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May River Capital, a Chicago-based investment firm, has acquired Cablevey Conveyors, a global producer of tubular drag conveyor systems based in Oskaloosa, Iowa. The acquisition aims to build a larger conveyance platform.
“Cablevey's focus on solving conveyance application challenges using our proprietary cable drag technology and the resulting dramatic growth has positioned the company as an anchor asset to build a larger conveyance platform.”cablevey.com
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