Dynisco: Change of ownership again
Polymer process measurement major Dynisco has been sold by venture capital owner Audax Group to Roper Industries of Duluth, in Georgia, for $243m. The deal, completed last month, ended two years of Dynisco’s ownership by Audax Group, of Boston, which had bought it from an affiliate of Madison Capital Partners.
Headquartered in Franklin, Massachusetts, Dynisco is a leading global supplier of software and measurement and control technologies to the polymer industry and 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. The business also owns Alpha Technologies, whose quality control measurement systems are widely used in the global rubber industry.
Roper Industries is a $1.5bn company supplying engineered products for a range of industries including water, energy, radio frequency and research/medical applications. Dynisco will become part of Roper’s Energy Systems and Controls segment under current president Larry Klumpp.
In March of last year, Dynisco sold its extrusion business, including screen changers, pelletisers and pumps, to Xaloy, for an undisclosed sum.