Pelletron Corp., Lancaster, PA, the leading supplier of pneumatic conveying and dust control systems as well as related components, has been acquired by IPEG, Inc. headquartered in Cranberry Township, PA. Financial terms were not disclosed. IPEG is parent to Conair, a leading global manufacturer of auxiliary equipment for plastics processing, which also designs and sells vacuum-based materials conveying systems. 

 

Pelletron, founded in 1987, has been operated by Heinz Schneider and Paul Wagner since 2003 and owned by them since 2008. The two will remain in their current roles of president and vice president. All other employees are also expected to remain with the company which will continue to operate from its present location. 

 

“Our primary focus is to help Pelletron grow doing what they do best, engineering high-throughput pneumatic conveying systems. Part of our growth strategy is to acquire solid companies, give them autonomy and invest in their growth”, commented IPEG CEO Chris Keller. “Our growth has been limited by our size, not by our know-how or capability” explained Heinz Schneider. “With the strong financial backing and global footprint of IPEG, which is much larger than Pelletron, our customers will be able to have more confidence in our ability to handle these larger projects.” Pelletron has a European subsidiary, pelletroneurope GmbH, located in Bodnegg, Germany, and distributors and partners around the world.  www.pelletroncorp.com; www.ipeg.net  

 

 

Standing (from the left): Kirk Winstead, chief operating officer, IPEG; John Erkert, chief financial officer, IPEG; Paul Wagner, vice president, Pelletron; (seated) Chris Keller, president and CEO, IPEG; Heinz Schneider, president, Pelletron