Micromeritics Buys Microreactor Company

Norcross, GA 8/1/18—Micromeritics Instruments, which provides scientific instrumentation for materials characterization, has purchased Process Integral Development (PID Eng & Tech) for an undisclosed amount. Based in Spain, PID Eng & Tech develops and sells modular lab microreactors for measuring catalytic activity and studying chemical reaction yield and kinetics. It also supplies pilot plant reactors and other lab equipment. “We have been distribution partners for PID Eng & Tech for several years,” commented Micromeritics President Preston Hendrix. “This deepens our portfolio of products and services for the characterization of catalysts, where we are already active and have a large global base of customers. Additionally, PID Eng & Tech adds breadth to our organization by addressing adjacent workplaces within the markets we serve with their pilot plant, custom equipment and services offering.”

This is Micromeritics’ second acquisition this year (see IBO 6/30/18). Last year, the company completed a refinancing agreement of its credit facilities providing it with new financial flexibility, according to TM Capital. Micromeritics’ chemisorption (chemical adsorption) and physical adsorption instruments are used to test catalytic materials. PID Eng & Tech’s installed base includes over 400 units of its Microactivity Effi system, according to the company’s website.

 

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