UNION PARK CAPITAL SELLS INDUSTRIAL PHYSICS TO KKR
Boston, MA - July 19, 2023. Union Park Capital today announced that it has sold Industrial Physics, the leading packaging, product, and material test and inspection provider to investment funds managed by KKR.
With over 100 years of experience in the industry, Industrial Physics is a globally recognized specialist in testing and inspection equipment for manufacturers, production lines, and laboratories. With extensive worldwide operations, the company is integral to the operational safety and innovation of sectors including food, beverage, flexible packaging, medical products and more.
“At Industrial Physics, we are excited to work with KKR as we enter this new phase of our growth. KKR supports our employee-first culture and shares our vision for building a scaled testing and measurement platform that continually invests in growth and innovation to even better serve the needs of customers around the world,” said Jim Neville, CEO of Industrial Physics.
Industrial Physics also plans to implement KKR’s broad-based employee ownership program to support employee engagement, which will make all employees owners of the company alongside investment funds managed by KKR.
Providing instruments and services to organizations across a wealth of industries, Industrial Physics offers an unrivalled portfolio of products. From a range of instruments that carry out seam inspection, can inspection, label inspection, code reading, permeation analysis, and headspace testing for the beverage industry, to crush, burst, peel, and tack testing for those manufacturing food packaging, the diversity of solutions is simply unmatched. Together with testing tools used for coatings, materials, and various components – such as viscosity testing, gloss testing, abrasion testing, melt flow testing, and so many others, there truly is no test and inspection partner that can compare.
About Industrial Physics
Industrial Physics is the world’s leading test and inspection partner protecting the integrity of the biggest brands across the globe. The Company manufactures and markets materials testing instruments for measuring physical and analytical properties of plastics, barrier films, paper, pulp, foil, ink, coatings, corrugated materials, cans, medical devices, and consumer electronic products.
For more information about Industrial Physics, please visit:
Website: www.industrialphysics.com
LinkedIn: industrial-physics
Twitter: @IndustrialPhys
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. Its flexible partnership approach can provide investment for any combination of ownership liquidity, internal growth initiatives, or acquisitions. For more information, visit www.union-park.com.
With over 100 years of experience in the industry, Industrial Physics is a globally recognized specialist in testing and inspection equipment for manufacturers, production lines, and laboratories. With extensive worldwide operations, the company is integral to the operational safety and innovation of sectors including food, beverage, flexible packaging, medical products and more.
“At Industrial Physics, we are excited to work with KKR as we enter this new phase of our growth. KKR supports our employee-first culture and shares our vision for building a scaled testing and measurement platform that continually invests in growth and innovation to even better serve the needs of customers around the world,” said Jim Neville, CEO of Industrial Physics.
Industrial Physics also plans to implement KKR’s broad-based employee ownership program to support employee engagement, which will make all employees owners of the company alongside investment funds managed by KKR.
Providing instruments and services to organizations across a wealth of industries, Industrial Physics offers an unrivalled portfolio of products. From a range of instruments that carry out seam inspection, can inspection, label inspection, code reading, permeation analysis, and headspace testing for the beverage industry, to crush, burst, peel, and tack testing for those manufacturing food packaging, the diversity of solutions is simply unmatched. Together with testing tools used for coatings, materials, and various components – such as viscosity testing, gloss testing, abrasion testing, melt flow testing, and so many others, there truly is no test and inspection partner that can compare.
About Industrial Physics
Industrial Physics is the world’s leading test and inspection partner protecting the integrity of the biggest brands across the globe. The Company manufactures and markets materials testing instruments for measuring physical and analytical properties of plastics, barrier films, paper, pulp, foil, ink, coatings, corrugated materials, cans, medical devices, and consumer electronic products.
For more information about Industrial Physics, please visit:
Website: www.industrialphysics.com
LinkedIn: industrial-physics
Twitter: @IndustrialPhys
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. Its flexible partnership approach can provide investment for any combination of ownership liquidity, internal growth initiatives, or acquisitions. For more information, visit www.union-park.com.