Electro Matic: RAF Fluid Power of Solon acquired by Electro-Matic Ventures Inc.

Rachel Abbey McCafferty - Farmington Hills, Mich.-based Electro-Matic Ventures Inc. has acquired RAF Fluid Power of Solon, according to a news release. Electro-Matic is a supplier of automation components and services, the release stated. RAF - which often does business as RAF Automation - also supplies automation products, particularly in pneumatics and robotics. This is Electro-Matic's first acquisition, the release noted. CEO Jim Baker said in the release that the deal gives Electro-Matic a "firm