Fort Worth-based Operio Group has acquired Elizabeth Carbide Die Co. Inc., Elizabeth HATA, and Scheu & Kniss, leading manufacturers of tablet tooling, tableting presses, blister pack tooling, turrets, and press parts, from the Elizabeth Companies.
Operio, an emerging holding company building a global body of brands supplying and supporting the solid dose manufacturing industry, said the acquisition marks a pivotal moment in its endeavor to become the top provider of solutions for solid dose manufacturers. No financial details were released.
“As I look at what Operio Group is quickly becoming, I am more confident than ever that we have the expertise in our group to be able to execute on our vision,” Operio Group CEO Alastair Sanderson said in a statement. “I feel that for the longest time, manufacturers have been underserved when taking on the challenges of solid dose formulations and production.”
Founded in 1954, Elizabeth has been known for delivering powder compaction solutions with exceptional quality.
“I’m delighted to announce the incorporation of three of our US plants into the Operio Group family,” Elizabeth companies’ President Kenneth Spiegel said in a statement. “The integration with Operio represents a significant milestone and serves as a catalyst for growth and innovation.”
By joining Operio Group, the Elizabeth companies are poised to incorporate into their plants state-of-the-art manufacturing machinery, the company said.
This shift towards advanced automation is a result of Elizabeth’s dedication to customer service, ensuring swift responses and faster deliveries, it said.
Elizabeth’s tablet press products also will complement Operio Group’s existing product offerings, ensuring comprehensive tableting solutions across various industries for solid dose manufacturers, Operio said.
This is Operio Group’s third acquisition in 14 months and was facilitated by The DVS Group and Stone Pier Capital Advisors.
“We enjoyed collaborating with the Operio Group team to run a process to find another key acquisition to continue the amazing acceleration of Operio Group’s growth,” The DVS Group Managing Partner Kevin Lindsey said in a statement.
“Stone Pier, as sell-side advisers to Elizabeth, teamed up with the DVS Group to bring together two privately held companies with similar values, combining the three US-based units of Elizabeth with the unique and highly successful business model of Operio,” Charlie Schliebs, a Stone Pier Capital Advisors managing director, said in a statement.
Operio Group said that with its growing portfolio of brands, the company is establishing its position as the premier partner for solid dose manufacturers.
“By bringing together experts in ingredients, machine spare parts and tooling we are now the only company in the world that is able to support our customers in a holistic way and truly be a partner rather than a vendor,” Sanderson said.
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