Mergers & Acquisitions

Mergers & Acquisitions

Drew Industries Acquires Manufacturer of Patented Motorhome Steps

WHITE PLAINS, N.Y., May 22: Drew Industries Incorporated (NYSE:DW) today announced that its wholly-owned subsidiary Lippert Components, acquired the assets and business of Ft. Worth-based Coach Step, a manufacturer of patented electric steps for motorhomes. The purchase price was approximately $3 million, which Drew financed from its available cash. As with all of our acquisitions, we expect this...

Read More »
Mergers & Acquisitions

II-VI Incorporated Announces Agreement to Acquire Pacific Rare Specialty Metals & Chemicals, Inc.

PITTSBURGH, May 17 / -- II-VI Incorporated (NASDAQ:IIVI) announced today it has executed a definitive stock purchase agreement whereby a wholly owned subsidiary of II-VI Incorporated (II-VI) will acquire substantially all of the equity interests of Pacific Rare Specialty Metals & Chemicals, Inc. (PRSMC) in exchange for cash. The transaction is expected to close in II-VI's first fiscal quarter...

Read More »
Mergers & Acquisitions

NETGEAR® Completes Acquisition of Infrant

SANTA CLARA, Calif., May 17 / -- NETGEAR, Inc. (NASDAQ:NTGR), a worldwide provider of technologically advanced, branded networking products, today announced that it has completed the acquisition of privately-held Infrant Technologies, Inc. of Fremont, California. On May 2, 2007, NETGEAR executed a definitive agreement to acquire Infrant, a provider of networked attached storage products that...

Read More »
Mergers & Acquisitions

EnerSys Acquires Bulgarian Battery Company

READING, Pa., May 18 / -- EnerSys (NYSE:ENS), the world's largest manufacturer, marketer, and distributor of industrial batteries, today announced that it has completed the acquisition of Energia AD, a producer of industrial batteries, located in Targovishte, Bulgaria. The total purchase price for this transaction including transaction fees is approximately 13 million euro, approximately $17...

Read More »
Mergers & Acquisitions

Patrick Industries Completes Acquisition of Adorn, LLC

ELKHART, Ind., May 21: Paul E. Hassler, President and CEO of Patrick Industries, Inc. (NASDAQ:PATK) today announced that Patrick has completed the acquisition of Adorn, LLC, a manufacturer and supplier of interior components to the recreational vehicle (RV) and manufactured housing (MH) industries. Mr. Hassler said, The completion of this acquisition marks the largest acquisition in our history...

Read More »
Mergers & Acquisitions

Sentry Equipment Corp Sells Tank Cleaner Product Line to Tanker Wash Systems, Inc.

Oconomowoc, Wisconsin (May 16, 2007) - Sentry Equipment Corp, the leading worldwide supplier of sampling components and systems for over 80 years, announced the sale of its tank cleaner product line to Tanker Wash Systems, Inc. of Sandwich, Illinois. Sentry Equipment is a well-known international manufacturer and supplier of sampling equipment and sampling solutions for the power generation and...

Read More »
Mergers & Acquisitions

ITW Acquires Tregaskiss Welding Products

GLENVIEW, Ill. May 22: Illinois Tool Works Inc. (NYSE: ITW) announced that as of May 18, 2007, it has acquired Tregaskiss Welding Products of Windsor, Ontario, Canada. Tregaskiss is a leading manufacturer of robotic and semi-automatic MIG welding torches and peripherals. Terms of the transaction were not disclosed. Tregaskiss, a privately held company, employs 179 people and offers its products...

Read More »
Mergers & Acquisitions

Magtrol SA Acquires Reznicek & Hlach SA

Magtrol SA, a leading manufacturer of test and measurement equipment, has acquired the company Reznicek & Hlach SA on May, 1st 2007. Founded in 1977 by Mr. Reznicek and Mr. Hlach, the company is active in developing and producing sensors for diverse force measurement applications ranging from miniature force transducers for the watch-making industry to complete force surveying solutions for...

Read More »
Mergers & Acquisitions

AEP Completes Purchase of Lawrenceburg Plant

COLUMBUS, Ohio, May 16 / -- American Electric Power, through its AEP Generating Co. subsidiary, today completed the purchase of the Lawrenceburg Generating Station in Indiana from an affiliate of Public Service Enterprise Group. The purchase, valued at approximately $325 million, was announced in January. The Lawrenceburg plant, adjacent to AEP's Tanners Creek Plant in Lawrenceburg, Ind., is a...

Read More »
Mergers & Acquisitions

Cleveland-Based State Industrial Products Acquires Ohio Soap Products

CLEVELAND, May 17 /-- Cleveland-based State Industrial Products, which operates manufacturing and distribution centers throughout North America, has acquired Ohio Soap Products of Parma, Ohio, a Cleveland suburb. Ohio Soap is a manufacturer and distributor of institutional ware washing equipment and cleaning products with $10 million in annual sales and 100 employees. The synergies between State...

Read More »