The acquisition of Scandia will allow KHS to expand its portfolio to include compact cartoners and secondary packaging machines. KHS will integrate Scandia with their existing Sarasota, Florida-based manufacturing operations. Former Scandia President, Wilhelm (“Bill”) Bronander III, will assume a business development and sales role with KHS. Three Twenty-One Capital acted as exclusive financial advisor to Scandia in this transaction.
"There's a trend towards smaller,single-serve products," Donald Deubel, Vice-President and business unit leader at KHS USA, said in a statement. "In taking over Scandia, an expert in compact packagingmachines, we're developing attractive growth areas in thisvery segment."
“We are very pleased to find an acquiring company with the reputation and expertise of KHS. We believe that the Scandia product line is a natural fit,” Ervin Terwilliger, Managing Partner of Three Twenty-One Capital Partners.
