UK – Industrial Physics, a leading test and measurement instrument provider, announces the acquisition of Torus Group, a UK-based expert in quality control measurement systems and metrology.
This acquisition is a significant leap for Industrial Physics, bolstering its ability to serve as a quality partner to customers across a wide range of key markets, thereby enhancing their experience and the company’s growth potential.
The move supports the company’s ambitious growth strategy, which Chief Executive Officer Barry Lyon outlined upon his appointment in July 2023.
Torus Group is renowned for its strong portfolio of metal and rigid packaging measurements within the food and beverage industries. Recently, it has expanded into plastic packaging and medical devices.
Post-acquisition, Industrial Physics customers worldwide will gain access to an expanded suite of solutions, including test and measurement equipment, metrology services, and machine enclosure support, thereby broadening the company’s service offerings and potential benefits for its customers.
Barry Lyon, CEO of Industrial Physics, stated, “Packaging innovators need reliable test and measurement solutions to navigate the rapid development across the packaging industry and ensure the quality and safety of their products.
“We are proud to guide customers in various end markets and actively seek opportunities to expand our range of solutions.
“With over 20 years of experience and localized support teams for customers globally, Torus Group is a perfect addition to support our purpose: protecting the integrity of brands and products.”
Chris Freshman, Torus Group’s Director of Business Development, commented, “Joining Industrial Physics is an exciting opportunity for Torus Group. Our shared commitment to quality, safety, and innovation will significantly benefit our customers.
“With the acquisition now completed, we look forward to integrating with Industrial Physics’ global infrastructure to offer our customers an even greater suite of measurement systems and localized support.”
Last year, Industrial Physics was acquired by KKR-managed investment funds, with Dechert LLP advising on the deal.
Following the acquisition, KKR announced plans to support Industrial Physics in implementing a broad-based employee ownership program, allowing employees to benefit from owning a stake in the company.
This strategy is grounded in the belief that employee engagement is crucial to building stronger companies.
Since 2011, KKR has awarded billions of dollars in total equity value to over 60,000 non-management employees across more than 30 companies.
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