KKR Agrees To Acquire Testing And Measurement Instruments Manufacturer Industrial Physics From Union Park Capital; Financial Terms Not Disclosed

Benzinga · 05/11/2023 07:18

Headquartered in New Castle, Delaware, Industrial Physics is a global provider of highly technical testing and inspection equipment used by thousands of customers across food and beverage, packaging and other diversified markets. Industrial Physics' leading products are used to test, measure, inspect and validate the quality of products and samples, ensuring that they are made to specification and are safe for end users. The transaction is expected to close in Q3 2023, subject to customary conditions. Industrial Physics marks the third investment for KKR's Ascendant Strategy