Reinforcing KPS Global’s Commitment to Customers and Growth as Industry Leader
The Viessmann Generations Group acquired US-based KPS Global LLC a leading provider of custom enclosures for controlled environments.
The Viessmann Generations Group is a global, broadly diversified and purpose-driven family company founded in 1917. The family-owned investment firm focuses on growth potential, with a long-term outlook. The investment is contributing to Viessmann’s purpose of “co-creating living spaces for generations to come” and an important strategic expansion step for the Group’s Clean & Cold platform into the North American market.
“KPS Global and Viessmann are a perfect match. The KPS Global business directly contributes to our vision to reduce CO2 emissions and improve the quality of life for the world’s growing population. Our strong European footprint in Clean & Cold offers opportunities to leverage each other’s knowledge and expertise,” says Max Viessmann, CEO of Viessmann. “KPS Global is a strong addition to our ecosystem. We look forward to expanding our Clean & Cold North America platform together with the experienced and proven KPS Global management team to grow within and beyond its core markets and drive value creation organically and inorganically, in line with our purpose of co-creating living spaces for generations to come.”
“We are excited about this opportunity as we believe this relationship will allow us significant growth while maintaining our commitment to our customers, employees and vendors,” notes Mike Eakins, CEO of KPS Global.
Eakins continues, “The strong focus KPS Global has on transforming clean and cold solutions to increase energy efficiency and reduce food waste directly contributes to the Viessmann values to co-create living spaces for generations to come. The stability and long-term commitment a family office owned investment firm is really exciting as it allows us to continue to innovate in the market and offer our customers leading edge sustainable solutions.”
Since December 2015, KPS Global has been a privately-owned company held by D Cubed Group LLC. KPS Global will continue operations as normal through their five strategically located manufacturing facilities.
