Industrial Opportunity Partners Exits FAS

Industrial Opportunity Partners has exited its investment in FAS Controls Inc., selling the company to Netherlands-based Kendrion NV. Terms of the deal were not released. FAS Controls is a maker of electromechanical devices, pneumatic control valves and lighting products used in commercial vehicles, diesel engines, powersport vehicles, and construction & agricultural equipment. IOP acquired the Company from Honeywell International in February 2007.

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