Graham buys controlling interest in American Kuhne

Published: October 1, 2012 6:00 am ET

Related to this story

Topics Mergers & Acquisitions Medical Blow Molding Machinery
Companies & Associations

YORK, PA. (Oct. 1, 11 p.m. ET) — Two plastics machinery companies — blow molding equipment maker Graham Engineering Corp. and extruder builder American Kuhne Inc. — now have common ownership.

Graham’s parent company, York-based Graham Group, announced Oct. 1 that it has purchased controlling interest in Ashaway, R.I.-based American Kuhne, a manufacturer of single-screw extruders, screws, and integrated extrusion systems.

The seller is Kuhne GmbH, an extruder maker in Saint Augustin, Germany. Terms were not disclosed.

American Kuhne was founded in 1997 by several former employees of Davis-Standard LLC. Peter Kuhne, president and owner of Kuhne GmbH, was majority shareholder, but American Kuhne and Kuhne GmbH were independent.

“American Kuhne has always operated independently of the Kuhne Group anyway, so the change in control will have no disruptive effect on our business," said Bill Kramer, president of American Kuhne, in a news release.

No German assets of the Kuhne Group were included in the transaction. The current four-person management team of American Kuhne will retain a minority interest in the firm.

For Graham Engineering in York, which is focused on packaging and industrial customers, the addition of American Kuhne helps it diversify into the medical extruder market.

"For the past few years as we have considered how to broaden and grow our machinery activities within business segments familiar to us, Graham Engineering has been carefully looking at potentially complementary businesses," said Wolfgang Liebertz, president of Graham Engineering, in a news release.

Liebertz told Plastics News that Graham wants to diversify. “We are in an expansion mode. The blow molding market is stable, it does not grow that much.” Could that mean more machinery acquisitions? “If tomorrow we run across something similar, we would perhaps look at it,” he said.

Steve Maxson, vice president of extrusion systems, for American Kuhne, said the company will have an opportunity to “leverage the strengths of Graham Engineering, particularly in the area of process controls technology. We see opportunities to advance our position even more within the medical extrusion industry and to further develop complete systems for other markets, such as pipe and profile."

In 2008, American Kuhne moved from its original plant in Norwich, Conn., to Ashaway, near Rhode Island’s border with Connecticut.


Comments

Graham buys controlling interest in American Kuhne

Published: October 1, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Arsenal Capital selling Royal Adhesives and Sealants

April 27, 2015 4:10 pm ET

Private equity firm Arsenal Capital Partners has sold off a plastics-related business for the second time in six months.    More

Image

Eriks NV buys two US polymer companies

April 24, 2015 10:38 am ET

Dutch company Eriks NV is expanding its reach in the North American plastics sector with two acquisitions: Dallas-based Seals and Packings Inc. and...    More

Image

Danish packaging firm Faerch buys UK's Anson as part of growth strategy

April 24, 2015 9:37 am ET

Denmark-based packaging company Faerch Plast A/S has acquired Ely, United Kingdom-based Anson Packaging Ltd., a move the company says “should...    More

Image

Reifenhäuser acquires German spinneret company Enka Tecnica

April 17, 2015 9:31 am ET

Germany-based Reifenhäuser GmbH & Co. KG, a major manufacturer of extrusion equipment, has announced that it is acquiring Enka Tecnica GmbH, a German ...    More

Image

Spain's Grupo Antolin to buy Magna's interiors business

April 16, 2015 12:33 pm ET

Spain's Grupo Antolin has reached an agreement to purchase Canadian auto supply giant Magna International Inc.'s interiors unit in a deal valued at ab...    More

Market Reports

North American Thermoformed Packaging Market Outlook & Review 2015

Our annual report provides a thorough review and analysis of economic and political conditions, emerging market trends, packaging design advances, materials pricing and sustainable packaging issues impacting supply and demand in the TP segment. Our analysts identify key drivers of growth and opportunities for processors to remain competitive in the years ahead through innovation, production efficiencies and more.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events