Minneapolis, MN — Kannegiesser USA, a wholly owned subsidiary of Herbert Kannegiesser GmbH, has entered an agreement to purchase E-Tech, Inc. of Minneapolis, MN. The new company, Kannegiesser ETECH, will begin merged operations immediately.
Martin Kannegiesser, CEO of Herbert Kannegiesser GmbH recently signed the agreement with E-Tech, Inc. owner Joe Schult. The merged company will focus on the North American market bringing completely integrated automated equipment solutions for laundry operators.
Kannegiesser is a well-known brand world-wide with the highest quality washing, finishing and uniform processing systems. The E-Tech product line of eRail Monorail and conveyor solutions as well as their industry leading eVue Software is the perfect complement to the Kannegiesser laundry processing equipment.
“In the future, the integration of machine technology with logistics and conveyor technology will continue to gain in importance, which is why we need a strong North American team on site” according to Martin Kannegiesser.
Kannegiesser ETECH will have its headquarters in Minneapolis and have a sales and service support office in Dallas as well. The combined company will be led by Phil Hart, CEO and Joe Schult will take the role of COO for Kannegiesser ETECH.
“This decision to invest in a manufacturing facility in North America is both a representation of the dedication to our market, and a testament to the quality of E-Tech’s design and manufacturing in Minneapolis” according to Phil Hart.
Herbert Kannegiesser GmbH is the world’s largest manufacturer of equipment for the industrial laundry sector. The company, headquartered in Vlotho, Germany generated sales of over $330M USD (300 million euro) in 2015, operates in 53 countries and employs over 1,600 people world-wide, with approximately 190 employees in North America.
In a joint statement the companies said: Together, we continually raise the industry standard for quality, service and innovation. When you combine two companies, you transform a business. When you combine two leaders, you transform an industry.
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