Filtration Group (Madison Industries) Acquires Flow Dry Technology
March 5, 2020
Filtration Group, a Madison Industries company, acquired Flow Dry Technology, a designer and manufacturer of desiccant bags, value-added assemblies, and moisture-protection solutions. The acquisition marks an exit for Argosy Private Equity, which had owned Flow Dry since 2014; Flow Dry is headquartered in Brookville, Ohio with additional manufacturing facilities in China and Hungary.
- Buyers
- Filtration Group, Madison Industries
- Targets
- Flow Dry Technology, Inc.
- Sellers
- Argosy Investment Partners V, L.P., Parallel fund managed by Argosy Private Equity
- Industry
- Manufacturing
- Location
- Ohio, United States
- Transaction Type
- Buyout
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