For Immediate
Release For
further information contact:
Paul Wagman
Fleishman Hillard
Paul.wagman@fleishman.com
314-982-1726
Harbour Group Acquires SP Industries, Inc.
St. Louis, Dec. 9, 2015 - SP Industries, Inc. (SP), is now part of the
Harbour Group family of companies, Jeff Fox, Harbour Group’s chairman and chief
executive officer, announced today. SP had been part of Graham Partners,
Newtown Square, PA, portfolio since March 2011. Terms of the transaction were
not disclosed.
SP
is a leading designer and manufacturer of state-of-the-art scientific
equipment, biological drug manufacturing solutions and precision labware
distributed globally under the SP umbrella of market leading brands which include
Hull, VirTis, FTS, Genevac, Hotpack, Bel-Art, H-B Instrument and
Wilmad-LabGlass. SP’s product portfolio which includes lyophilizers,
centrifugal evaporators, stability chambers, NMR tubes and laboratory
glassware, thermal control systems and laboratory apparatus serves a
range of end markets including the pharmaceutical, biotechnology, scientific,
university, healthcare, industrial, aeronautic, and semiconductor industries. Headquartered
in Warminster, PA, SP has 9 additional manufacturing facilities and 3 service
centers in the United States and Ipswich, U.K.
“SP’s
brand strength, breadth of product and in-house manufacturing capabilities fit
very well with our experience in the manufactured products sector,” said Mr. Fox.
“We are very excited to welcome the impressive SP Lab management team to our
family and support them as they pursue their growth objectives over the coming
years. We will accelerate their investment in new product development,
geographical expansion and complementary acquisitions, as we have done with our
companies for the last 40 years.
William
Downs, SP president and chief executive officer added “SP is passionate about
the products that we bring to market and our success is driven by end users
having confidence that they can rely on our quality, innovation and in-depth
knowledge. We look forward to working alongside Harbour Group, benefiting from
their operational expertise and the bright future this holds for our employees
and customers as we drive our business to the next level.”
About
Harbour Group
Harbour
Group is a privately owned, operations focused company based in St. Louis,
Missouri. Harbour Group’s companies are engaged in manufacturing and
distribution across diverse industries including thermal management, flow and
energy measurement, boiler systems, professional diagnostic and repair tools,
niche distribution, logistics services, decorative kitchen and bath hardware,
abrasives, diamond-cutting products and related tools, laboratory equipment,
glassware and labware, entertainment and music products, and auxiliary plastic
processing equipment. Since its founding in 1976, Harbour Group has acquired
181 companies in 39 different industries.
#
# #