CPM Acquires Wolverine Proctor & Schwartz
CPM, leading equipment provider for particle size reduction and pelleting, announced the acquisition of the assets of Wolverine Proctor & Schwartz LLC of Merrimac, Mass. The new company, to be called Wolverine Proctor, expands the CPM equipment and technology portfolio in baking, drying, cooling, roasting and toasting. The new products complement many CPM application areas such as extrusion.
“With CPM, Wolverine Proctor will re-emerge as the world’s premier thermal processing company sharing the CPM operating legacy for offering unique and innovative solutions for customer needs,” said Ted Waitman, CPM president. “CPM has realigned people, products, services, and resources necessary to exceed customer expectations for performance and value.”
Wolverine Proctor designs and manufactures thermal processing equipment and systems in food, chemical, tobacco, and textile processing industries.
U.K. based Wolverine Proctor & Schwartz Ltd. was not part of the acquisition. It is a separate legal entity, neither a subsidiary nor a parent of the new Wolverine Proctor, and remains under the ownership of the previous owners of the defunct US based company.
As it has since 1883, CPM offers equipment and after-market sales and support for particle size reduction, preparation, and agglomeration in feed milling, oilseed processing, ethanol, pet food, biomass, and compounding industries. The company also serves the corn wet milling, extrusion, microbrewery and wood industries.
CPM’s holdings include California Pellet Mill, Roskamp Champion, Beta Raven, and Century Extrusion. CPM has more than 450 employees and production facilities in the Americas, Europe and Asia.
