Chicago-based middle-market private equity firm May River Capital announced the rebranding of its merged portfolio companies Advanced Material Processing (AMP) and Automated Handling Solutions (AHS) to Akona Process Solutions (Akona).
Akona unifies AMP and AHS to offer a wide range of materials processing, handling equipment and aftermarket services for industries such as food and beverage, pharmaceutical, nutraceuticals and chemicals. The company’s product offerings will now include mixers, blenders, dryers, screeners, conveyors, bulk materials filing and discharging solutions.
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“Akona will provide a single-source solution for customers operating in some of the most complex and demanding industries,” Akona CEO Seth Vance said in a Jan. news release. “Through merging the capabilities – and marking a critical step in our pursuit of delivering exceptional value and reliability to our customers globally.”
The merged company will utilize AMP’s and AHS’s Cablevey, Kason, Marion and Spiroflow brands. Additionally, the company will be headquartered in Charlotte, NC, with service, engineering and sales centers throughout the U.S. and Europe.
May River Capital previously announced the merger of AMP and AHS on Jan. 15.
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