Flow Control Holdings, a portfolio company of Audax Private Equity and a supplier of sanitary flow parts to producers of foods, beverages and pharmaceuticals, has acquired Andron Stainless, a provider of sanitary stainless steel fittings, valves, tubing and accessories.
Andron is based in Columbia, S.C., and Mississauga, Ontario. The deal consists of the company’s Canadian operations and Andron Stainless Corp., based in the U.S. The addition of Andron is aligned with FCH’s goal to grow its product portfolio of sanitary flow parts and offer service levels to customers as its portfolio expands. Andron works to complement FCH’s existing footprint and help the combined company to better service the customer base as well as improve the fulfillment of their sanitary product offerings.
“The acquisition of Andron represents the third add-on since our initial investment last year,” comments Ryan Bruehlmann, Audax Private Equity managing director. “Not only does the combination represent a compelling fit, but we believe the addition of Andron should add tremendous business momentum that complements the team’s organic growth initiatives.”