Patricia Industries funds strategic add-on acquisition by Piab Group
Patricia Industries’ subsidiary Piab Group, a leading provider of gripping and moving solutions, has acquired Tianjin FeiYun Powder Equipment Co., Ltd (“FeiYun”), a leading Chinese provider of vacuum conveyors and complementary equipment, headquartered in Tianjin, China. FeiYun adds a portfolio of solutions and components for applications within the battery, pharma, chemical, food & beverage and additive manufacturing industries, highly experienced and skilled employees, a strong brand with high-quality standards, and many new customers to Piab Group.For the 12-month period ending