Cleveland, Ohio (January 8, 2016) - Emprise Partners announces that its client, Maradyne Corporation, a Dreison International company, has completed the acquisition of Filtration Products Corporation, Dayton, Minnesota. Filtration Products Corporation is a manufacturer of low and medium pressure hydraulic filters, filter housings and hydraulic reservoir accessories. Emprise Partners initiated this transaction and acted as the exclusive financial advisor to Maradyne Corporation and Dreison International.
John Berger, President of Maradyne, said, "Filtration Products Corporation was founded in Cleveland, Ohio in 1983 and is an extension of Maradyne's Marion Fluid Power business. Emprise Partners played a key role in initiating and negotiating this strategic acquisition which will be relocated back to Cleveland and consolidated into Maradyne's Ohio facility."
Filtration Products Corporation (www.filtrationproducts.com) supplies low and medium pressure hydraulic filtration products directly to Original Equipment Manufacturers and the aftermarket. These products include spin-on, cartridge and tank mounted filters, strainers, breathers and accessories.
Maradyne Corporation (www.maradyne.com) is a manufacturer of turbo® - air pre-cleaners; Pow-R-Quik - air and hydraulic starters; Greenlees Filter - air filters for military vehicles; Marion Fluid Power - hydraulic filters; and UORVA - upgrade kits for HUMVEE® and HUMMER® vehicles. Maradyne's products are used on mobile equipment such as heavy-duty trucks, buses, and off-road vehicles, as well as construction, mining, agricultural, and industrial equipment.
Dreison International, Inc. (www.dreison.com) manufactures proprietary component products that are marketed to both original equipment manufacturers and the aftermarket in the non-automotive transportation industry. Dreison's operating subsidiaries include Maradyne Corporation, DCM Manufacturing, and Von Weise LLC.
Emprise Partners (www.emprisepartners.us) is a merchant-banking firm that provides buy-side representation to corporations, private-equity groups, and industry specific management teams in the lower middle market. As a financial partner, it provides both advice and capital for the acquisition and growth of manufacturing businesses with proprietary products or defensible niche positions. Emprise Partners has completed over 50 buy-side transactions.