Industrial Physics Acquires Ray-Ran Test Equipment
NEW CASTLE, DE — Industrial Physics ROW Holdings acquired Ray-Ran Test Equipment, based in the United Kingdom. Ray-Ran is a global manufacturer of materials testing equipment for the polymer industry. Industrial Physics is the parent company of: Testing Machines Inc., USA; CMC Kuhnke, Germany; Messmer Buchel, Netherlands; and FIBRO System AB, Sweden.
“We are very excited about this acquisition,” said Karl Boone, CEO of Industrial Physics. “Ray-Ran Test Equipment Ltd. is an excellent fit within our platform of material testing instrumentation. The Ray-Ran product portfolio will further expand our offerings to the Plastics industry. In keeping with our business structure,” said Boone, “we will maintain and build upon the Ray-Ran brand.”
“Industrial Physics is keeping my existing team in place and providing them the tools and capital to grow the business,” says Neill Rayson-Randle, former owner and managing director. “I am confident I am leaving the company in good hands and that will benefit our customers and our employees.”
Under its new ownership, Andrew Lineker will assume the position of Managing Director. “Ray-Ran is an outstanding organization with an excellent reputation in the marketplace,” said Lineker, who succeeds Neil Rayson-Randle as the managing director. “We are proud of the hard work and dedication of our employees, which have allowed our company to grow. We are certain the synergies between both companies will accelerate our future growth plans.”
For more information, visit www.testingmachines.com/industrial-physics-acquires-ray-ran-test-equipment-ltd