Dürr Sells Environmental Tech Business To Stellex Capital

Dürr Sells Environmental Tech Business To Stellex Capital

Dürr AG has concluded an agreement with an affiliate of Stellex Capital Management LLC (“Stellex”) on the sale of its environmental technology business, which includes the areas of exhaust air purification technology and sound insulation systems and forms the Clean Technology Systems Environmental division within the Dürr Group.

With this sale, the mechanical and plant engineering firm is completing the simplification of the Group structure announced a year ago, underlining its strategic focus on the automation of production processes. At the same time, the Group retains a re-investment in environmental technology amounting to approximately 25%. The enterprise value of the environmental technology business is approximately €385 million. After deducting the costs for acquiring the reinvestment and other transaction-related costs, the Dürr Group expects net proceeds from the sale of around €250 million, which will be used to strengthen the Group by reducing debt. The transaction is subject to standard approvals and expected to close in the fourth quarter of 2025.

Under Stellex’s ownership, the environmental technology business is well positioned to expand its leadership, benefitting from resources to support the expected growth. In 2024, environmental technology generated sales of €407 million and employed around 1,300 people, including around 450 in Germany. The head office is located in Bietigheim-Bissingen and the business operates in 16 locations across 12 countries worldwide.

Dr. Sebastian Baumann, Head of the Clean Technology Systems Environmental division at Dürr comments, “We can look back on a successful development in the environmental technology business and are convinced that we can develop our potential even better as an independent company. With Stellex at our side, new opportunities for growth and innovation are opening up, both in our established business areas and in pioneering technology areas such as carbon capture and heat storage.”

In mid-2024, Dürr had announced the assessment of strategic options for the environmental technology business, including a possible sale. With this sale Dürr will have three divisions, instead of five, having completed the sale of the Danish filling technology company Agramkow last year. The company is now focusing consistently on its core business with automated and sustainable production technologies. In addition, business with the automotive industry was bundled into the new automotive division at the beginning of 2025.

Latest News

Forisk Promotes Amanda Lang To President & COO 

Forisk Promotes Amanda Lang To President & COO  Forisk Consulting, a leading provider of forestry industry analytics and research, has announced further growth and updates to its leadership team. Amanda Lang has been promoted to President & Chief Operating...

Technology Suppliers Brought Their A-Game To Ligna

Technology Suppliers Brought Their A-Game To Ligna More than 1,400 exhibitors from 49 countries participated in the 50th anniversary Ligna held May 26-30 at the Exhibition Grounds in Hannover, Germany. They showcased their technologies to 78,000 visitors from 156...

Kadant Carmanah, Hexion Announce Collaborative Partnership

Kadant Carmanah, Hexion Announce Collaborative PartnershipAs a manufacturer of stranding equipment used in the production of oriented strandboard (OSB) panels, Kadant Carmanah views its collaborative partnership with Hexion and the integration of Hexion’s Smartech...

Find Us On Social

Newsletter

The monthly Panel World Industry Newsletter reaches over 3,000 who represent primary panel production operations.

Subscribe/Renew

Panel World is delivered six times per year to North American and international professionals, who represent primary panel production operations. Subscriptions are FREE to qualified individuals.

Advertise

Complete the online form so we can direct you to the appropriate Sales Representative. Contact us today!

Kadant Carmanah, Hexion Announce Collaborative Partnership

Kadant Carmanah, Hexion Announce Collaborative Partnership

Kadant Carmanah, Hexion Announce Collaborative Partnership

As a manufacturer of stranding equipment used in the production of oriented strandboard (OSB) panels, Kadant Carmanah views its collaborative partnership with Hexion and the integration of Hexion’s Smartech artificial intelligence (AI) technology as a natural evolution of its flagship “SmartRING” strander product line and Argus smart-connected technologies platform. According to Todd Macey, president of Kadant Carmanah Design, combining Hexion’s world-class AI-driven autonomous manufacturing solutions with Kadant Carmanah’s expertise in stranding equipment will enable OSB manufacturers to produce higher quality strands, enhance strander performance, and reduce unplanned downtime.

Hexion’s Smartech division, which Hexion acquired in 2024, uses AI to improve the manufacturing process for wood panels. The product line includes software and systems solutions such as SmartPress and recently announced SmartQuality, each providing a unique approach to resin application that increases efficiency and product quality, as well as autonomous manufacturing systems, which utilize machine learning to optimize productivity.

“The benefit of this collaborative partnership for OSB producers will be the full visibility and connectivity they will now have throughout their entire manufacturing process—from the strander, to the dryer, to the blender, to the forming line, to the press,” says Michael Lefenfeld, President and CEO, Hexion. “As OSB mills continue to face labor challenges and the high variability of log inventory management, Hexion’s advanced AI and machine learning technology will help stabilize the quality of strands from the strander.”

Latest News

Forisk Promotes Amanda Lang To President & COO 

Forisk Promotes Amanda Lang To President & COO  Forisk Consulting, a leading provider of forestry industry analytics and research, has announced further growth and updates to its leadership team. Amanda Lang has been promoted to President & Chief Operating...

