Manufacturing Buyout Acquisitions in 2020
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December 31, 2020
- Buyer
- Ennis, Inc.
- Target
- Infoseal LLC
- Seller
- Infoseal LLC
- Industry
- Manufacturing
- Location
- Virginia, United States
- Type
- Buyout
Ennis, Inc. announced that a wholly owned subsidiary has entered into a letter of intent to acquire the assets and assume certain liabilities of Infoseal LLC, a Roanoke, Virginia producer of pressure-seal and tax forms. The Infoseal business will continue to operate under the Infoseal brand at its current facility and Ennis expects the acquisition to be accretive to earnings in the current year.
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- Buyer
- Behrens Investment Group
- Target
- Gorham Paper & Tissue, White Mountain Tissue
- Industry
- Manufacturing
- Location
- New Hampshire, United States
- Type
- Buyout
Behrens Investment Group, a New York–based investment firm, acquired the assets of Gorham Paper & Tissue and White Mountain Tissue (the Gorham mill) at the end of 2020. The mill will operate as White Mountain Paper Company under new leadership and Behrens plans significant infrastructure and sustainability investments to modernize production and grow tissue and towel output for the North American market.
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December 31, 2020
- Buyer
- Investor group led by KFT management
- Target
- KFT Fire Trainer
- Seller
- Keystone Capital
- Industry
- Manufacturing
- Location
- New Jersey, United States
- Type
- Buyout
KFT Fire Trainer, a Montvale, New Jersey-based maker of computer-controlled live-fire training systems, was sold by Keystone Capital to an investor group led by KFT management. Greenwich Capital Group served as exclusive financial advisor to Keystone Capital on the transaction.
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December 30, 2020
- Buyer
- Edgewater Capital Partners, Patriot Capital
- Target
- Naprotek, LLC
- Industry
- Manufacturing
- Location
- California, United States
- Type
- Buyout
Edgewater Capital Partners completed an investment to acquire Naprotek, a San Jose-based electronic manufacturing services (EMS) company specializing in quick-turn printed circuit board assembly for high-reliability applications. Patriot Capital provided subordinated debt and an equity co-investment alongside Edgewater and Naprotek's management team to support the transaction and future growth.
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December 30, 2020
- Buyer
- Skylark Private Equity Partners
- Target
- Claridge Products
- Seller
- Clavey family
- Industry
- Manufacturing
- Location
- Arkansas, United States
- Type
- Buyout
Skylark Private Equity Partners completed an investment in Claridge Products, a U.S.-based manufacturer of writing surfaces and related solutions for K-12 schools and commercial customers. The Claridge business — long-owned by the Clavey family — will be led operationally by Marcus McNew in partnership with Skylark to accelerate product and manufacturing growth.
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December 28, 2020
- Buyer
- UFP Industries, Inc., UFP Industrial, LLC
- Target
- PalletOne, Inc.
- Industry
- Manufacturing
- Location
- Florida, United States
- Type
- Buyout
UFP Industries, through its subsidiary UFP Industrial, LLC, acquired 100% of PalletOne, Inc. for approximately $232 million, with PalletOne's management team (including President Howe Wallace) remaining in place. The acquisition expands UFP's industrial packaging and pressure-treated lumber capabilities, adding PalletOne's 17 manufacturing locations (22 total sites across affiliates), Sunbelt Forest Products and SunOne Logistics, and more than 1,500 employees.
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December 28, 2020
- Buyer
- Pentair plc
- Target
- Be the Change Labs, Inc. (d/b/a Rocean)
- Industry
- Manufacturing
- Location
- New York, United States
- Type
- Buyout
Pentair plc has completed the acquisition of Be the Change Labs, Inc., d/b/a Rocean, a maker of smart countertop water-filtration devices. The deal expands Pentair's residential and commercial water-treatment product portfolio and strengthens its sustainability-focused offerings.
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December 23, 2020
- Buyer
- LCI Industries (through Lippert Components, Inc.)
- Target
- Veada Industries, Inc.
- Seller
- Bob Steury, Doug Steury
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Buyout
LCI Industries, through its wholly-owned subsidiary Lippert Components, Inc., has acquired Veada Industries, a New Paris, Indiana-based manufacturer and distributor of boat seating and marine accessories. The acquisition expands LCI's marine seating capabilities and capacity and represents the fifth marine-sector acquisition by LCI since 2015; former owners Bob and Doug Steury were cited in the announcement.
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December 23, 2020
- Buyer
- KPS Capital Partners, LP
- Target
- Hussey Copper (Libertas Copper, LLC)
- Seller
- Zohar III, Ltd., Ark II CLO 2001-1, Ltd.
- Industry
- Manufacturing
- Location
- Pennsylvania, United States
- Type
- Buyout
KPS Capital Partners, through a newly formed affiliate, has completed the acquisition of Libertas Copper, LLC (operating as Hussey Copper) from Zohar III, Ltd. and Ark II CLO 2001-1, Ltd., following Bankruptcy Court approval. KPS said it will leverage Hussey Copper’s manufacturing capabilities and brand to grow the business organically and via strategic acquisitions.
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December 21, 2020
- Buyer
- Aceto U.S., LLC
- Target
- IsleChem, LLC
- Industry
- Manufacturing
- Location
- New York, United States
- Type
- Buyout
Aceto U.S., LLC has acquired IsleChem, a Grand Island, New York-based chemical manufacturer and contract R&D provider. The acquisition adds U.S. manufacturing, analytical and R&D capabilities to Aceto’s global specialty-chemicals sourcing and distribution platform and supports expansion of IsleChem’s facility and workforce.
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December 16, 2020
- Buyer
- Acme United Corporation
- Target
- Med-Nap LLC
- Seller
- Med-Nap LLC
- Industry
- Manufacturing
- Location
- Florida, United States
- Type
- Buyout
Acme United Corporation acquired the assets of Med-Nap LLC, a Brooksville, Florida-based manufacturer of alcohol prep pads, antiseptic wipes and related cleaning products. Med-Nap reported estimated 2020 revenues of approximately $4.9 million and EBITDA of about $1.0 million, employs 25 people, and the acquisition provides Acme with an FDA-registered U.S. manufacturing facility and new product lines; purchase price was not disclosed.
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December 15, 2020
- Buyer
- Charger Investment Partners
- Target
- Advanced Composite Products and Technology, Inc.
- Seller
- Leslie family
- Industry
- Manufacturing
- Location
- California, United States
- Type
- Buyout
Charger Investment Partners acquired a majority stake in Advanced Composite Products and Technology, Inc. (ACPT), a Huntington Beach, California-based manufacturer of engineered composite structures. Charger will partner with ACPT's management and the Leslie family to accelerate growth and expand ACPT's leadership across defense, aerospace, automotive and marine end markets; financial terms were not disclosed.
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December 14, 2020
- Buyer
- The Jordan Company, L.P.
- Target
- Potters Industries, LLC
- Seller
- PQ Group Holdings, Inc.
- Industry
- Manufacturing
- Location
- Pennsylvania, United States
- Type
- Buyout
The Jordan Company L.P. (through an affiliate) closed its acquisition of Potters Industries, LLC, the Performance Materials segment of PQ Group Holdings, Inc. Potters is a global manufacturer of engineered glass materials (notably glass microspheres and highway-safety beads) with a network of 28 production facilities; TJC said it will support Potters' growth through organic initiatives and selective acquisitions.
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December 14, 2020
- Buyer
- QuickConnect
- Target
- BOREHEAD
- Seller
- Dave Ziola (BOREHEAD President/Owner)
- Industry
- Manufacturing
- Location
- Minnesota, United States
- Type
- Buyout
QuickConnect, a West Concord, Minnesota manufacturer of pull heads and trenchless pipe installation equipment, has acquired BOREHEAD. BOREHEAD will become a division of QuickConnect (doing business as QuickConnect) to combine resources and expand product capabilities for trenchless operations.
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December 13, 2020
- Buyer
- Pedrollo Group
- Target
- Superior Pump (Michel Sales, Inc.)
- Industry
- Manufacturing
- Location
- Minnesota, United States
- Type
- Buyout
Italy-based Pedrollo Group acquired a 70% stake in Superior Pump (trading as Michel Sales, Inc.), a Minneapolis-headquartered designer and manufacturer of residential and commercial water pumps. The deal gives Pedrollo a significant foothold in the North American market and is expected to create operational synergies across manufacturing, distribution and sales.
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December 11, 2020
- Buyer
- Ensto
- Target
- Renley Ltd
- Industry
- Manufacturing
- Location
- County Meath, Ireland
- Type
- Buyout
Ensto has acquired the entire share capital of Renley Ltd, an Irish manufacturer of low- and medium-voltage distribution products based in Dunboyne. The purchase strengthens Ensto's DSO-focused offering and expands its market presence and customer network in Ireland and the United Kingdom; financial terms were not disclosed.
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- Buyer
- Stratasys Ltd.
- Target
- Origin Inc.
- Industry
- Manufacturing
- Location
- California, United States
- Type
- Buyout
Stratasys Ltd. signed an agreement to acquire 3D printing start-up Origin Inc. for up to $100 million (cash and stock), with $60 million paid on closing and $40 million in performance-based earnouts. The deal brings Origin's Programmable PhotoPolymerization (P3) platform and Origin One systems into Stratasys' portfolio to accelerate its push into mass production polymer additive manufacturing across markets such as dental, medical and industrial.
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December 8, 2020
- Buyer
- Saothair Capital Partners, Ocean Avenue Capital Partners, Farragut Capital Partners
- Target
- Arandell Corporation
- Industry
- Manufacturing
- Location
- Wisconsin, United States
- Type
- Buyout
Saothair Capital Partners, in partnership with Ocean Avenue Capital Partners (and with involvement from lender Farragut Capital Partners), acquired the business and assets of Arandell Corporation through a newly formed affiliate via a Section 363 sale out of Chapter 11. Arandell, a Menomonee Falls, Wisconsin-based catalog and brochure printer with ~530 employees, will continue under existing management with Saothair providing capital to restructure the balance sheet and invest in future growth.
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December 7, 2020
- Buyer
- The Carlyle Group
- Target
- Acrotec Group
- Seller
- Castik Capital
- Industry
- Manufacturing
- Location
- Jura, Switzerland
- Type
- Buyout
The Carlyle Group has agreed to acquire the Acrotec Group, a Swiss precision engineering and contract manufacturer, from Castik Capital in a deal expected to close in Q1 2021. Carlyle will partner with Acrotec's management to accelerate growth, expand the company's MedTech capabilities and pursue geographic expansion in Europe and the United States.
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December 5, 2020
- Buyer
- Guardian Capital Partners
- Target
- Havis, Inc.
- Seller
- Principal family owners
- Industry
- Manufacturing
- Location
- Pennsylvania, United States
- Type
- Buyout
Guardian Capital Partners has invested in Havis, Inc., a Warminster, Pennsylvania-based designer and manufacturer of ruggedized mobile workforce solutions, partnering with the company's executive management team and principal family owners. The investment will fund operational and strategic initiatives, new product development and potential add-on acquisitions to accelerate growth.
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December 4, 2020
- Buyer
- Atlas Holdings
- Target
- LSC Communications, Inc.
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
Atlas Holdings has completed the acquisition of substantially all assets of LSC Communications through a court-supervised Section 363 sale. The deal gives Atlas control of a leading North American print and digital media solutions provider with more than 14,000 employees and an expanded manufacturing and distribution footprint across books, magazines, catalogs and office products.
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December 3, 2020
- Buyer
- The Smaller Mid‑Cap Fund (TSM) (advised by Triton), Triton Partners
- Target
- Inwerk GmbH
- Industry
- Manufacturing
- Location
- North Rhine-Westphalia, Germany
- Type
- Buyout
The Smaller Mid‑Cap Fund (TSM), advised by Triton, has acquired a majority stake in Inwerk GmbH, a German developer, manufacturer and omnichannel retailer of professional office furniture. Financial terms were not disclosed; Triton said the investment will support Inwerk’s continued growth, product innovation and regional expansion.
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November 30, 2020
- Buyer
- MiddleGround Capital
- Target
- Shiloh Industries, Inc.
- Industry
- Manufacturing
- Location
- United States
- Type
- Buyout
MiddleGround Capital acquired a majority ownership stake in Shiloh Industries, Inc., a global designer and manufacturer of lightweighting solutions for the mobility (automotive) market. The transaction is a platform buyout to support Shiloh’s growth in lightweight materials and electrification technologies; Shiloh employs roughly 3,450 people and operates globally across Asia, Europe and North America.
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November 30, 2020
- Buyer
- Great Range Capital
- Target
- The Realm, Inc.
- Seller
- Chris Barton
- Industry
- Manufacturing
- Location
- Iowa, United States
- Type
- Buyout
Great Range Capital completed the acquisition of The Realm, Inc., a Newton, Iowa-based custom manufacturer and distributor of pallets and wood crating that also recycles wood waste and produces wood mulch. The transaction closed on November 30, 2020, with Generational Equity advising the seller (led by Chris Barton).
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November 30, 2020
- Buyer
- Patrick Industries, Inc.
- Target
- Taco Metals, LLC
- Seller
- Kushner family (Jon, Bill and Mike Kushner)
- Industry
- Manufacturing
- Location
- Florida, United States
- Type
- Buyout
Patrick Industries, Inc. completed the acquisition of Taco Metals, LLC, a Miami-based manufacturer of marine products and accessories. Taco, a family-owned business for over 60 years, is projected to have approximately $40 million in 2020 revenue and will operate as a stand-alone brand within Patrick to expand its marine and aftermarket platform.
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November 30, 2020
- Buyer
- PPG
- Target
- Ennis-Flint
- Seller
- Olympus Partners
- Industry
- Manufacturing
- Location
- North Carolina, United States
- Type
- Buyout
PPG has agreed to acquire Ennis-Flint, a global leader in pavement markings and traffic safety solutions, from Olympus Partners. Under Olympus' ownership since June 2016, Ennis-Flint completed six acquisitions, expanded manufacturing capacity across North America, Europe and Australia, and employs nearly 1,000 people.
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November 30, 2020
- Buyer
- American Securities LLC
- Target
- CPM Holdings Inc.
- Industry
- Manufacturing
- Location
- Iowa, United States
- Type
- Buyout
American Securities LLC has closed its acquisition of CPM Holdings Inc., partnering with CPM's management team; financial terms were not disclosed. CPM, headquartered in Waterloo, Iowa, is a global supplier of engineered process equipment for the animal feed, oilseed processing, extrusion and thermal processing markets, and American Securities plans to invest in product innovation, geographic expansion and aftermarket growth.
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November 30, 2020
- Buyer
- DexKo Global, AL-KO Vehicle Technology, KPS Capital Partners
- Target
- Nordelettronica S.r.l.
- Seller
- Nordelettronica shareholders
- Industry
- Manufacturing
- Location
- Veneto, Italy
- Type
- Buyout
DexKo Global, through its subsidiary AL-KO Vehicle Technology, has acquired Italian electronics specialist Nordelettronica S.r.l., expanding AL-KO’s product portfolio in electronic components for recreational vehicles and industrial electronics. The deal (closed November 30, 2020) brings Nordelettronica’s two development and production sites in Italy and Romania into the DexKo group; financial terms were not disclosed.
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November 24, 2020
- Buyer
- Husqvarna Group
- Target
- Blastrac
- Industry
- Manufacturing
- Location
- Utrecht, Netherlands
- Type
- Buyout
Husqvarna Group’s Construction Division has signed an agreement to acquire Blastrac, a global provider of surface preparation technologies. The acquisition expands Husqvarna’s surface-preparation offering and complements its product portfolio to better serve construction and remediation customers worldwide.
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November 23, 2020
- Buyer
- Sagepeak Capital, LLC
- Target
- ENMET, LLC
- Seller
- Benford Capital Partners, LLC
- Industry
- Manufacturing
- Location
- Michigan, United States
- Type
- Buyout
Sagepeak Capital, a Boston-area private investment firm, has acquired ENMET, LLC, a manufacturer of hazardous gas detection equipment, from Benford Capital Partners. Benford Capital had owned ENMET since 2014, during which it completed growth initiatives including an add-on acquisition of Sensora Corporation; Sagepeak is the new financial sponsor to support the company’s next growth chapter.
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November 23, 2020
- Buyer
- Valesco Industries
- Target
- Barrier1 Systems, Inc.
- Seller
- Founding shareholder / Founder and management
- Industry
- Manufacturing
- Location
- North Carolina, United States
- Type
- Buyout
Valesco Industries (Valesco Fund II) completed a majority buyout of Barrier1 Systems, Inc., a Greensboro, North Carolina-based designer, manufacturer, installer and servicer of crash-rated vehicle barrier systems and perimeter security solutions. Valesco is supporting a control recapitalization and will partner with the founder and management to improve operations, sales/marketing and reporting while pursuing growth in the global physical security market.
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November 20, 2020
- Buyer
- Lippert Components, Inc., LCI Industries (NYSE: LCII)
- Target
- Challenger Door, LLC
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Buyout
Lippert Components, Inc., a wholly-owned subsidiary of LCI Industries (NYSE: LCII), acquired substantially all of the business assets of Challenger Door, LLC, a Nappanee, Indiana-based manufacturer and distributor of branded doors for the RV, cargo, and transit trailer markets. The acquisition expands Lippert's product portfolio and manufacturing capacity to better serve OEM and aftermarket customers in the recreational and transportation industries.
