BRUNO BUYS SWEDISH MANUFACTURER Bruno Independent Living Aids, Oconomowoc, Wis, has purchased Autoadapt-Bev, AB, of Sweden. With this acquisition, Bruno has now become a multinational company with plants in Boras and Stenkullen, Sweden, as well as sales and distribution offices in Stockholm and Birmingham, England. The purchase also confirms Bruno’s confidence in Autoadapt’s Turning Automotive Seating™ products. FENA CLOSES EQUITY OFFERING FENA Design Inc, Plymouth, Minn, maker of the VERTRAN power standing mobility device, has closed on the first portion of an equity offering expected to total $3.6 million. With product development and testing complete, use of proceeds will be directed primarily toward sales and marketing. The deal was put together as a combination of funding from AAVIN Venture Capital, Cedar Rapids, Iowa, and Virchow Krause Capital LLC, Madison, Wis. SWIMEX GETS NEW OWNERSHIP An investment group has acquired the SwimEx division of TPI Composites Inc, Warren, RI. The new company, now known as SwimEx Inc, was launched in November. The investment group is composed of three people with previous ties to SwimEx: Everett A. Pearson, Edward R. Marchetti, and Steven M. DaSilva. Pearson is the founder of TPI, and DaSilva has been general manager of the SwimEx division for the past 8 years. He will serve as president and CEO of SwimEx Inc. The company plans to remain in its current headquarters in Warren. PEOPLE IN THE NEWS
