CHICAGO — May River Capital, the private equity owner of Advanced Material Processing (AMP), announced Nov. 9 the appointment of Brad Sterner as AMP’s new chief executive officer.
AMP offers material processing equipment for pet food manufacturers, as well as other segments of the food and beverage, pharmaceutical, nutraceutical and chemical industries. The company operates two subsidiaries: Kason Corporation and Marion Processing Solutions.
Sterner previously served as executive chairman of AMP and chief executive officer of May River’s Hunt Valve platform. He will continue as executive chairman of the Hunt Valve board as he assumes his new role as chief executive officer of AMP.
“During the pandemic, AMP has aggressively responded to industry needs and as a result has experienced significant growth serving its food, pharmaceutical, nutraceutical and industrial customers,” said Steve Griesemer, partner at May River Capital. “We are proud of the hard work and dedication of the AMP team and we look forward to continued growth of the platform, both organically and through acquisitions.
“Brad Sterner has been a terrific partner to May River for many years and he has deep experience in the highly fragmented material processing equipment sector,” Griesemer continued. “Combining Brad’s experience with the existing talented team will drive organic growth, and his experience integrating new operations positions us well for further complementary acquisitions.”
Henry Alamzad, former president of Kason Corporation with 30 years of process equipment industry experience, has also been appointed to senior vice president of global sales and development at AMP. This is a newly created position designed to expand the company’s new Thermal Process Solutions group.
Lee Eilers will remain president of Marion Process Solutions.
“It has been incredible to witness the talented AMP team in action, strengthening our industry leadership during this pandemic,” Sterner said. “AMP is uniquely positioned to benefit from the short- and long-term underlying trends in the hygienic processing end-markets, particularly food.”
Read more about personnel changes throughout the industry.