SP Industries acquired by Graham Partners

Graham Partners has acquired SP Industries, a designer and manufacturer of medical equipment and components used in pharmaceutical development and production. SP's two primary product categories include laboratory and pharmaceutical research and production equipment as well as laboratory glassware and precision glass components. The company's principal end markets include the pharmaceutical, educational, industrial, and OEM markets.

SP manufactures products that play a vital role in the new drug development process, which is a critical growth engine of the pharmaceutical industry. Moreover, as advanced medical care becomes more accessible around the globe and as the world's population ages, the rate of new drug development is projected to increase. The current industry conversion toward biologic and therapeutic protein drugs also aides SP, as virtually all therapeutic proteins depend on freeze drying, an area in which SP is a market leader.