unwavering commitment to our clientele. KSS, having pioneered in separations for over 50 years, is thrilled about this prospect. It not only fortifies our enduring associations but amplifies our prowess as a comprehensive solutions provider.”
Historically, Koch Separation Solutions pioneered membrane filtration, predominantly catering to industrial sectors, emphasizing water treatment. Over time, diversifying into versatile markets and amalgamating acquisitions like Eco-Tec and RELCO, Koch Separation Solutions metamorphosed into an integrated solutions provider, trusted globally.
Jeremy Stone, Senior Managing Director at Sun Capital, conveyed enthusiasm about the partnership. He asserted, “Our collaboration with KSS signifies a symbiotic relationship where we leverage our extensive expertise in nurturing industrial businesses. We envision aiding KSS in realizing its objectives, propelling growth, and enhancing its capacity to aid clients in achieving productivity and sustainability.”
Dave Dotson, President of Koch Engineered Solutions, expressed pride in cultivating the company into an industry titan. He acknowledged the confluence of visions between Sun Capital and Koch Separation Solutions, predicting the venture’s future success.
The acquisition awaits standard closure formalities, encompassing the acquisition of necessary regulatory nods.