UNION PARK CAPITAL ANNOUNCES ACQUISITION OF STEINFURTH
Boston MA – February 9, 2021. Industrial Physics Inc., a Union Park Capital portfolio company, announced today that it has once again expanded its portfolio of solutions – the global test and inspection company acquired Steinfurth, a specialist in producing innovative quality control instruments and solutions for the beverage, food, and pharmaceutical industries.
For more than 80 years, German based organization Steinfurth has been developing and producing Co2 measuring instruments, logger systems, carbonation systems, laboratory shakers, beer analysis instruments, and package testing equipment.
This acquisition will further strengthen Industrial Physics’ solutions in the food, beverage, and packaging industries. Steinfurth’s instruments can be used to test across a wide breadth of applications that ensure the integrity of beverage packaging.
These applications complement Industrial Physics’ existing portfolio of solutions in this space – making this a strong partnership for both parties. Industrial Physics’ equipment is delivered through a number of brands, including CMC-KUHNKE, Quality By Vision, Eagle Vision, Systech Illinois, and TM Electronics brands.
Over the years, Steinfurth and Industrial Physics have supported many of the same global players in the food and beverage packaging space. Industrial Physics’ global sales and service presence will help expand Steinfurth’s offering to the USA and Asian Markets.
“This is a fantastic opportunity for Steinfurth and its employees to grow to the next level using the sales and service power of Industrial Physics”, states Johannes Angres, Managing Director of Steinfurth.
“It opens up the opportunity to reach Industrial Physics customers who aren’t already benefiting from the Steinfurth product line and vice versa. The synergies of products, technical resources, and sales and service staff will significantly enhance the value we can provide our customers”, expands Martin Falkenstein, Co-Managing Director. Mr. Angres and Mr. Falkenstein will continue as Managing Directors of Steinfurth.
“I am delighted to complete this highly-strategic acquisition”, says Jim Neville, CEO of Industrial Physics. “Steinfurth rounds out our portfolio of test and inspection solutions for the food and beverage industry. I am delighted the Steinfurth team chose Industrial Physics as the platform to take Steinfurth to the next level. I look forward to working with the Steinfurth team as they are recognised as a strong organization in the industry.”
Industrial Physics (IP) is a global test and inspection partner, comprised of over a dozen trusted brands that each have a best-in-breed reputation within their niche. The team at Industrial Physics provide packaging, product, and material integrity testing solutions for manufacturers, production lines, and laboratories across the globe.
Alongside the production of instruments, IP’s world class service offering allows them to function as a true partner for customers across a multitude of industries.
About Steinfurth
As a specialist for electromechanical measuring systems, Steinfurth develops and distributes innovative and customer-specific solutions. In the last 40 years, Steinfurth has globally established as a market leader for electromechanical measuring systems in the beverage industry, packaging industry, food industry, pharmacy industry and mining industry. For more information, visit www.steinfurth.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.industrialphysics.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.
For more than 80 years, German based organization Steinfurth has been developing and producing Co2 measuring instruments, logger systems, carbonation systems, laboratory shakers, beer analysis instruments, and package testing equipment.
This acquisition will further strengthen Industrial Physics’ solutions in the food, beverage, and packaging industries. Steinfurth’s instruments can be used to test across a wide breadth of applications that ensure the integrity of beverage packaging.
These applications complement Industrial Physics’ existing portfolio of solutions in this space – making this a strong partnership for both parties. Industrial Physics’ equipment is delivered through a number of brands, including CMC-KUHNKE, Quality By Vision, Eagle Vision, Systech Illinois, and TM Electronics brands.
Over the years, Steinfurth and Industrial Physics have supported many of the same global players in the food and beverage packaging space. Industrial Physics’ global sales and service presence will help expand Steinfurth’s offering to the USA and Asian Markets.
“This is a fantastic opportunity for Steinfurth and its employees to grow to the next level using the sales and service power of Industrial Physics”, states Johannes Angres, Managing Director of Steinfurth.
“It opens up the opportunity to reach Industrial Physics customers who aren’t already benefiting from the Steinfurth product line and vice versa. The synergies of products, technical resources, and sales and service staff will significantly enhance the value we can provide our customers”, expands Martin Falkenstein, Co-Managing Director. Mr. Angres and Mr. Falkenstein will continue as Managing Directors of Steinfurth.
“I am delighted to complete this highly-strategic acquisition”, says Jim Neville, CEO of Industrial Physics. “Steinfurth rounds out our portfolio of test and inspection solutions for the food and beverage industry. I am delighted the Steinfurth team chose Industrial Physics as the platform to take Steinfurth to the next level. I look forward to working with the Steinfurth team as they are recognised as a strong organization in the industry.”
Industrial Physics (IP) is a global test and inspection partner, comprised of over a dozen trusted brands that each have a best-in-breed reputation within their niche. The team at Industrial Physics provide packaging, product, and material integrity testing solutions for manufacturers, production lines, and laboratories across the globe.
Alongside the production of instruments, IP’s world class service offering allows them to function as a true partner for customers across a multitude of industries.
About Steinfurth
As a specialist for electromechanical measuring systems, Steinfurth develops and distributes innovative and customer-specific solutions. In the last 40 years, Steinfurth has globally established as a market leader for electromechanical measuring systems in the beverage industry, packaging industry, food industry, pharmacy industry and mining industry. For more information, visit www.steinfurth.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.industrialphysics.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.