R-V Industries Acquires Genesis Packaging Technologies
R-V Industries, Inc. (RVII) announced the purchase of Genesis Packaging Technologies, Exton, PA. Genesis Packaging Technologies is a worldwide leader in the science and technology of parenteral vial sealing and residual seal force testing. RVII will retain the Genesis employees and continue operations at its existing Exton, PA location as the “Genesis Packaging Technologies” division of RVII.
“The Genesis acquisition provides a great opportunity to realize the synergies between our organizations,” said Kirk Putt, president of R-V Industries. “The Genesis team has established their products and services as best-in-class within the pharmaceutical and life science markets. Both organizations saw the opportunity to partner the process expertise of Genesis with the resources and custom manufacturing strengths of RVII. We offer customers a U.S. based supplier who provides integrated engineering, manufacturing, testing and field service. Together we will continue to provide the highest quality equipment while offering unmatched service and delivery.”
Bill Seiler, President of Genesis, sees the acquisition as an opportunity for significant market penetration and growth. He states, “I am very excited to share in the resources RVII can provide Genesis for continued growth and expansion of the products and services we offer our customers. RVII is an extremely innovative company that will bring a wealth of skill, knowledge and experience to Genesis, it’s operations, employees, and customers in the parenteral vial sealing industry.”
”The merger represents R-V’s continued investment in the pharmaceutical and life science industry, joining the Beta Star Life Science Equipment Division of R-V Industries in supplying equipment to this continually growing industrial and commercial sector,” added Dave Larson, marketing manager of R-V Industries. The Beta Star Division, which has been a part of R-V Industries since its acquisition in 2006, manufactures and services steam sterilization equipment for the biomedical, pharmaceutical, research, and life science industries.
Founded in 1996, following its acquisition of the West Company’s Machinery Systems Division, Genesis Packaging Technologies is a leader in the science and technology of pharmaceutical vial processing and handling. In addition to providing a line of vial capping and residual seal force equipment, Genesis provides parts and service for all their machines along with those supplied by the former Machinery Systems Division of the West Company.
Founded in 1974, R-V Industries, Inc. with annual revenue of $50 million is a privately owned company headquartered in Honey Brook, PA with an additional manufacturing plant in Morgantown, PA, employing over 250 people company-wide. R-V Industries offers complete turnkey industrial design and manufacturing services to the Chemical, Custom Fabrication, Food & Beverage, Life Science, Nuclear, Oil & Gas, Pharmaceutical, Pulp & Paper, and Power Generation industries.