The 2020 Mid-Year Economic Update_long

Material Handling Systems Acquires Conveyor Assets of TGW

MHS adds certain conveyor assets of TGW Logistics Group to its portfolio.
Material Handling Systems

Material Handling Systems Inc. (MHS), Washington, Kentucky, will acquire certain U.S. conveyor assets, located in Norton Shores, Michigan, of TGW Logistics Group, Marchtrenk, Austria. Financial terms of the deal weren’t disclosed.

The contract between the two companies has been signed and the acquisition is expected to take effect in February 2021.

Lincoln International advised TGW through the M&A process. KPMG acted as accounting and tax adviser and Goldberg Kohn Ltd acted as legal counsel to TGW. Financial terms for the transaction were not disclosed.

TGW made its entry into the U.S. market more than 15 years ago with the acquisition of the material handling equipment producer Ermanco. Since then, the locally produced equipment has been used in projects throughout North America.

Related Posts

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.