R-V Industries, a leading provider of industrial engineering and manufacturing solutions and parent company of MBC Aerosol, has announced the acquisition of R.W. Hartnett (Hartnett), located in Philadelphia in the US.
Hartnett, founded in 1880, is one of the most experienced sources for pharmaceutical, nutraceutical, and confectionary printing, laser writing/drilling, and vision inspection equipment.
“The Hartnett acquisition expands our products and services in the food and pharmaceutical industries,” said Kirk A. Putt, president and CEO of R-V.
“Anne and Keith Boyce have done a great job developing the Hartnett product line and servicing their clients worldwide. Together, with our other relevant divisions, we will scale and recognise efficiencies to provide the best industrial equipment and services to our clients.”
Proceeds from the financing will be utilised to refinance the company's existing credit facilities and fund additional working capital to finance its continued growth and capital expenditures
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