Warburg Pincus has agreed to acquire industrial equipment maker Duravant LLC from Odyssey Investment Partners. The deal comes as the manufacturing sector is seeing robust activity.
Downers Grove, Illinois-based Duravant manufactures food processing equipment, conveyor belts and automated packaging systems under the Afoheat, Arpac, Fischbein, FMH Conveyors, Hamer-Fischbein, Mespack, and Marlen International brands. The target serves the food and beverage, e-commerce, agriculture, consumer, pharmaceuticals and industrial sectors. Financial terms of the acquisition were not disclosed.