Mergers & Acquisitions

Mergers & Acquisitions

SPX Strengthens High-Efficiency Commercial Heating Portfolio with Purchase of Patterson-Kelley

Strategic Acquisition Enhances New HVAC Product Development Capabilities CHARLOTTE, N.C. – (December 20, 2019) – SPX Corporation’s (NYSE: SPXC) subsidiary, The Marley Company, LLC, recently purchased Patterson-Kelley, a manufacturer and distributor of commercial boilers and water heaters. The strategic acquisition will broaden SPX’s HVAC platform in the high-efficiency boiler segment...

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Mergers & Acquisitions

Piab Group acquires TAWI Group to Become The Global Leader in Ergonomic Handling Solutions.

Taby, Sweden – Piab Group has entered into an agreement to acquire TAWI Group, a leading manufacturer of smart lifting solutions with global reach. Total sales for TAWI is expected to reach 340 MSEK in 2019. With more than 30 years of history, TAWI adds a solid complementary portfolio of products, very experienced and skilled employees, a strong network of distributors as well as many new...

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Mergers & Acquisitions

RPM Acquires Manufacturer of Food Stabilizers and Emulsifiers

MEDINA, Ohio--(BUSINESS WIRE)--Dec. 18, 2019-- RPM International Inc. (NYSE: RPM) today announced that its Mantrose-Haeuser Co., Inc. business has acquired Profile Food Ingredients, LLC, a manufacturer of dry stabilizer and emulsifier blends for the food industry. Headquartered in Elgin, Illinois, Profile Food Ingredients has annual net sales of approximately $25 million. Terms of the...

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Mergers & Acquisitions

Benshaw Inc. Acquires Aucom Electronics LTD

Pittsburgh, Dec. 17, 2019 /PRNewswire/ -- Benshaw Inc. has finalized an agreement to acquire Aucom Electronics LTD, a New Zealand based manufacturer of soft starters. The combined organization, headquartered in Pittsburgh, Pa., offers a full range of applied motor control solutions, and is the leading supplier of low and medium voltage soft starters worldwide. Global operations now include...

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Mergers & Acquisitions

UL Acquires HOMER Energy

Acquisition expands UL's portfolio of services in the distributed energy market NORTHBROOK, Ill., Dec. 17, 2019 /PRNewswire/ -- UL, a global safety science leader, announced the acquisition of Boulder, Colorado-based HOMER Energy, the world leader in modeling and optimization software for microgrids. The acquisition combines UL's experience and recognized thought leadership in solar,...

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Mergers & Acquisitions

Weyerhaeuser to Sell Montana Timberlands

SEATTLE, Dec. 17, 2019 /PRNewswire/ -- Weyerhaeuser Company (NYSE: WY) today announced an agreement to sell its 630,000 acres of timberland in Montana to a private timberland investment company for $145 million in cash. The company anticipates minimal tax liability in conjunction with the transaction. "The sale of our Montana acreage is part of our ongoing effort to strategically...

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Mergers & Acquisitions

Thorlabs Adds Crystalline Coating Capability

Newton, NJ and Santa Barbara, CA – December 12, 2019 – Thorlabs announced today that it has entered into a definitive agreement to acquire the business assets of Crystalline Mirror Solutions (CMS). CMS has pioneered the development of substrate-transferred single-crystal optical coatings. Mirrors fabricated with this proprietary direct-bonding process are capable of > 99.999% reflectivity and...

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Mergers & Acquisitions

DuPont to Acquire Desalitech

Wilmington, Del., Dec. 11, 2019 /PRNewswire/ -- DuPont (NYSE: DD) today announced it has signed an agreement to acquire Desalitech Ltd., a closed circuit reverse osmosis (CCRO) company. The transaction is expected to close in January 2020, subject to customary closing conditions and regulatory approvals. Financial terms of the agreement were not disclosed. "As a global leader in innovative...

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Mergers & Acquisitions

Nucor Acquires TrueCore Insulated Panels

Charlotte, N.C., Dec. 11, 2019 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced today that it is acquiring TrueCore, LLC (TrueCore), an insulated metal panel manufacturing company with a facility in Laurens, South Carolina. TrueCore produces insulated metal panels serving the cold storage market, with future plans for additional commercial and industrial applications. "This acquisition...

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Mergers & Acquisitions

Cybertrol Engineering Acquires ESE, Inc., Builds on Nationwide Control and Information Systems Integration Capabilities

Engineering firm uses plant automation to streamline factory operations Minneapolis, Dec. 11, 2019 /PRNewswire/ -- Full-service control, information, and industrial IT integration firm, Cybertrol Engineering, today announced the acquisition of ESE, Inc., a leading integrator in the food and beverage industry. Both companies are Rockwell Automation Solution Partners. The future of...

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