ST. LOUIS, March 22, 2016 /PRNewswire/ -- SP Industries, Inc., a Harbour Group company, acquired the assets of PennTech Machinery Corporation, Jeff Fox, Harbour Group's chairman and chief executive officer, announced today. Terms of the transaction were not disclosed.
PennTech has 25 years of experience in aseptic pharmaceutical vial-handling solutions, including washers, trayloaders, sterilization tunnels, filling and stopper inserting machines, automatic freeze dryer loading machines, cappers and external washers. The company's customers include leading biopharma manufacturers and compounding pharmacies that seek aseptic packaging solutions to meet regulatory requirements. Founded by Ger Smit, PennTech is now run by his son, Vincent Smit. It is based in Warminster, Penn., a Philadelphia suburb.
Mr. Fox commented, "PennTech has a well-respected position in the market and will allow SP Industries to offer an integrated solution for automated loading and unloading of freeze dryers for pharmaceutical, biotechnology, diagnostic and veterinary markets. Ger and Vincent's design vision and long tenure in the industry fit well with SP. We are excited about the opportunity the combination of PennTech and SP Industries brings as an integrated company."
"PennTech and SP Industries are a strong combination," said Bill Downs, president of SP Industries. "PennTech is known for elegantly simple designs with bullet-proof reliability, which fits very well with SP's leading brands."
Vincent Smit commented, "PennTech's product line, engineering expertise and broad capabilities around vial handling are a natural fit with SP's offerings. We are excited to go to market with a comprehensive and integrated offering for our customers. We also look forward to the operational resources we will gain through our partnership with Harbour Group."
About SP Industries
SP and its affiliated companies, headquartered in Warminster, Penn., became a part of Harbour Group last December. The company is a leading designer and manufacturer of state-of-the-art scientific equipment, biological drug manufacturing solutions and precision labware.
About Harbour Group
Harbour Group is a privately owned, operations focused company based in St. Louis, Mo. Harbour Group's companies are engaged in manufacturing and distribution in multiple industries, including flow and energy measurement, boiler systems, professional diagnostic and repair tools, specialty LED systems, niche distribution, logistics services, decorative kitchen and bath hardware, abrasives, diamond-cutting products and related tools, entertainment and music products, and auxiliary plastic processing equipment. Since its founding in 1976, Harbour Group has acquired 183 companies in 39 different industries.
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SOURCE Harbour Group