IPEG, Inc., with subsidiaries serving the plastics-processing, waste-recycling, and industrial heat-transfer markets, has acquired Pelletron Corporation, a leading supplier of pneumatic conveying systems, dust removal systems and other related products. The company will operate as an independent subsidiary at its existing location in Lancaster, PA. Financial terms are not being disclosed.
IPEG, headquartered in Cranberry Township, PA, is parent to Conair, a leading global manufacturer of auxiliary equipment for plastics processing, which also designs and sells material conveying systems. However, IPEG CEO Chris Keller says the two companies are not competitors. “Whereas Conair offers vacuum-based systems that might convey hundreds or thousands of pounds per hour, Pelletron offers pressure-driven systems that are used by resin producers to handle thousands and tens of thousands of pounds per hour. There is virtually no overlap,” Keller explained.
Pelletron, founded in 1987, has been operated by Heinz Schneider and Paul Wagner since 2003 and owned by them since 2008. The two will remain in their current roles of President and Vice President. All other employees are also expected to remain with the company. Keller says the company will continue to operate from its present location in Lancaster, PA, about 80 miles west of Philadelphia.
Pelletron focuses on design and engineering, with numerous patents for products such as pellecon3®, a new smart and economical conveying process, DeDuster® systems to remove dust and streamers from conveyed materials, and the Pellbow®, a patented elbow for conveying piping that prevents pellet damage and equipment wear in high-velocity conveying and abrasive material applications.