MHS acquires TGW US Conveyors
Acquisition expands MHS's capabilities to serve fast growing e-commerce industry.
MHS Holdings Inc., a Mt. Washington, Ky.-based provider of advanced material-handling automation solutions, engineering, equipment and software, said it entered into a definitive agreement to purchase certain assets related to TGW Conveyor Systems Inc.’s U.S. conveyor business unit, which operates separately from TGW’s U.S. integration business unit. The transaction is expected to close in February 2021.
Based in Norton Shores, Mich., TGW U.S. Conveyors, formerly Ermanco Inc., is a division of TGW Logistics Group. The company works across multiple distribution and fulfillment end-markets, including e-commerce, life sciences, food and beverage, and parcel freight and logistics. TGW U.S. Conveyors will help accelerate MHS’s product strategy and growth plan so that MHS is best positioned to serve its growing customer base, MHS said. TGW U.S. Conveyors will begin to operate under MHS Distribution + Fulfillment/MHS Conveyor as a division of MHS, and MHS plans to retain the TGW U.S. Conveyors employees post-close.
“We are thrilled to join the MHS family and partner with MHS to deliver market-leading automation solutions for our customer base,” said Christian Lahnsteiner, managing director, TGW U.S. Conveyors. “Our newly expanded relationship with MHS gives us a platform to extend our product solutions to a larger set of customers while continuing to deliver the quality product that we have been known for.”
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