Sun Capital says the acquisition will pave the way for KSS to strengthen its market presence and improve its economies of scale.
Founded in 1963 and headquartered in Wilmington, Massachusetts, USA, KSS offers membrane filtration, ion exchange, evaporators, dryers, and proprietary cheesemaking technologies to the industrial, food, beverage, dairy and other markets. The business employs more than 700 people. Once the transaction is completed, KSS will operate as a standalone business that includes all of its current operations and will continue under the existing management team.
“Sun Capital and KSS share a common vision of innovation and continuous improvement to best serve our customers,” said Manny Singh, president of KSS, who will continue to lead the management team. “KSS has an established history in the separations space, with over half a century’s worth of experience providing innovative solutions to customers worldwide. We are excited about this opportunity as it positions KSS to build upon longstanding relationships while growing our capabilities as a complete solutions provider.”
“We are very excited to enter into this agreement and look forward to working with the KSS team to support the business as a strong standalone enterprise,” said Jeremy Stone, senior managing director of Sun Capital.
"Koch is proud to have founded and grown KSS into an industry leader in the separation solutions space,” said Dave Dotson, president of Koch Engineered Solutions. “Through our recent work with the Sun Capital team, it became apparent that there is an aligned vision with KSS that will take the company to its next level of success.”
