UNION PARK ANNOUNCES ACQUISITION OF SHEEN INSTRUMENTS
BOSTON, MA – Oct 20, 2017. Industrial Physics, Inc., a global leader in test and measurement equipment and portfolio company of Union Park Capital, today announced the purchase of Sheen Instruments Ltd. from Elektron Technology plc. Sheen is a leading manufacturer of lab equipment to test and inspect surface and adhesion properties of paint and coatings. Sheen is headquartered in West Molesey, Surrey, United Kingdom.
Sheen is a 70-year old brand that has global recognition with customers in all corners of the world. With the purchase of Sheen Instruments, Industrial Physics strengthens its portfolio to serve the paint, coatings, inks and packaging industries.
Sheen joins Testing Machines Inc., CMC-KUHNKE, Messmer Büchel, Systech Illinois, TM Electronics, Ray-Ran Test Equipment, United Testing Systems and Eagle Vision as an independent Industrial Physics operating companies.
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, 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.
“We are very excited to add Sheen Instruments to the Industrial Physics portfolio. We view the testing of paints, inks and coating as an attractive adjacency and complement to our current instrumentation offering” said Jim Neville, CEO of Industrial Physics. “With our nine portfolio companies, Industrial Physics clearly establishes itself as the world’s largest provider of test and measurement equipment for packaging, packaging-related materials and coatings” said Mr. Neville.
“Industrial Physics is a wonderful home for Sheen and we couldn’t be happier to be joining its family of companies,” says Mark Arnold, General Manager. “Sheen has been known globally for over 70 years as a trusted supplier of instrumentation for quality control. All of Industrial Physics are devoted to providing advanced equipment to help customers achieve high quality standards. We believe Industrial Physics will help support Sheen’s strong position in the market.”
About Sheen Instruments Ltd.
Sheen Instruments is a leading manufacturer and supplier of quality inspection and testing instruments used in industries including paint, coatings, automotive, decorative and many others. Formed in 1947, the company is celebrating its 70th anniversary. With distributors in more than 40 countries, Sheen is an internationally recognized brand with a worldwide customer base. For more information visit www.sheeninstruments.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 and Sheen Instruments. 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.
Sheen is a 70-year old brand that has global recognition with customers in all corners of the world. With the purchase of Sheen Instruments, Industrial Physics strengthens its portfolio to serve the paint, coatings, inks and packaging industries.
Sheen joins Testing Machines Inc., CMC-KUHNKE, Messmer Büchel, Systech Illinois, TM Electronics, Ray-Ran Test Equipment, United Testing Systems and Eagle Vision as an independent Industrial Physics operating companies.
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, 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.
“We are very excited to add Sheen Instruments to the Industrial Physics portfolio. We view the testing of paints, inks and coating as an attractive adjacency and complement to our current instrumentation offering” said Jim Neville, CEO of Industrial Physics. “With our nine portfolio companies, Industrial Physics clearly establishes itself as the world’s largest provider of test and measurement equipment for packaging, packaging-related materials and coatings” said Mr. Neville.
“Industrial Physics is a wonderful home for Sheen and we couldn’t be happier to be joining its family of companies,” says Mark Arnold, General Manager. “Sheen has been known globally for over 70 years as a trusted supplier of instrumentation for quality control. All of Industrial Physics are devoted to providing advanced equipment to help customers achieve high quality standards. We believe Industrial Physics will help support Sheen’s strong position in the market.”
About Sheen Instruments Ltd.
Sheen Instruments is a leading manufacturer and supplier of quality inspection and testing instruments used in industries including paint, coatings, automotive, decorative and many others. Formed in 1947, the company is celebrating its 70th anniversary. With distributors in more than 40 countries, Sheen is an internationally recognized brand with a worldwide customer base. For more information visit www.sheeninstruments.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 and Sheen Instruments. 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.