MARION, Iowa – Private equity firm May River Capital completed acquisition of Marion Process Solutions (“Marion” or “the company”) on December 31, 2018. Marion manufactures industrial mixers and blenders, as well as microwave vacuum drying systems, for customers in the food, nutraceutical, mineral, plastic, chemical and biomass industries. The company was founded in 1938 in Marion, Iowa, and operated as Marion Mixers before changing its name to better represent its range of custom-manufactured processing solutions. Former company owners, Barry Boyer and Jim Hoke, owned and grew the business for more than 20 years before deciding to sell it to May River in order to position the company for enhanced growth. Marion will continue operations under its current name, and Marion’s CEO, Lee Eilers, will continue to head...