Mergers & Acquisitions

Mergers & Acquisitions

Regal Beloit Acquires Rotor B.V.

BELOIT, Wis., Sept. 1 - Regal Beloit Corporation (NYSE:RBC) today announced that it has acquired Rotor B.V. headquartered in Eibergen, the Netherlands. Rotor sells standard and special electric motors to a variety of industries including the marine industry, ship building and offshore oil and gas. In addition to the Netherlands, Rotor also sells throughout Europe, the UK and Japan. The management...

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Mergers & Acquisitions

Sherwin-Williams Completes the Acquisition of Becker Acroma Industrial Wood Coatings

Leading Global Industrial Wood Coatings Innovator Joins S-W's Growing Global Finishes Group CLEVELAND, Sept. 1 - The Sherwin-Williams Company (NYSE:SHW) announced it has closed a definitive agreement to acquire Becker Industrial Products AB, a subsidiary of AB Wilh. Becker based in Sweden, which engages in the industrial wood coatings business. Headquartered in Stockholm, Sweden, Becker Acroma is...

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Mergers & Acquisitions

The Allied Defense Group Announces Completion of Asset Sale to Chemring

VIENNA, Va., Sept. 1 - The Allied Defense Group, Inc. (NYSE Amex: ADG) announced that it completed the previously announced sale of substantially all of its assets to Chemring. Chemring paid approximately $59.6 million in cash and assumed certain specified liabilities in exchange for all of the capital stock of Mecar sprl (formerly Mecar SA), a wholly owned subsidiary of ADG, and substantially...

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Mergers & Acquisitions

Unisys Announces Sale of UK-Based Insurance and Pension Processing Business

BLUE BELL, Pa., Sept. 1 - Unisys Corporation (NYSE:UIS) announced today that it has sold Unisys Insurance Services Limited (UISL) to Diligenta Limited, a subsidiary of Tata Consultancy Services Limited. UISL, which is headquartered in the UK and has operations in Liverpool and Bournemouth, provides business process outsourcing services to the UK life and pensions industry. Terms of the...

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Mergers & Acquisitions

H.C. Starck Sells Clevios to Heraeus

H.C. Starck GmbH, headquartered in Goslar, Germany, has signed a contract to sell its global Conductive Polymers Business Unit to Heraeus, Hanau, Germany. The Business Unit, which is based in Leverkusen, sells liquid polymer chemicals under the brand name Clevios. Due to their highly conductive nature, these chemicals are used in a wide range of applications, primarily in the electronics...

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Mergers & Acquisitions

CA Technologies to Acquire Arcot Systems, Inc., a Visionary in Fraud Prevention, Advanced Authentication

Acquisition Supports Cloud Strategy, Extends Market Opportunity for Leading Identity and Access Management Offerings ISLANDIA, N.Y., Aug. 30 - CA Technologies (NASDAQ: CA) today announced it has signed a definitive agreement to acquire privately-held Arcot Systems, Inc., a leader in providing advanced authentication and fraud prevention solutions through on premises software or cloud services, in...

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Mergers & Acquisitions

WPCS Addresses Buyout Offer

EXTON, Pa., Aug. 27 -- WPCS International Incorporated (NASDAQ:WPCS), a leader in design-build engineering services for communications infrastructure, has acknowledged a Schedule 13D/A filing made jointly by Riley Investment Partners L.P., Riley Investment Management LLC, B. Riley & Co., LLC, Bryant R. Riley, Lloyd I. Miller, III and Telecom Global Inc. (collectively, the Riley Group"), dated...

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Mergers & Acquisitions

Ghent Manufacturing Acquires WoodWare Furniture

Lebanon, Ohio (August 31, 2010) - Ghent Manufacturing, Inc. has announced the acquisition of Ephrata, Pennsylvania based WoodWare Furniture Company, a privately held manufacturer of furniture that is designed for use with education and business equipment, including computers and projectors. This expansion strengthens Ghent Manufacturing's position in furniture products and represents another...

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Mergers & Acquisitions

L.B. Foster and Portec Announce Second Amendment to Merger Agreement and Extension of Tender Offer

PITTSBURGH, Aug. 30 -- L.B. Foster Company ( L.B. Foster", Nasdaq: FSTR) and Portec Rail Products, Inc. ("Portec", Nasdaq: PRPX) today announced that they have executed a second amendment (the "Second Amendment") to the Agreement and Plan of Merger dated February 16, 2010 ("Merger Agreement"), which was initially amended on May 13, 2010. Pursuant to the Second Amendment, L.B. Foster and Portec...

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Mergers & Acquisitions

Spectra Energy Completes Acquisition of Bobcat Gas Storage Assets

HOUSTON, Aug. 31 - Spectra Energy Corp (NYSE:SE) has completed the previously announced $540 million acquisition of the Bobcat Gas Storage assets and development project (Bobcat) from Haddington Energy Partners III LP and GE Energy Financial Services. The company expects to invest an additional $400 to $450 million to fully develop the facility by the end of 2015, bringing the facility's total...

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