Mergers & Acquisitions

Mergers & Acquisitions

Rexnord to be Acquired by Apollo Management for $1.825 Billion

Milwaukee, WI-May 25, 2006 Rexnord Corporation, a leading manufacturer of precision motion technology products, today announced that an affiliate of the private equity firm, Apollo Management, has signed an agreement to purchase RBS Global, Inc., the corporate parent of Rexnord, for $1.825 billion from private equity firm The Carlyle Group and management. The transaction is subject to government...

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Mergers & Acquisitions

Industrial Scientific Acquires Oldham, S.A.

PITTSBURGH - Industrial Scientific Corporation, a leading designer and manufacturer of portable gas detectors and gas monitoring equipment, announced today it has acquired Oldham, S.A. of France from 3i Group PLC in an all-cash transaction. Further financial terms were not disclosed. We are delighted to welcome the people and customers of Oldham to Industrial Scientific," said Kent McElhattan,...

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Mergers & Acquisitions

Ametek Acquires Pennengineering Motion Technologies

Paoli, PA, -- AMETEK, Inc. has acquired PennEngineering Motion Technologies ( PMT"), a unit of Penn Engineering & Manufacturing Corporation, for approximately $64 million in cash. PMT, composed of the Pittman and M.A.E. SpA business units, is a leading designer and manufacturer of highly engineered motors for niche applications in the data storage, medical, electronic equipment, factory...

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Mergers & Acquisitions

Konecranes Inc. Subsidiary Acquires Majority Stake of U.S. Based MMH Holdings, Inc.

HMM Acquisition Corp., a wholly owned Konecranes Inc. subsidiary, has acquired 59.2% of the shares of MMH Holdings, Inc., the owner of U.S. based Morris Materials Handling, Inc. The total consideration amounts to apprx. USD 38.5 M. With over 120 years of history in North America, Morris Material Handling, Inc., is a recognised player in the maintenance service and overhead crane industry. Morris...

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Mergers & Acquisitions

Project-Based Manufacturers to Benefit from Acquisition of Encompix ERP Software by Made2Manage

5/22/2006 On Monday, March 13, 2006, Indianapolis-based Made2Manage Systems, Inc. completed its acquisition of Encompix, Inc. The acquisition was Made2Manage Systems' fifth during the past 20 months. When one software company acquires or merges with another, there are primarily three assets involved, the product(s), the customer base, and the employees. In the past many of these acquisitions...

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Mergers & Acquisitions

Cardinal Health Completes Acquisition Of Denver Biomedical, A Manufacturer Of Specialized Medical Devices

McGaw Park, Ill., May 23, 2006 - Cardinal Health, Inc. (NYSE: CAH), the leading provider of products and services supporting the health-care industry, today announced it has completed the acquisition of Denver Biomedical, Inc., a designer and manufacturer of specialized medical products for chronic fluid management in the chest and abdomen. Terms of the agreement were not disclosed. Based in...

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Mergers & Acquisitions

Spirax Purchases Flow Meter Company, AFTCO

BLYTHEWOOD, SC -Spirax Sarco, Inc., (SSI) has purchased Advanced Flow Technology Company (AFTCO) from AMJ Equipment Corp of Lakeland, Florida. Following the purchase, AFTCO will be merged into Spirax Sarco's EMCO Flow Systems division, which Spirax acquired in June 2005. The addition of AFTCO complements our existing range of flow meters," said Mark Vernon, SSI President. "AFTCO brings a unique...

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Mergers & Acquisitions

Mooresville Steeple Maker Purchases Competitor

Piedmont Fiberglass, Inc. Buys Amity Fiberglass Steeples Mooresville, NC-May 8, 2006- One of the nation's premier manufacturers of church steeples, Mooresville-based Piedmont Fiberglass, Inc., has purchased Amity Fiberglass Steeples of Stony Point, NC. This asset only purchase will allow Piedmont Fiberglass greater expansion in the small steeple market and further solidifies our commitment to the...

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Mergers & Acquisitions

Artesyn Shareholders Approve Acquisition by Emerson Electric

Boca Raton, Fla., April 28, 2006 - Artesyn Technologies, Inc. (Nasdaq: ATSN), a world leader in power conversion and embedded board solutions for communications infrastructure applications, announced today that its shareholders have voted to approve the acquisition via merger of Artesyn by Emerson Electric Co. At a special meeting of Artesyn shareholders held today, the merger was approved by...

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Mergers & Acquisitions

FlexLink Acquires TOPS Conveyor Systems in Canada

An agreement has been reached between FlexLink and TOPS Conveyor Systems, Inc., of Burlington, Ontario, covering the acquisition by FlexLink of all shares effective May 31. The new company will operate as FlexLink Systems Canada, Inc. TOPS Conveyor Systems employs 30 people and net sales were $8.2 million (CAD) in 2005. The acquisition follows FlexLink's growth strategy in the production...

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