Automation, robotics and motion control group Tavoron announced Monday that it has acquired Fluidraulics Inc., an Ohio Valley distributor of pneumatic automation components.
Fluidraulics, founded in 1967, provides air cylinders, actuators, grippers, valves, fittings, sensors and other products to industrial and medical customers from its locations in the Pittsburgh and Cleveland areas.
Tavoron said that the deal would expand its operations in those markets, as well as bolster its broader motion control portfolio. Fluidraulics will maintain its current staff, vendors and service relationships while integrating into Tavoron’s business.
Terms of the deal were not disclosed.
"Fluidraulics brings more than five decades of fluid power expertise, longstanding vendor relationships and a strong reputation for service,” Tavoron CEO Nicholas Martino said in a statement.
"Our team remains committed to delivering the same responsive, knowledgeable support we've provided since 1967, now backed by an even broader platform,” added Fluidraulics CEO Paul Hodge.
The deal is Tavoron’s fifth since its acquisition by Los Angeles private equity firm Fusion Capital Partners early last year. The Minnesota-based group now includes 15 companies.
