The investment banking firm of Brown, Gibbons, Lang & Company (BGL) announced it has completed the divestiture of Scheu & Kniss (S&K) for DT Industries, Inc. (DTI). Based in Dayton, Ohio, DTI (NASDAQ:DTII) is a global manufacturer of automation systems and solutions for the assembly, testing and packaging of consumer and industrial products.
S&K, a division of DTI located in Louisville, Ky., manufactures tablet press replacement parts and provides rebuild services a wide range of industries including, pharmaceutical, nutritional and other industrial markets. S&K was acquired by Elizabeth Carbide Die Co., Inc., a Pittsburgh-area manufacturer of tooling and replacement parts for tablet presses. Terms of the transaction were not disclosed.
Brown, Gibbons, Lang & Company is a Midwest-based investment banking firm serving middle market businesses nationally and internationally. In the past four years, BGL has completed more than $3 billion of M&A transactions, more than $600 million of institutional private placements, a dozen corporate restructurings, and has sponsored and financed three successful industry roll-ups. The firm has more than 25 investment banking professionals with offices in Chicago and Cleveland.