Acquisition expands MHS's capabilities to serve fast growing e-commerce industry
MHS Holdings, Inc. (“MHS” or the “Company”), a global provider of advanced material handling automation solutions, engineering, equipment and software, announced that it has entered into a definitive agreement to purchase certain assets related to TGW Systems, Inc.’s U.S. conveyor business unit, which operated separately from TGW’s U.S. integration business unit. The transaction is expected to close in February 2021.
Based in Norton Shores, Michigan, TGW U.S. Conveyors, formerly Ermanco, Inc., is a division of TGW Logistics Group. TGW U.S. Conveyors works across multiple distribution & fulfillment end-markets, including e-commerce, life sciences, food & beverage, and parcel freight & logistics. TGW U.S. Conveyors will help accelerate MHS’s product strategy and growth plan so that MHS is best positioned to serve its growing customer base. TGW U.S. Conveyors will begin to operate under MHS Distribution + Fulfillment/MHS Conveyor as a division of MHS, and MHS plans to retain the TGW U.S. Conveyors employees post-close.