Fort Price’s Operio Group acquires Elizabeth » Dallas Innovates group of corporations

Fort Price’s Operio Group acquires Elizabeth » Dallas Innovates group of corporations

Fort Price-based Operio Group has acquired Elizabeth Carbide Die Co. Inc. and Elizabeth HATA and Scheu & Kniss, main producers of Elizabeth tablets, pill presses, blister pack instruments, towers and compression elements.

Operio, an rising holding firm constructing a worldwide physique of manufacturers that provide and help the strong dosage manufacturing trade, mentioned the acquisition represents a pivotal second in its quest to turn into the premier options supplier for strong dosage producers. No monetary particulars have been revealed.

Alastair Sanderson, CEO of the Oberio Group, mentioned in an announcement: “As I have a look at what the Oberio Group has quickly turn into, I’m extra assured than ever that we have now the experience in our group to have the ability to ship on our imaginative and prescient.” “I really feel that for too lengthy, producers have been underserved when confronted with the challenges of strong dosage formulations and manufacturing.”

Based in 1954, Elizabeth has turn into recognized for offering powder compaction options of remarkable high quality.

“I’m happy to announce the mixing of three of our American factories into the Oberio Group household,” Kenneth Spiegel, president of Elizabeth Firms, mentioned in an announcement. “The combination with Operio represents a big milestone and serves as a catalyst for progress and innovation.”

By becoming a member of the Oberio Group, Elizabeth Enterprises is making ready to combine state-of-the-art manufacturing equipment into its factories, the corporate mentioned.

This shift in the direction of superior automation is a results of Elizabeth’s dedication to customer support, guaranteeing fast responses and quicker supply, she mentioned.

Elizabeth’s pill compression merchandise will even complement the Operio Group’s current product choices, guaranteeing complete tableting options throughout numerous industries for strong dosage producers, Operio mentioned.

That is the Operio Group’s third acquisition in 14 months and was facilitated by DVS Group and Stone Pier Capital Advisors.

“Now we have loved collaborating with the Operio Group staff to run a course of to search out one other key acquisition to proceed the unbelievable acceleration of Operio Group’s progress,” Kevin Lindsay, managing accomplice of DVS Group, mentioned in an announcement.

“Stone Pier, as promoting advisors to Elizabeth, collaborated with DVS Group to convey collectively two privately held corporations with related values, combining Elizabeth’s three US-based items with Operio’s distinctive and extremely profitable enterprise mannequin.” Charlie Schlips, managing director of Stone Pier Capital Advisors, mentioned in an announcement.

The Oberio Group mentioned that with its rising portfolio of manufacturers, the corporate is positioning itself as a key accomplice for strong dosage producers.

“By bringing collectively consultants in elements, machine elements and tooling, we at the moment are the one firm on the planet capable of help our clients in a complete manner and be a real accomplice somewhat than a reseller,” Sanderson mentioned.

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