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.