Technology Suppliers Brought Their A-Game To Ligna

Technology Suppliers Brought Their A-Game To Ligna More than 1,400 exhibitors from 49 countries participated in the 50th anniversary Ligna held May 26-30 at the Exhibition Grounds in Hannover, Germany. They showcased their technologies to 78,000 visitors from 156...

Kadant Carmanah, Hexion Announce Collaborative Partnership

Kadant Carmanah, Hexion Announce Collaborative PartnershipAs a manufacturer of stranding equipment used in the production of oriented strandboard (OSB) panels, Kadant Carmanah views its collaborative partnership with Hexion and the integration of Hexion’s Smartech...

Find Us On Social

Newsletter

The monthly Panel World Industry Newsletter reaches over 3,000 who represent primary panel production operations.

Subscribe/Renew

Panel World is delivered six times per year to North American and international professionals, who represent primary panel production operations. Subscriptions are FREE to qualified individuals.

Advertise

Complete the online form so we can direct you to the appropriate Sales Representative. Contact us today!

LP Building Solutions Names Tony Hamill COO

LP Building Solutions Names Tony Hamill COO

LP Building Solutions Names Tony Hamill COO

LP Building Solutions (LP) has announced the appointment of Tony Hamill as Senior Vice President, Chief Operating Officer, effective June 30, 2025.

“As we execute our long-term growth strategy, I am pleased to appoint Tony to the newly created role of Chief Operating Officer,” says LP President Jason Ringblom. “With over 30 years of leadership experience in engineering and manufacturing—much of it within our own organization—Tony brings comprehensive expertise across our North and South American operations. Tony’s ability to challenge conventional approaches while fostering collaboration and team alignment will be critical as we continue to scale and optimize our business. I am confident that his leadership will enhance our performance and support sustained value creation.”

In this role, Hamill will oversee LP’s North American manufacturing footprint, which includes 18 facilities and a workforce of over 3,000 team members. He will be responsible for the production and operational efficiency of all product lines, including LP SmartSide trim and siding, LP Structural Solutions, and LP oriented strand board.

A registered professional engineer, Hamill joined LP in 2013 and has held progressively senior leadership roles, including Vice President of Engineering and Vice President of Siding Manufacturing. He has led major initiatives to increase LP SmartSide trim and siding capacity, including four strategic mill conversions and the growth of the company’s ExpertFinish operations. These projects have significantly strengthened LP’s production capabilities and competitive positioning.

Prior to joining LP, Hamill held leadership roles at Stantec, a global engineering firm, and served as Chief Operations Officer at Roseburg Forest Products, where he directed manufacturing operations, engineering, and sales and marketing. He holds a Bachelor of Science in Electrical Engineering from the University of New Brunswick.

Latest News

Forisk Promotes Amanda Lang To President & COO 

Forisk Promotes Amanda Lang To President & COO  Forisk Consulting, a leading provider of forestry industry analytics and research, has announced further growth and updates to its leadership team. Amanda Lang has been promoted to President & Chief Operating...

Technology Suppliers Brought Their A-Game To Ligna

Technology Suppliers Brought Their A-Game To Ligna More than 1,400 exhibitors from 49 countries participated in the 50th anniversary Ligna held May 26-30 at the Exhibition Grounds in Hannover, Germany. They showcased their technologies to 78,000 visitors from 156...

Kadant Carmanah, Hexion Announce Collaborative Partnership

Kadant Carmanah, Hexion Announce Collaborative PartnershipAs a manufacturer of stranding equipment used in the production of oriented strandboard (OSB) panels, Kadant Carmanah views its collaborative partnership with Hexion and the integration of Hexion’s Smartech...

Find Us On Social

Newsletter

The monthly Panel World Industry Newsletter reaches over 3,000 who represent primary panel production operations.

Subscribe/Renew

Panel World is delivered six times per year to North American and international professionals, who represent primary panel production operations. Subscriptions are FREE to qualified individuals.

Advertise

Complete the online form so we can direct you to the appropriate Sales Representative. Contact us today!

Jeremy Goebel Named Con-Vey President

Jeremy Goebel Named Con-Vey President

Jeremy Goebel Named Con-Vey President

Con-Vey in Roseburg, Ore. appointed Jeremy Goebel as its new President, effective as of June 1. The Board of Directors voted unanimously to promote Goebel and name him as the fourth President in the company’s 79-year history. He succeeds Dave Larecy, who will remain actively involved as CEO of Con-Vey Holding Inc.

Goebel’s promotion marks a significant transition for Con-Vey, as he assumes responsibility for the operations of the company. Over the last decade, Goebel has steadily taken on increasing responsibility and played a key role in Con-Vey’s growth and evolution.

“Jeremy has earned the trust of our customers, our team, and our leadership through consistent performance, smart decisions, and a deep understanding of our business,” Larecy says. “He’s been instrumental in building our sales team, expanding our equipment lifecycle service offerings, and driving integrated solutions that have opened up new revenue streams. I have every confidence that he’ll continue to lead Con-Vey with integrity, insight, and care.”

