Skip to main content
Sister Publication Links
  • European Rubber Journal
  • Plastics News
  • Tire Business
Subscribe
  • Login
  • Register
  • Subscribe
  • News
    • Automotive
    • Tire
    • Non-Tire
    • Suppliers
    • Silicone
    • Online Exclusive
    • Latex
    • Technical Notebooks
    • Executive Action
    • Government/Legal
    • Opinion
    • Rubber Division IEC
    • ITEC
    • Blogs
    • Sustainability
    • Products
    • Wacky World of Rubber
  • War in Ukraine
  • Custom
    • Sponsored Content
    • White Papers
  • Resources
    • Directory
    • Classifieds & Mold Mart
  • Data
  • Events
    • RN Events
    • RN Livestreams/Webinars
    • Industry Events
    • Past Events
    • Rubber News M&A Live
    • 2022 Hose & Belt Manufacturers Conference
    • 2022 International Silicone Conference
    • 2022 International Tire Exhibition & Conference (ITEC)
  • Advertise
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. News
January 11, 2019 01:00 AM

Marion Process Solutions gets private equity owner

Audrey LaForest
Plastics News
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print
    Marion Process Solutions Inc.
    Marion Process Solutions Inc. makes industrial mixers, blenders and drying systems.

    MARION, Iowa—Marion Process Solutions Inc., a manufacturer of industrial mixers, blenders and microwave vacuum drying systems for the food, nutraceutical, mineral, plastics, chemical and biomass industries, has been acquired by Chicago-based private equity firm May River Capital L.L.C.

    The deal was completed Dec. 31. Terms were not disclosed.

    The Marion-based company previously was owned by Barry Boyer and Jim Hoke, who grew the business for more than 20 years before selling it to May River, according to a Jan. 8 news release. Marion CEO Lee Eilers will continue to lead the business going forward.

    "We've found the ideal partner in May River, who not only understands custom-engineered solutions, but also shares our passion for never sitting still," Eilers said in a statement. "As we remain dedicated to our mixing, blending and microwave technologies, we're also serious about diversifying and expanding our capabilities to deliver best-in-class process solutions."

    Marion was founded in 1938 in Marion, operating under the name Marion Mixers. The name was later changed to Marion Process Solutions to better represent the company's range of custom-made materials processing equipment. Customers include composite wood deck maker Trex Co. Inc., chemical company Saudi Basic Industries Corp., and materials firm RTP Co., among others.

    The company said the sale to May River can position it for more growth.

    "May River believes there is a terrific opportunity in front of Marion, and we're excited to partner with management and assist the company through its next phase of growth," Chip Grace, a partner at May River, said in a statement.

    "The former owners and the senior leadership team have built a very strong foundation at Marion through excellent customer service and innovative, market-leading products," Grace said. "We aim to build on this foundation by providing financial and strategic resources to the management team and employees to help accelerate the growth profile of the company."

     

    Letter
    to the
    Editor

    Rubber News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].

    Most Popular
    1
    Updated: Conti fined for compound mixer explosion, shears accident
    2
    Kumho on road to zero with sustainable products, operations
    3
    Stakes high as global NR industry urgently seeks alternate supply
    4
    Birla Carbon raising prices on carbon black products
    5
    Denka requests weaker chloroprene classification, but EPA won't budge
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Get our newsletters

    Staying current is easy with Rubber News delivered straight to your inbox, free of charge.

    Subscribe Today

    Subscribe to Rubber News to get the best coverage and leading insights in the industry.

    SUBSCRIBE
    Connect with Us
    • LinkedIn
    • Facebook
    • Twitter

    MISSION

    To serve companies in the global rubber product industry by delivering news, industry insights, opinions and technical information.

    Contact Us

    2291 Riverfront Pkwy, Suite 1000
    Cuyahoga Falls,
    OH 44221

    Customer Service:
    877-320-1726

    Resources
    • About Us
    • Digital Edition
    • Staff
    • Advertise
    • Order Reprints
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Partner Sites
    • Tire Business
    • European Rubber Journal
    • Plastics News
    • Plastics News China
    • Urethanes Technology
    • Automotive News
    • Crain Brands
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • News
      • Automotive
      • Tire
      • Non-Tire
      • Suppliers
      • Silicone
      • Online Exclusive
      • Latex
      • Technical Notebooks
      • Executive Action
      • Government/Legal
      • Opinion
      • Rubber Division IEC
      • ITEC
      • Blogs
        • Products
        • Wacky World of Rubber
      • Sustainability
    • War in Ukraine
    • Custom
      • Sponsored Content
      • White Papers
    • Resources
      • Directory
      • Classifieds & Mold Mart
    • Data
    • Events
      • RN Events
        • 2022 Hose & Belt Manufacturers Conference
        • 2022 International Silicone Conference
        • 2022 International Tire Exhibition & Conference (ITEC)
      • RN Livestreams/Webinars
      • Industry Events
      • Past Events
      • Rubber News M&A Live
    • Advertise
    • DIGITAL EDITION