Tencarva Machinery Company has acquired Fischer Process Industries, a US distributor of pumps, valves and process tools servicing Ohio, Indiana, Kentucky, West Virginia and Georgia.
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Headquartered in Loveland, Ohio, with extra locations in Alpharetta, Georgia; Owensboro, Kentucky; Marietta, Ohio; and Indianapolis, Indiana, Fischer Process offers full functions engineering capability and complete restore and service centres for rotating tools and liquid dealing with equipment in every of its locations.
Fischer Process’s current management staff, together with president Ken Fischer, will stay with the company.
Ed Pearce, president of Tencarva, stated: “Fischer Process Industries has a long observe record of success, a talented administration team and powerful service capabilities. The partnership brings the addition of valves to Tencarva’s product line and offers us entry to new markets in Indiana, Kentucky and Ohio whereas bolstering our presence in Georgia. Fischer Process and Fischer Process-South, which may even join us, are the right complement to Tencarva’s present platform, which we plan to continue expanding via strategic acquisitions.”
“We’re very enthusiastic about our partnership with Tencarva, which allows us to run a bigger platform with the profit of scale as we develop our enterprise,” stated Fischer. “Tencarva introduces us to a broader buyer and vendor base and enhances our service capabilities along with enhancing back-office efficiencies.”
Tencarva is a portfolio firm of Bessemer Investors LLC, a New York-based investment firm