Company NewsPosted on: 14/11/2012
Industrial Physics Acquires Ray-Ran Test Equipment Ltd.
August 1st 2015 - Warwickshire, United Kingdom – Ray-Ran Test Equipment Ltd announced today that it has been acquired by Industrial Physics Holdings LLC, Inc based in New Castle, DE, USA. Ray-Ran is a global brand and manufactures materials testing equipment for the Polymer Industry and joins the Industrial Physics group which includes: Testing Machines Inc., USA; CMC Kuhnke, Germany; Messmer Buchel, Netherlands; and FIBRO System AB, Sweden.
“We are very excited about this acquisition,” said Karl Boone, CEO of Industrial Physics. “Ray-Ran Test Equipment Ltd. is an excellent fit within our platform of material testing instrumentation. The Ray-Ran product portfolio will further expand our offerings to the Plastics industry. In keeping with our business structure,” said Mr. Boone, “we will maintain and build upon the Ray-Ran brand.”
“Industrial Physics is keeping my existing team in place and providing them the tools and capital to grow the business,” says Neill Rayson-Randle, former owner and Managing Director. “I am confident I am leaving the company in good hands and that will benefit our customers and our employees.”
Under its new ownership, Andrew Lineker will assume the position of Managing Director. “Ray-Ran is an outstanding organization with an excellent reputation in the marketplace,” says Andrew, who succeeds Neill Rayson-Randle as the Managing Director. “We are proud of the hard work and dedication of our employees, which have allowed our company to grow. We will of course remain as an autonomous independent entity within the Industrial Physics group and are certain the synergies between both companies will accelerate our future growth plans.”
About Industrial Physics
Industrial Physics, LLC is a holding company created by Union Park Capital to build an integrated network of small and mid-sized businesses offering materials and physical testing instrumentation. Industrial Physics’ brands are global leaders in manufacturing advanced materials testing instrumentation for use in measuring and analyzing physical properties of plastics, food and beverage cans, barrier films, paper, pulp, labels, inks, coatings, nonwoven and corrugated materials. Its market-leading brands include Testing Machines, Inc. (Delaware, USA), Messmer Büchel/Büchel BV (Veenendaal, Netherlands), CMC-KUHNKE (Berlin, Germany), and FIBRO System AB (Stockholm, Sweden).
For more information visit www.industrial-physics.com
About Union Park Capital
Union Park Capital is a private equity investment firm focused solely on lower middle-market Industrial Technology companies. We partner with management teams to cultivate businesses through a combination of organic growth and careful strategic add-on acquisitions. Union Park Capital believes in taking a long-term perspective to help stakeholders build value over time.
For more information visit www.union-park.com