York, PA – Rich Freeh, CEO of RG Group, headquartered in York, PA, announced today the acquisition of Morse Fluid Technologies in Ramsey, New Jersey on June 7, 2018.
Morse Fluid Technologies, founded in 1970 is a leading provider of fluid processing and conveyance components and application engineered solutions. MFT has established long-term strategic distribution partnerships with world-class manufacturers for the medical device and life science, biopharmaceutical, semiconductor, high purity and water filtration markets, as well as factory automation and material handling. MFT has a rich history of providing key global customers with consulting and supply chain solutions ranging from product concept, market studies, FDA validation, focus and advocacy groups, packaging and sterilization.
Rich Freeh, President and CEO of RG Group, commented, “The combination of Morse Fluid Technologies and RG Group is a perfect fit for our goal of providing technical trusted expertise in our target markets to our premier customers. This really strengthens our ability to provide pneumatic, electronics and process products and services to our regional medical and bio-pharma customer base. The combination of RG and MFT offers our vendor partners and customers both distribution and manufacturing services and increases our market share in the New York, New Jersey, Pennsylvania, Maryland and Delaware markets. We could not be more pleased to offer the combined synergistic strength of both companies as a singular solution to our customers. We look for companies that have a demonstrated history of strong long-term relationships with both vendors and customers, and MFT checks all the boxes for us.”
Randy Gross, Executive Chairman of RG Group, commented, “I am excited to add the Morse Fluid Technologies team to our business model. We are firm believers in the acquisition model, and MFT is a core market strategic fit for us, adding value for our stakeholders, customers, vendor partners and our associates. We are very pleased to have Bruce and his team join our business.”
Bruce Ford, President of Morse Fluid Technologies said, “I believe RG Group was the best fit for us. The cultures of the businesses are very similar. RG understands the value of the Morse Fluid Technologies brand and market strategy, and they understand distribution and our value-added manufacturing service segment. RG also is committed to providing an exceptional customer experience and the MFT customers will now have access to a much broader product and service offering as we grow the Morse Fluid Technologies Division together. Most importantly, our long-term commitment to core values and the value of long-term relationships with key customers are shared by both companies’”