Wabash National Corporation finalized the sale of Extract Technology, UK-based Biotech and pharmaceutical system provider, to Switzerland-based Dietrich Engineering Consultants, a portfolio company of Germany-based capiton. The sale closed June 30, 2021, with Extract Technology continuing operations under the ownership of Dietrich Engineering Consultants.
For Wabash National, in-house general counsel Melanie D. Margolin (pictured) alongside Foley & Lardner served as legal counsel. While Cowen Group served as a financial advisor.
For Dietrich Engineering Consultants, BMH Brautigam & Partner alongside Shoosmiths acted as legal counsel. With accounting services provided by EY and Pwc as financial advisors.
Extract Technology joined Wabash National in 2012 as part of the Walker Group Holdings acquisition. Extract Technology represented approximately $22M of sales in 2020 and was reported within Wabash National’s Diversified Products Group segment.