UNION PARK ANNOUNCES ACQUISITION OF QUALITY BY VISION
BOSTON, MA – October 31, 2018. Industrial Physics, Inc., a global leader in test and measurement equipment, today announced the purchase of Quality By Vision, a global leader in the development and manufacture of quality and process control systems for the metal packaging industry.
Industrial Physics’ brands address critical test and measurement needs of customers in a broad range of industries with an emphasis on packaging and packaging-related applications including food and beverage, metal cans, flexible packaging, paper and plastics, paints and coatings, medical device and consumer electronics markets. Industrial Physics companies are helping customers meet the ever-increasing test and quality standards required by demanding regulators, consumers and manufacturers. Industrial Physics is a portfolio company of Union Park Capital, a private-equity firm that specializes in industrial technology investments.
Quality By Vision was founded in 1997 by Benny LaOr and Ofer LaOr, and has experienced significant growth over the years by providing high-quality and innovative products for metal package testing applications. With the acquisition of Quality By Vision, Industrial Physics augments its portfolio of products to serve customers requiring metal package inspection and vision systems. Quality By Vision joins Testing Machines Inc., Messmer Büchel, Systech Illinois, TM Electronics, Ray-Ran Test Equipment, CMC-KUHNKE, United Testing Systems, Eagle Vision and TQC-Sheen as an independent Industrial Physics operating company.
“We are very excited to add the Quality By Vision product line to Industrial Physics. We view metal packaging testing as a key and growing segment of our product portfolio. Quality By Vision has a talented group of employees, a strong brand in the industry and strong penetration in global markets.” said Jim Neville, CEO of Industrial Physics.
Mr. Ofer Laor, Technical Director, will continue as Managing Director of Quality By Vision. “I am delighted to have Ofer join Industrial Physics. Ofer and his team are respected industry veterans with a very strong track record of product innovation in this exciting growth market,” said Mr. Neville.
“We are very excited to be joining the Industrial Physics family of companies”, says Ofer LaOr, Technical Director of Quality By Vision. “We have a very strong product portfolio, a large distribution network and loyal customers throughout the globe making Quality by Vison a strong fit within Industrial Physics. We will be able to expand each other’s reach into adjacent markets and target key global customers with a wide portfolio of testing and measurement instrumentation”.
About Quality By Vision
Established in 1997, Quality By Vision is a global leader in the development and manufacture of quality and process control systems for the metal packaging industry to include; can makers, can fillers and suppliers. Quality By Vision invented the automatic double seam inspection system, now one of the leading products in the market. The company operates out of three facilities in the USA and Europe and has an extensive independent sales and service network around the world. For more information, visit www.qbyv.com.
About Industrial Physics
The companies of Industrial Physics, Inc. manufacture and market testing instruments worldwide for measuring physical and analytical properties of a wide range of materials, products and packaging types including plastics, metals, barrier films, paper, corrugated materials, foil, ink, coatings, cans, medical devices, paints and surfaces. Its market-leading brands include Systech Illinois, Testing Machines, Inc., Messmer Büchel, CMC-KUHNKE, FIBRO System, Ray-Ran Test Equipment, TM Electronics, United Testing Systems, OxySense, Eagle Vision, TQC-Sheen and Quality By Vision. For more information, visit www.industrial-physics.com.
About Union Park Capital
Union Park Capital is a private equity firm solely focused on lower middle-market industrial technology companies. Union Park takes a long-term perspective to help stakeholders build value over time, and drives value creation through profitably growing a business, not financial engineering. Union Park Capital is based in Boston, MA and has extensive investments and expertise in the scientific instrumentation sector. For more information, visit www.union-park.com.