Goebel began his career at Con-Vey in 2013 in Sales, was promoted to sales manager in 2017, and became vice president in  2023. He oversaw Sales, Mechanical and Electrical Engineering, and Equipment Lifecycle departments. In his new role as President, he will also assume responsibility for Manufacturing, Purchasing, and Planning. His leadership in developing subcontractor-integrated packages and partnership with long-term customers has helped fuel substantial revenue growth and enabled reinvestment into company infrastructure and capabilities.

Reflecting on his new role, Goebel shares: “I am honored and humbled to step into the role of President at Con-Vey. It’s a privilege to serve alongside such a dedicated and capable team. I’m incredibly grateful for the trust placed in me and excited to build on our momentum as we continue to grow with purpose and deliver on our mission of velocity.”

Larecy notes that Goebel has had the support of an extraordinary team and a loving family, especially his wife, Shirah. “This job isn’t easy; it comes with pressure, unpredictability, and plenty of hard decisions,” Larecy says. “But Jeremy’s commitment to our people, our customers, and our mission makes me excited about Con-Vey’s next chapter.”

Latest News

Forisk Promotes Amanda Lang To President & COO 

Forisk Promotes Amanda Lang To President & COO  Forisk Consulting, a leading provider of forestry industry analytics and research, has announced further growth and updates to its leadership team. Amanda Lang has been promoted to President & Chief Operating...

Technology Suppliers Brought Their A-Game To Ligna

Technology Suppliers Brought Their A-Game To Ligna More than 1,400 exhibitors from 49 countries participated in the 50th anniversary Ligna held May 26-30 at the Exhibition Grounds in Hannover, Germany. They showcased their technologies to 78,000 visitors from 156...

Kadant Carmanah, Hexion Announce Collaborative Partnership

Kadant Carmanah, Hexion Announce Collaborative PartnershipAs a manufacturer of stranding equipment used in the production of oriented strandboard (OSB) panels, Kadant Carmanah views its collaborative partnership with Hexion and the integration of Hexion’s Smartech...

Find Us On Social

Newsletter

The monthly Panel World Industry Newsletter reaches over 3,000 who represent primary panel production operations.

Subscribe/Renew

Panel World is delivered six times per year to North American and international professionals, who represent primary panel production operations. Subscriptions are FREE to qualified individuals.

Advertise

Complete the online form so we can direct you to the appropriate Sales Representative. Contact us today!

Huber’s Terry Liles Wins FPS Distinguished Service Award

Huber’s Terry Liles Wins FPS Distinguished Service Award

Huber’s Terry Liles Wins FPS Distinguished Service Award 

Each year, the Forest Products Society (FPS) honors individuals who have made exceptional contributions to forest products research, innovation, and education. These awards are presented during the Society’s Annual Convention to celebrate those who have significantly advanced the industry and strengthened the FPS community.

At the 2024 FPS Business Meeting, held June 18 in Fort Collins, Colo., the Distinguished Service Award—the Society’s highest service honor—was presented to Terry Liles, PhD of Huber Engineered Woods.

This award recognizes individuals who have demonstrated sustained dedication to both FPS and the broader forest products industry. Recipients are selected based on their long-term impact through leadership, research, and service to the profession.

A dedicated member and advocate for FPS, Liles served as the Society’s President from 2021–2022, chaired the 2021 FPS International Conference, and has been a key organizer of the FPS BTF-BPI conference. Over the course of his career, he has held leadership roles at major industry organizations including Huber Engineered Woods, Georgia-Pacific Chemicals, and BASF.

Beyond FPS, Liles has contributes to the advancement of industry standards and education, serving as chair of the ASTM D14 Committee on Adhesives and as a board member for the University of Tennessee’s Data Science Institute.

Latest News

Forisk Promotes Amanda Lang To President & COO 

Forisk Promotes Amanda Lang To President & COO  Forisk Consulting, a leading provider of forestry industry analytics and research, has announced further growth and updates to its leadership team. Amanda Lang has been promoted to President & Chief Operating...

Technology Suppliers Brought Their A-Game To Ligna

Technology Suppliers Brought Their A-Game To Ligna More than 1,400 exhibitors from 49 countries participated in the 50th anniversary Ligna held May 26-30 at the Exhibition Grounds in Hannover, Germany. They showcased their technologies to 78,000 visitors from 156...

Kadant Carmanah, Hexion Announce Collaborative Partnership

Kadant Carmanah, Hexion Announce Collaborative PartnershipAs a manufacturer of stranding equipment used in the production of oriented strandboard (OSB) panels, Kadant Carmanah views its collaborative partnership with Hexion and the integration of Hexion’s Smartech...

Find Us On Social

Newsletter

The monthly Panel World Industry Newsletter reaches over 3,000 who represent primary panel production operations.

Subscribe/Renew

Panel World is delivered six times per year to North American and international professionals, who represent primary panel production operations. Subscriptions are FREE to qualified individuals.

Advertise

Complete the online form so we can direct you to the appropriate Sales Representative. Contact us today!