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Duravant completes acquisition of T-TEK Material Handling LLC to expand packaging solutions

Aug 23, 2024•over 1 year ago

Acquiring Company

Duravant

Acquired Company

T-TEK Material Handling

Downers GroveMontgomeryManufacturingManufacturing

Description

Duravant LLC, a global engineered equipment and automation solutions provider, has acquired T-TEK Material Handling LLC, a leading manufacturer of high-speed packaging machinery and systems solutions. This strategic acquisition expands Duravant’s reach in the growing packaged food and beverage sector and enhances its product offering across its packaging segment.

Company Information

Company

Duravant

Location

Downers Grove, Illinois, United States

About

Duravant is a global leader in advanced automation solutions operating across the food processing, packaging, and material handling industries. Founded on more than a century of expertise, Duravant delivers performance-driven technologies, integrated systems and full lifecycle services that drive productivity, efficiency and safety for the world’s producers and movers of high demand goods. The company serves a broad range of essential end markets including food & beverage, agriculture, consumer and industrial goods, e-commerce, and logistics. Headquartered in Downers Grove, Illinois, and serving customers in more than 190 countries, Duravant unites a portfolio of leading brands under a shared commitment to quality, innovation and customer success.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed