Private equity firm SFW Capital Partners recently announced the recapitalization of lab equipment maker Caron Products and Services.
The financial terms of the deal were not disclosed.
Owned by the Christy family and management, Caron (Marietta, Ohio) manufactures a line of environmental testing chambers, incubators and growth chambers. The equipment goes toward FDA-required QA/QC stability testing during drug development and manufacturing, incubation in clean-room environments, and growth of samples in academic research.
“We are delighted to build on our success over the last decade and partner with SFW to continue to serve our customers with innovative laboratory products,” Caron CEO Steve Keiser said in a Jan. 12 news release.
“We are looking forward to leveraging SFW’s expertise and resources to help accelerate our product roadmap, enhance service and support infrastructure, and engage even more deeply with existing and new customers,” Keiser said.