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
Mobile Solutions: Improving Supply Chain Efficiencies
To meet customer's ever-increasing service expectations and improve their business efficiency, companies are looking to their supply chain operations – especially material handling and warehouse operations managers.
Download Today!
From the February 2017 Modern Materials Handling Issue
In warehouses and DCs, planning solutions tend to take a back seat to execution system functions. Vendors are working to boost the trust factor using tools that break down forecasts and blend with analytics.
Automated Storage on the Move
Receiving 101: Setting the Table for Success
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
2016 Warehouse/DC Operations Webcast: Confronting omni-channel complexity
During this webcast we’ll examine the current activities, trends, and best practices in warehouse and DC operations management and how companies plan to address complex issues associate with omni-channel fulfillment.
Register Today!
EDITORS' PICKS
Johnson & Johnson: A vision for automation
J&J Vision Care brings together a variety of automated technologies, including an innovative...
Using AGVs at LEDVANCE
The lighting manufacturer reaped savings by reducing maintenance costs and product damage, and using...

System Report: Sustainable Distribution at REI
Specialty outdoor retailer REI’s new distribution center brings together the next generation of...
System Report: Whirlpool puts mobile robots to work
In Whirlpool Corp.’s Clyde, Ohio, factory, mobile robots have automated the delivery of parts to...