DT Industries purchases Kentucky manufacturer

DT Industries announced in a recent news release that it has purchased substantially all of the assets and assumed certain liabilities of Scheu & Kniss Inc., for a cash purchase of $9.6 million and a promissory note of $625,000.

Scheu & Kniss has its headquarters in Louisville, Ky. It manufactures tablet-press replacement parts and rebuild services, serving primarily the pharmaceutical, nutritional, battery and confectionery industries. The company has annualized sales of approximately $7.5 million, the release stated.

Stephen J. Gore, president and chief executive officer of DTI, said, "Scheu & Kniss is a complementary acquisition to our Packaging Machinery Group. We have identified synergies with our existing business and plan to capitalize on those opportunities. We are committed to the experienced staff and management of the Louisville plant and look forward to growing the business at that facility."

DT Industries Inc. designs, manufacturesand integrates automated production equipment used to assemble, test or package industrial and consumer products.

The company also produces precision metal components, tools and dies for

a broad range of industrial applica-

tions.