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 Modern Materials Handling Staff
March 20, 2011 - MMH Editorial

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!

Recent Entries

The CMMS allows on-site maintenance teams to more effectively manage maintenance activities while increasing uptime and operating performance of automated materials handling systems and other infrastructure systems at the user’s site.

IBM and Ohio State have formed a unique partnership to train students on supply chain management software. It's a model that other businesses and universities should emulate.

Located in the city of Jundiai, in the state of São Paulo, the plant has been configured for the assembly of selected automatic data capture product lines.

Gor the first half of 2014, NRF said that retail sales were up just 2.9 percent compared to the first six months of 2013, with sales through the end of the year expected to be up 3.9 percent annually.

Quarterly Material Handling Equipment Manufacturing Forecast (MHEM) indicates growth on horizon for industry.

Article Topics

News · Conveyors · ProMat 2011 · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA