BOLOGNA, Italy and SANFORD, Maine, Feb. 26, 2013 /PRNewswire/ -- GVS S.p.A. and Maine Manufacturing, LLC announced today that they have entered into an agreement to form a new partnership. GVS has joined the existing investors of Maine Manufacturing by providing investment capital to acquire a majority equity interest in Maine Manufacturing and dramatically grow the business. The new investment capital has been used to facilitate the recently announced acquisitions by Maine Manufacturing of the Filter & Membrane business of GE Osmonics and the Monitors, Liquid Media, Centrex and ZapCap product lines of GE Healthcare Life Sciences. Combining their respective technical expertise, sales and distribution networks, the two companies will work closely together to maximize market penetration in the life science market and leverage the strengths of each company.
"GVS has high expectations for this new investment," stated Massimo Scagliarini, GVS S.p.A. Corporate CEO. "Maine Manufacturing brings us broad and extensive experience in the Life Science Market. Their highly skilled management team, wide product portfolio, and significant sales volume, enhanced by their recent acquisitions, will give GVS's Laboratory Division a far greater level of visibility in this market allowing us to generate considerable new business opportunities."
"We are very excited to enter in this new relationship," stated Bill Emhiser, President of Maine Manufacturing. "This alliance will allow Maine Manufacturing to access the global sales network of GVS and their world-wide R&D will provide additional impetus to our market and product expansion. We anticipate great results from the partnership between our two groups."
CMC Consulting Group advised GVS in the transaction.
Founded in 1979, GVS is a global technology leader in the development and manufacture of filtration products primarily serving the medical and automotive markets. GVS has twelve manufacturing plants in Italy, United Kingdom, Brazil, China, Romania, Puerto Rico and the United States, with supporting sales offices in sixteen countries.
About Maine Manufacturing:
Maine Manufacturing is a global, sustainable and responsible business providing creative, value-added solutions and specialty manufacturing for precision-molded plastic, filtration, membrane and biological technologies. Located in Sanford, ME, Maine Manufacturing works with partner companies to conceptualise, develop and manufacture products that are used in biological analysis and molecular reaction applications.
SOURCE Maine Manufacturing, LLC