Warburg Pincus, a global private equity firm focused on growth investing, today announced that funds affiliated with the firm have entered into a definitive agreement to acquire Duravant LLC (duravant.com), a global automation and engineered equipment company serving the food processing, packaging and material handling sectors, from a fund managed by Odyssey Investment Partners.
Duravant is a global leader in developing, manufacturing and providing aftermarket support for engineered equipment and automation solutions. The company operates a portfolio of market-leading brands that serve the global food processing, packaging and material handling sectors including: Afoheat, Arpac, Fischbein, FMH Conveyors, Hamer-Fischbein, Mespack and Marlen International. Duravant serves customers and partners in over 190 countries worldwide, across sectors including food and beverage, e-commerce, agriculture, household goods, pharmaceuticals, distribution, and industrials.