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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