Federal Equipment Company to acquire TKF

Federal Equipment Company, a Cincinnati, OH based supplier of integrated systems to the defense industry and commercial helicopter market, said that it has agreed in principle to buy TKF, Inc., a Cincinnati, OH based conveyor systems and manufacturing company.

By ·

Federal Equipment Company, a Cincinnati, Ohio, based supplier of integrated systems to the defense industry and commercial helicopter market, said that it has agreed in principle to buy TKF, Inc., a Cincinnati, Ohio, based conveyor systems and manufacturing company.

The transaction, terms of which were not disclosed, is expected to close early second quarter, the companies said.

In a statement announcing the deal, the two companies said the combination will offer the businesses greater product and geographic coverage from a single-source provider.
By adding TKF’s capabilities, Federal Equipment Company “can expand our customer base with an enhanced solutions offering. We can now utilize our expertise and experience in serving a larger market place,” said Doug Ridenour, Federal Equipment Company’s President.

“From TKF’s perspective,” he added, “the advantages to the acquisition are enhanced capabilities and financial strength. We’ve been trying to build a stronger presence. This merger will allow us to do that,” he said.

Federal Equipment Company (FEC) is a global leader in engineering, manufacturing and systems integration for the defense industry and helicopter landing systems. FEC also manufacturers multiple spindle drillheads through one of its subsidiaries US Drillhead. Through the years the company has emerged into an internationally recognized organization with challenging engineering and manufacturing capabilities. Federal Equipment Company (FEC) is a global leader in engineering, manufacturing and systems

TKF designs, builds and installs conveying systems. The company’s services range from systems integration, initial engineering concepts and final design, to manufacturing and installation. TKF’s manufactured products include reciprocating and continuous vertical conveyors, PosiGrip conveyor, overhead, monorail and power and free conveyor, popup transfer, accumulation, curve, roller and a variety of custom engineered conveyor and material handling systems.


Subscribe to Modern Materials Handling Magazine!

Subscribe today. It's FREE!
Find out what the world’s most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!

Article Topics

Conveyors · ProMat · · All Topics
Latest Whitepaper
Capturing Labor, Space, and Accuracy Returns with AS/RS
Find out how the demand of e-commerce and digital age expectations are driving the need to automate material handling with AS/RS solutions to improve labor productivity, save space, and reduce costs associated with inaccurate picks
Download Today!
From the November 2017 Modern Materials Handling Issue
A new facility, iPhones and a new WMS allowed cookware manufacturer Lodge to double its business for the fourth time in 20 years and shorten order delivery time from 10 days to three.
10th Annual Salary Survey: The Price of Performance
Let’s put Automatic Data Capture (ADC) Technology to Work
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
The State of the DC Voice Market
A lot has changed in the last 10 years, especially in voice technology. This webinar will cover the state of the voice market, review two leading voice solutions and help you gain a better understanding of the options and capabilities available today.
Register Today!
EDITORS' PICKS
Lodge Manufacturing: Distribution Cast in Iron
A new facility, iPhones and a new WMS allowed cookware manufacturer Lodge to double its business for...
Rochester Drug Cooperative: Robots ready for work
It’s still early stages, but Rochester Drug Cooperative is proving that mobile robotic piece...

System Report: Pouch sorter powers Stage’s fulfillment needs
How a hometown department store chain transformed its e-fulfillment processes with pouch sortation...
Cubing and Weighing Equipment: Measure Up
The use of cubing and weighing equipment is growing beyond dimensional weight applications.