Bel-Art Products Acquired
A Bel-Art representative told IBO that following the acquisition, SP Industries has a total of approximately 700 employees. Asked about overlapping product lines, she said there is little product overlap but many synergies, including the applications of SP Industries’ Wilmad-LabGlass’s glassware expertise to Bel-Art’s glass-related product lines such as thermometers.
Warminster, PA 6/30/14; Philadelphia, PA 7/2/14—SP Industries, a designer and manufacturer of lab equipment, biological drug–manufacturing solutions and specialty glassware, has acquired Bel-Art Products. Based in New Jersey, Bel-Art provides lab solutions for the scientific, industrial and health care end-markets, including 3,500 products sold under the Scienceware and H+B Instrument brand names. “We are excited at the increased opportunities to grow market share and will cross-market across brands and leverage each organization’s expertise in product development, operations, finance and supply-chain management,” stated SP Industries CEO Bill Downs. “What differentiates Bel-Art in its unique end market is its passionate commitment to innovation and quality,” remarked Rob Newbold, managing principal at Graham Partners, owners of SP Industries. “Bel-Art’s experience, superior customer service, strong brand name, and distribution relationships provide value and strength to the already reputable SP brand.” Bel-Art COO Brian Mahood will play a leadership role in sales, marketing and product management. Bel-Art Products President David Landsberger will join SP Industries’ Board of Directors.
