Tencarva Machinery Company has acquired Fischer Process Industries, a US distributor of pumps, valves and process gear servicing Ohio, Indiana, Kentucky, West Virginia and Georgia.
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Headquartered in Loveland, Ohio, with further places in Alpharetta, Georgia; Owensboro, Kentucky; Marietta, Ohio; and Indianapolis, Indiana, Fischer Process presents full purposes engineering capability and complete repair and repair centres for rotating gear and liquid handling gear in each of its areas.
Track record ’s existing management group, including president Ken Fischer, will stay with the company.
Ed Pearce, president of Tencarva, said: “Fischer Process Industries has an extended track document of success, a skilled administration group and powerful service capabilities. The partnership brings the addition of valves to Tencarva’s product line and provides us access to new markets in Indiana, Kentucky and Ohio whereas bolstering our presence in Georgia. Fischer Process and Fischer Process-South, which may also be part of us, are the proper complement to Tencarva’s existing platform, which we plan to continue expanding through strategic acquisitions.”
“We’re very enthusiastic about our partnership with Tencarva, which allows us to run a bigger platform with the good factor about scale as we develop our enterprise,” mentioned Fischer. “Tencarva introduces us to a broader customer and vendor base and enhances our service capabilities in addition to enhancing back-office efficiencies.”
Tencarva is a portfolio firm of Bessemer Investors LLC, a New York-based investment firm
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