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Thursday, October 4, 2012
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York, PA - The Graham Group, York, PA, has acquired controlling interest in American Kuhne (A-K,) the Ashaway, RI-based, manufacturer of extruders, screws and integrated extrusion systems. The controlling interest was acquired from The Kuhne Group of Sankt Augustin, Germany, which is owned by Peter Kuhne. The current management team of American Kuhne (A-K) will retain a minority interest in American Kuhne. No German assets of the Kuhne Group were included in the transaction. “American Kuhne has always operated independently of the Kuhne Group anyway, so the change in control will have no disruptive effect on our business,” stated Bill Kramer, President of American Kuhne. “Peter Kuhne has been an excellent partner since the founding of our company in 1997 and we are very enthused to have the Graham Group involved to support our future growth,” said Bill Kramer. He went on to say, “I am very pleased that our entire management team will remain in their current positions within A-K and each of us continues to remain invested in our business. The most important thing is that this change in ownership will not affect our service to our customers or our products, but will bring additional resources and financial support for our future growth.” |
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