On September 27, 2021, after 31 years of operating as a family business, the Kigyos family decided to sell a majority share of Franklin Automation to the Neyret Group of France. Neyret Group is also a family-owned business and one of the world’s premier suppliers of advanced automation systems. Specifically, Neyret is known as a highly successful supplier of high-speed Intermittent and Continuous Motion assembly and testing systems with two modern machine-building operations in France, a sales office in China and now a third machine building operation in North America. The company works closely with many industries including medical devices and pharmaceuticals; it was due to the significant growth in these particular customer segments that made it imperative they find the right domestic partner to bolster their sales and service offerings in the region.
Going forward, Frank Kigyos and his brother Kevin Kigyos have both retained minority shares in Franklin and will continue managing its operations. Furthermore, they will participate in all corporate decision-making at the board level. This is a significant development for Franklin Automation as it continues offering the personal service and price points of a smaller automation house yet providing the financial security and collaborative advanced engineering strength of a world-class, multi-national automation group. As for the loyal customers in the broom, brush and mop industry, Franklin Automation will continue its representation of the Wohler, Roth and Giori companies in the U.S. and Canada.
We invite you to visit Neyret Group’s website where you can learn more about the company and its culture for the development of advanced automation engineering solutions. There are a number of presentation videos on the site that provide an excellent illustration of the Neyret Group story.
Learn more about the Neyret Group at www.neyretgroup.com.
