Mergers & Acquisitions

Mergers & Acquisitions

DENSO Wiper Systems to be Established to Offer Safer and More Reliable Wiper Systems

Nippon Wiper Blade to be merged with Asahi Manufacturing Kariya (Japan) ― DENSO Corporation today announced that Nippon Wiper Blade Co., Ltd. and Asahi Manufacturing Co., Ltd., both of which are subsidiaries of DENSO Corporation, will merge on October 1, 2019, and make a new start as DENSO Wiper Systems, Inc. With the auto industry undergoing a once-in-a-century transformation, the business...

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Mergers & Acquisitions

Johnson & Towers and Western Branch Diesel Announce Merger

Baltimore, Maryland, and Portsmouth, Virginia – June 28, 2019 – Johnson & Towers, Inc. and Western Branch Diesel, Inc. today announced that they have closed on a transaction merging the respective organizations. Johnson & Towers LLC and Western Branch Diesel LLC, along with Johnson Truck Center LLC and Dovell & Williams LLC, will all fall under the newly created INDEL POWER GROUP LLC. The...

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Mergers & Acquisitions

McDermott Provides Update on Asset Sale Process

HOUSTON, July 1, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today provided an update on its asset sale process. The company has completed the sale of Alloy Piping Products (APP), the distribution and manufacturing arm of its U.S. pipe fabrication business. APP maintains, distributes and manufactures an extensive inventory of commodity fittings and specialty piping...

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Mergers & Acquisitions

Pioneer Reaches Agreement to Sell Transformer Business for Approximately $65 Million

FORT LEE, N.J., July 1, 2019 /PRNewswire/ -- Pioneer Power Solutions, Inc. (Nasdaq: PPSI) ("Pioneer" or the "Company"), a company engaged in the manufacture, sale and service of electrical transmission, distribution and on-site power generation equipment, today announced that it has reached an agreement to sell its liquid filled and dry type transformer businesses to Mill Point Capital, a...

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Mergers & Acquisitions

HydroHoist and ShoreMaster Announce Merger

Marine Leaders Create World’s Largest Marine Equipment Manufacturer  Fergus Falls, Minn. and Claremore, Okla. – ShoreMaster, LLC (“ShoreMaster”) and HydroHoist Marine Group, Inc. (“HydroHoist”) are excited to announce the merger of their businesses. The combined product offering of these industry-leading brands covers the broadest spectrum of boat types, sizes and marine...

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Mergers & Acquisitions

Ardent Mills Announces Sale of Canadian Plant to Dawn Foods

DENVER, June 24, 2019 /PRNewswire/ -- Ardent Mills, the premier flour-milling and ingredient company, today announced a completed deal with Dawn Food Products Inc., a global bakery ingredient manufacturer and distributor. In the agreement, Dawn Foods has acquired an Ardent Mills ingredient mix facility in Burlington, Ontario to take over the sweet ingredient business and expand its Canadian...

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Mergers & Acquisitions

System Seals Aquires Austrian Seal Manufacturer

The purchase expands the company’s presence in Europe and taps new markets globally Cleveland – System Seals Inc., a research-based seal manufacturer, has acquired Plastoseal Produktions GmbH, an Austrian-based seal manufacturer focused on highly engineered sealing solutions. The acquisition enhances System Seals’ GlobalOne program – a comprehensive approach to managing supply chain...

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Mergers & Acquisitions

Sager Electronics to Acquire Technical Power Systems

MIDDLEBOROUGH, Mass. – June 24, 2019 – Sager Electronics, a leading North American distributor of Interconnect, Power and Electromechanical components and provider of value-add solutions, today announced it has entered into a purchase agreement to acquire Technical Power Systems (TPS), a specialist in the production of custom battery assemblies headquartered in Lisle, Illinois. Sager...

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Mergers & Acquisitions

Minimax Fire Products Now Part of The Viking Corporation

Hastings, Mich. – The Viking Corporation, a global leader in fire and life safety systems, announced today that the Minimax Fire Products brand is now part of Viking's Special Hazards line and will be distributed under the Viking name. The expanded line of special hazards products now includes clean agent suppression systems, advanced detection options, and other integrated systems for many...

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Mergers & Acquisitions

TRITEC Performance Solutions Announces Acquisition of Race-Tec and Blue Diamond

FENTON, Mich., June 19, 2019 /PRNewswire/ -- TRITEC Performance Solutions, a leader in the engineering and manufacture of sealing solutions and critical components, has recently acquired Race-Tec, supplier of custom-made, high performance sealing solutions and vibration isolation components. In addition, TRITEC also adds to its portfolio further with the acquisition of Race-Tec's sister...

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