Harbour Group buys SP Industries
ST. LOUIS – Harbour Group has acquired SP Industries, which, in 2014, bought Bel-Art Products, the parent company of Maddak. Warminster, Pa.-based SP Industries designs and manufactures scientific equipment, biological drug manufacturing solutions and precision labware. It has been part of Graham Partners’ portfolio since March 2011. "SP's brand strength, breadth of product and in-house manufacturing capabilities fit very well with our experience in the manufactured products sector," said Jeff Fox, chairman and CEO of Harbour. "We will accelerate their investment in new product development, geographical expansion and complementary acquisitions, as we have done with our companies for the last 40 years.” Terms of the deal were not disclosed.