Mergers & Acquisitions

Mergers & Acquisitions

ROSS CONTROLS® Announces Acquisition of Pneumatrol Limited

TROY, MI – July 2019 – ROSS CONTROLS® is very pleased to announce the acquisition of Pneumatrol Limited (Pneumatrol) as of July 31, 2019. “We are ecstatic to add Pneumatrol to the ROSS group of companies. Pneumatrol’s focus of providing high quality, safe and innovative solutions to the Process, Rail and Industrial markets supplements ROSS’ long history in the pneumatic market. This...

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Mergers & Acquisitions

TransDigm Group Plans to Divest Esterline Interface Technologies Group of Businesses to an Affiliate of KPS Capital Partners, LP

CLEVELAND, Aug. 7, 2019 /PRNewswire/ -- TransDigm Group Incorporated (NYSE: TDG), a leading global designer, producer and supplier of highly engineered aircraft components, announced today that it has entered into a definitive agreement to sell its Esterline Interface Technologies (EIT) group of businesses to an affiliate of KPS Capital Partners, LP for approximately $190 million. EIT was...

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Mergers & Acquisitions

Alliance Laundry Systems Purchases Former Manitowoc Crane Facility

The action will help increase production at Ripon, Wis. plant RIPON, Wis., Aug. 6, 2019 /PRNewswire/ -- Alliance Laundry Systems, the global leader in commercial laundry equipment, has closed on its purchase of the former Manitowoc Crane Company plant in Manitowoc, Wis. The more than 330,000-square-foot Manitowoc location will be used to help grow production at the Ripon facility. Like...

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Mergers & Acquisitions

RTP Company Acquisition of ZEOTHERM® TPV Technology Expands Thermoplastic Elastomers Offerings

WINONA, MN USA - (August 6, 2019) - RTP Company, a global compounder of custom engineered thermoplastics, is pleased to announce the acquisition of the Zeotherm® TPV product line from Zeon Chemicals. The transaction, completed in May of 2019, encompasses all products sold globally under the Zeotherm TPV name. “This acquisition is just the latest step in our rapidly expanding Thermoplastic...

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Mergers & Acquisitions

Wynnchurch Capital Invests in Mid-America Fittings; Add-On Acquisition to Growing Distribution Platform

Wynnchurch Capital, LLC (“Wynnchurch”) announced today that it has completed the acquisition of Mid-America Fittings, Inc. (“MAF”). MAF will be part of a growing distribution platform that includes Anderson Metals, LLC (“Anderson”), Midland Metal Mfg. (“Midland”), and Buchanan Rubber Ltd. (“Buchanan”). The platform is a leading North American distributor of valves, fittings,...

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Mergers & Acquisitions

Danfoss Adds North American footprint for Electrification and Expands in The On-highway Market

After receiving final approval, Danfoss has announced the closing of the deal to acquire all outstanding common shares of UQM Technologies, Inc., a developer of alternative energy technologies.  UQM is a leading expert and the technology leader in motors and inverters in the power range of up to 250 kW. With the acquisition Danfoss adds an important and complementary technology to our current...

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Mergers & Acquisitions

Two Companies under One Roof

TQC Sheen UK and C&W Specialist Equipment are moving to a new premises together. From July 31 they share a new accommodation in Leominster, Herefordshire. By sharing a property, TQC Sheen and C&W can use each other's expertise to help their customers even better. Not only in terms of advice, but also in terms of service. The UK operations include sales, service and calibration on TQC Sheen...

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Mergers & Acquisitions

Modine to Sell Stake in Nikkei Heat Exchanger Company Joint Venture

RACINE, Wis., July 31, 2019 /PRNewswire/ -- Modine Manufacturing Company (NYSE: MOD), a diversified global leader in thermal management technology and solutions, announced today that it signed an agreement to sell its 50% stake in its Nikkei Heat Exchanger Company, Ltd. joint venture to its partner in the joint venture, Japan-based Nippon Light Metal Company, Ltd., (NLM). The sale is expected...

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Mergers & Acquisitions

Continental Resources Announces $85 Million Divestiture of Water Handling Facility In STACK And Strategic Initiatives

OKLAHOMA CITY, July 31, 2019 /PRNewswire/ -- Continental Resources, Inc. (NYSE: CLR) ("Continental" or the "Company") today announced the sale of its eastern STACK water gathering and recycling system in Blaine County, Oklahoma for $85 million to Lagoon Water Solutions ("Lagoon"). Along with the divestiture, Continental has entered into a long-term arrangement with Lagoon to provide water...

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Mergers & Acquisitions

Shell Completes Sale of Interest in the US Gulf of Mexico Caesar-Tonga Asset

HOUSTON, July 31, 2019 /PRNewswire/ -- Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, has completed the sale of 22.45% non-operated interest in the Caesar-Tonga asset in the US Gulf of Mexico to Equinor Gulf of Mexico LLC (Equinor), a subsidiary of Equinor ASA, subject to approval of the lease assignments by the regulator. The total cash consideration was $965...

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