Dietrich Engineering Consultants buys Extract Technology from Wabash
Switzerland based Dietrich Engineering Consultants has announced the acquisition of UK based Biotech and pharmaceutical system provider, Extract Technology, from Wabash National Corp, a U.S. listed trailer manufacturing company. The acquisition included Extract Technology business in the U.K. and the U.S.
The sale closed June 30, 2021, with Extract Technology continuing operations under the ownership of Dietrich Engineering Consultants.
Extract Technology joined Wabash National in 2012 as part of the Walker Group Holdings acquisition. Extract Technology represented approximately $22M of sales in 2020 and was reported within Wabash National’s Diversified Products Group segment.
For Dietrich Engineering Consultants, BMH Brautigam & Partner alongside Shoosmiths acted as legal counsel. With accounting services provided by EY and Pwc as financial advisors.
For Wabash National, in-house general counsel Melanie D. Margolin alongside Foley & Lardner served as legal counsel. While Cowen Group served as a financial advisor.
Dietrich Engineering Consultants
Headquartered in Switzerland, Dietrich Engineering Consultants (DEC) is a global provider of contained powder handling systems. DEC has been supplying the pharmaceutical, chemical, food and cosmetic industries for more than 30 years. DEC has subsidiaries and agents in more than 50 countries.