Machine blade maker Edge Industrial Technologies has a new investor, the Falfurrias Capital Partners fund of Falfurrias Management Partners.
The companies announced the investment June 6 but did not disclose financial details. Edge said Falfurrias will bring new expertise to its technology for food-related markets.
Edge makes industrial machine knives and blades, industrial punches and related equipment for food processing, converting, printing and packaging. Edge's brands include TGW International, Pearl Technologies and Leverwood Knife Works.
Wilder, Ky.-based Edge is owned by Blue Wolf Capital Partners LLC of New York. Last year, Edge invested $3 million to double the size of its Leverwood plant in Red Lion, Pa., to 24,000 square feet. Edge has operations in North America, Europe, and Asia.
Edge CEO Robert Woodbury will join the Edge board of directors and Falfurrias executive Josh Slagle will take over as CEO. Blue Wolf partner Aakash Patel will continue with the Edge board.
Falfurrias Management Partners of Charlotte, N.C., was founded in 2006 by former Bank of America executives. It employs 42 and invests in growing, lower- and middle-market businesses.