European private equity group EQT has acquired Dorner Manufacturing Corp., a designer of roller belt systems, from Incline Equity Partners. The PE firm is acquiring Dorner from the EQT Mid-Market U.S. fund. Financial terms of the deal were not disclosed.
Dorner’s conveyor belt manufacturing capabilities service a variety of industries, such as: packaging, medical and pharmaceutical, food handling and processing, and general manufacturing. The target was founded in 1966 by two brothers Wolfgang and Horst Dorner. Dorner makes steel and aluminum frame conveyors from its 140,000 square foot manufacturing facility in Pewaukee, Wisconsin.