Audax Group buys Dynisco from an affiliate of Madison Capital Partners
Dynisco, LLC is pleased to announce that it has been acquired by Audax Group of Boston, MA. Audax has acquired all of the Dynisco businesses, which include Dynisco Instruments and Dynisco Polymer Test both based in Franklin, MA, Dynisco Europe based in Heilbronn, Germany, and Dynisco Extrusion based in Hickory, NC from an affiliate of Madison Capital Partners of Chicago, IL.
Audax Group, established in 1999, is a premier source of investment capital for middle market companies. Audax manages a variety of equity and debt funds that it invests in companies at various stages of business growth.
Under Audax, Dynisco will be structured as a platform business upon which Audax plans to add multiple acquisitions in companies complementary to Dynisco's core businesses. These acquisitions plus the expanding recovery in the plastics machinery market will drive growth for Dynisco as it works to provide a more complete package of solutions to its broad base of customers.
Founded in 1953, Franklin, MA-headquartered Dynisco was the first to design a transducer specifically used to measure the melt pressure of plastic during manufacturing. With this innovation the company developed measurement and control devices for a wide range of plastics manufacturing processes. It also expanded into Europe and Asia and acquired new product lines, catapulting Dynisco into a leading global market position. The company has manufacturing facilities in the United States and in Germany. Dynisco serves a diverse group of customers throughout the world, including OEM's, resin producers, distributors and end users.
Used in high-use, high-wear conditions, Dynisco's measurement and control devices, or sensors, are essential for maintaining efficient, quality production of plastic and other products. Dynisco also produces transducers and transmitters for hydraulic and industrial applications. In addition, the company makes indicators and controllers such as electrical power supplies, analog and digital indicators, recorders, voltage-to-current converters and controllers for displaying and using data collected by transducers.
Dynisco's extrusion auxiliary equipment, marketed under Dynisco and Beringer brands, includes gear pumps, screen changers and other equipment that manage and control the flow of materials during manufacturing. These are used for resin production, the manufacturing of extruded products and extrusion applications of food products, rubber and adhesives.
The company also offers polymer test devices to test the physical and chemical properties of plastics in labs and in on-line resin production processes. Properties measured include viscosity and flow of molten plastic, temperatures and pressures at which plastics melt, flexibility, flammability and impact resistance.
Dynisco's test and measurement equipment is increasingly popular because it allows for better control of variability during manufacturing. Decreasing variability is of key importance as products become more advanced with even tighter tolerances.
Dynisco sells its products to OEMs that use Dynisco's products in new machines as well as to resin producers and end users served directly and through distributors. Dynisco's network of direct and distributor sales form a critical element of Dynisco's repair and replacement business by ensuring customers 24-hour worldwide access to critical parts.
With Audax as its new owners focused on growth, leading products and the highest level of customer service in the industry, Dynisco will continue to provide superior expertise and innovation to its customers worldwide.
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Topic world Sensor technology
Sensor technology has revolutionized the chemical industry by providing accurate, timely and reliable data across a wide range of processes. From monitoring critical parameters in production lines to early detection of potential malfunctions or hazards, sensors are the silent sentinels that ensure quality, efficiency and safety.
Topic world Sensor technology
Sensor technology has revolutionized the chemical industry by providing accurate, timely and reliable data across a wide range of processes. From monitoring critical parameters in production lines to early detection of potential malfunctions or hazards, sensors are the silent sentinels that ensure quality, efficiency and safety.
