Graham Group, the parent company of U.S. blow molding equipment maker Graham Engineering, has purchased controlling interest in American Kuhne, a manufacturer of extruders, screws, and integrated extrusion systems.
York, Pa.-based Graham Group bought the company from The Kuhne Group, which is headquartered in Germany.
The terms of the deal have not been disclosed.
The current management team of Ashaway, R.I.-based American Kuhne will retain a minority interest in American Kuhne, Graham Group said in a press release. No German assets of the Kuhne Group were included in the transaction.
"From a market perspective, GEC has long participated in supplying machinery to the packaging markets, and has been involved in the industrial molding markets since the mid 1990s,” said Dave Yenor, vice president of global business development for the Graham Group. “Bringing American Kuhne into the equation now enables the Graham Group to immediately diversify our market presence into the medical industry, while participating with a technology that is a core competency of our current business; plastic processing technologies. We believe there will be significant opportunities to leverage the strengths of both American Kuhne and Graham to the mutual benefit of both organizations."