Madison Industries Acquires Ferry Industries

April 16, 2015

Chicago-based holding company Madison Industries has purchased Ferry Industries Inc., a Stow, Ohio manufacturer of rotational molding machinery, band-saws and CNC machining centers. Ferry's president and long-time owner Harry Covington will remain as president and retain an ownership stake; Madison plans to make Ferry the foundational company for its new Madison Industrial Solutions group to grow via complementary acquisitions.

Buyers
Madison Industries
Targets
Ferry Industries Inc.
Sellers
Harry Covington
Industry
Manufacturing
Location
Ohio, United States
Transaction Type
Buyout

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