From left: Michael Kostka, Managing Director of Scheuch Corporate Invest; Franz Söllhinger, Managing Director of Scheuch Corporate Invest; Ray Tedfort, Leader Pittsburgh Office at Schust; Jim Winebrenner, Vice President Finance of Schust; John Luttman President of Schust
The Scheuch Group makes its second acquisition in North American with purchase of Schust Engineering, Inc.
The acquisition of Schust Engineering, Inc., located in Auburn, Indiana, will enable Scheuch to expand its share of the industrial air pollution control market. The company plans to house all businesses in North America within a single Business Unit North America, which will cover its market needs in the region.
Schust Engineering has around 70 employees and an annual turnover of US$ 18 million. It has offices in Fort Wayne, Auburn, Indianapolis, Pittsburgh, and Monterrey (Mexico). Schust operates as a plant manufacturer and focuses primarily on the design and development of air pollution control technology for the major industries of metalworking, foundry work, and glass, as well as similar industrial sectors.
Through Schust Engineering, Inc., the Group is also gaining another reputable business to add to device specialist CAMCORP Inc., which is headquartered Kansas City. This wide range of services will allow the Scheuch Group to remain close to its customers.
“With its expertise as a plant manufacturer, Schust has what it takes to process complete turn-key projects entirely independently, while CAMCORP’s specialty in the device and component business makes it an impressive partner. Together, the two will create the ideal launch pad for the continued growth of the Scheuch Group in the USA”, said Jörg Jeliniewski, managing director of Scheuch GmbH.
“It is also extremely important that this venture is accompanied by the two companies transferring knowledge between one another and a two-way flow of expertise – because the only way we can grow successfully is to learn from one another and operate at the same level,” Stefan Scheuch added
Combining strengths in the Business Unit North America
The Business Unit North America was recently established with the aim of harnessing synergy effects as efficiently as possible.
“It is especially important that the two companies are well-integrated into the Scheuch Group during the consolidation period,” Jeliniewski stressed.
Scheuch continues on its global growth trajectory
The Scheuch Group is committed to sustainable, profitable growth and will focus on growth in China, South America, and the Middle East. Any development will be planned with the aim of securing long-term profitability.
At the end of the 2016/17 financial year, the Group’s incoming order volume is expected to hit its target of EUR200 million—the highest since Scheuch’s founding more than 50 years ago.