The acquisition of best-in-class companies that complement our existing product lines and allow us to expand our presence in the global market has proven to be a very effective strategy.
Warminster, PA (PRWEB) July 17, 2014
SP Industries, Inc. (“SP”), a leading designer and manufacturer of state-of-the-art laboratory equipment, biological drug manufacturing solutions, and specialty glassware, announced today that it has acquired privately held Bel-Art Products (“Bel-Art”). Headquartered in Wayne, NJ, Bel-Art is a global provider of innovative laboratory solutions serving the scientific, industrial, and healthcare end markets.
Through this acquisition, SP, which offers a diverse collection of market leading process and laboratory equipment and specialty glassware, adds to its portfolio over 3,500 additional products sold under Bel-Art’s flagship Scienceware and H-B Instrument brand names.
“The acquisition of best-in-class companies that complement our existing product lines and allow us to expand our presence in the global market has proven to be a very effective strategy,” stated SP Industries CEO, Bill Downs.
Downs continued by saying, “Bel-Art Products, which will continue operating under its own name, has done a superb job of building brand equity, developing a robust stream of innovative new products, and working with its channel partners to effectively serve the market. We are excited at the increased opportunities to grow market share and will cross-market across brands and leverage each organization’s expertise in product development, operations, finance, and supply chain management.”
Brad Mahood, Chief Operating Officer of Bel-Art, will play a key leadership role in sales, marketing, and product management at the corporate level. Additionally, David Landsberger, President of Bel-Art Products, will join the Board of Directors for SP Industries.
About SP Industries
SP Industries, Inc., is a leading designer and manufacturer of state-of-the-art laboratory equipment, biological drug manufacturing solutions, and specialty glassware. SP’s products are principally used in drug research, development, and production. Other brands owned by SP Industries include SP Scientific (maker of market-leading equipment under: FTS Systems, Genevac, Hull, National-Hotpack, and Virtis) and Wilmad-LabGlass, a leading manufacturer of NMR and EPR sample tubes and accessories, a diverse line of Laboratory Glassware and Scientific Equipment, as well as Precision Engineered Glass, OEM Quartz components and assemblies. Together, they represent over 250 combined years of experience, quality and innovation. SP serves a range of end markets including the pharmaceutical, biotechnology, scientific, educational, industrial, aeronautic, and semiconductor industries. Headquartered in Warminster, Pennsylvania, SP has production facilities in the USA and Europe.
For more information on SP Industries, visit http://www.spindustries.com.