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November 19, 2020
- Buyer
- Arcline Investment Management
- Target
- Evans Capacitor Company
- Industry
- Manufacturing
- Location
- Rhode Island, United States
- Type
- Buyout
Arcline Investment Management, a growth-oriented private equity firm, has acquired Evans Capacitor Company, a designer and manufacturer of high-reliability, power-dense capacitors based in East Providence, Rhode Island. Arcline said Evans will be the first of several acquisitions as it builds a specialty electronic components platform and has named Kevin Perhamus as CEO of the platform; Houlihan Lokey served as financial advisor to Arcline.
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November 19, 2020
- Buyer
- Gryphon Investors
- Target
- Kano Laboratories
- Industry
- Manufacturing
- Location
- Tennessee, United States
- Type
- Buyout
Gryphon Investors has acquired Kano Laboratories, the Nashville-based maker of Kroil and AeroKroil penetrating oils and lubricants. Gryphon said it will build a branded specialty chemicals platform around Kano, appointing Sevan Demirdogen as CEO and naming Mike Irwin as Executive Chairman; financial terms were not disclosed.
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November 19, 2020
- Buyer
- IES Holdings, Inc.
- Target
- Wedlake Fabricating, Inc.
- Seller
- Brian Wedlake, Sr. / Wedlake family
- Industry
- Manufacturing
- Location
- Oklahoma, United States
- Type
- Buyout
IES Holdings, Inc. acquired Wedlake Fabricating, a Tulsa, Oklahoma-based manufacturer of custom generator enclosures. Wedlake will operate within IES's Infrastructure Solutions segment, with Brian (Bo) Wedlake, Jr. promoted to general manager as the company expands its Midwest manufacturing capacity and geographic footprint.
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November 17, 2020
- Buyer
- Patrick Industries, Inc.
- Target
- Geremarie Corporation
- Seller
- Jim Schultz (founder)
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
Patrick Industries has completed the acquisition of Lake Zurich, Illinois-based Geremarie Corporation, a designer and manufacturer of high-precision aluminum components serving marine, medical, aerospace, defense and industrial markets. The company projected Geremarie's full-year 2020 revenues at approximately $44 million; the acquisition was funded under Patrick's existing credit facility and Geremarie will operate as a stand-alone business at its existing facility.
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November 17, 2020
- Buyer
- Reading Truck Group, J.B. Poindexter & Co., Inc.
- Target
- Rayside Truck & Trailer
- Industry
- Manufacturing
- Location
- Florida, United States
- Type
- Buyout
Reading Truck Group, a business unit of J.B. Poindexter & Co., has acquired Rayside Truck & Trailer, a West Palm Beach-based truck body upfitter and dealership. The acquisition expands Reading's nationwide footprint and strengthens its ability to serve customers in the Southeast United States.
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November 16, 2020
- Buyer
- Southwire
- Target
- American Elite Molding (AEM)
- Industry
- Manufacturing
- Location
- Florida, United States
- Type
- Buyout
Southwire has acquired American Elite Molding (AEM), a Crestview, Florida-based manufacturer of nylon cable ties, integrating AEM's 75,000 sq. ft. ISO 9001 facility and 142 employees into its Components Solutions platform. The acquisition expands Southwire's components offering—adding products such as EZ-Off ties, releasable ties and HVAC duct straps—and strengthens its Made-in-USA manufacturing capabilities for construction, industrial, retail and OEM markets.
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November 12, 2020
- Buyer
- Kyocera Corporation
- Target
- SLD Laser (Soraa Laser Diode, Inc.)
- Industry
- Manufacturing
- Location
- California, United States
- Type
- Buyout
Kyocera Corporation has agreed to acquire 100% ownership of California-based SLD Laser (formally Soraa Laser Diode, Inc.), a developer and manufacturer of gallium nitride (GaN) based laser light sources. SLD Laser commercializes high-brightness laser products for mobility, specialty lighting, consumer and industrial applications and will become a Kyocera group company upon regulatory approval.
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November 11, 2020
- Buyer
- ATWEC Technologies, Inc.
- Target
- Assembled Products, Inc.
- Industry
- Manufacturing
- Location
- Alabama, United States
- Type
- Buyout
ATWEC Technologies, Inc. (OTC: ATWT), a Memphis-based safety and security technology company, acquired its contract manufacturer Assembled Products, Inc. in a transaction valued at $2.6 million in cash and stock. The acquisition brings manufacturing in-house at Assembled Products' Rogersville, Alabama facility to reduce production costs, increase margins, and accelerate product development for ATWEC's child safety and vehicle sanitation systems.
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November 10, 2020
- Buyer
- Wynnchurch Capital, L.P.
- Target
- Drew Foam Companies, Inc.
- Seller
- Branford Castle Partners
- Industry
- Manufacturing
- Location
- Arkansas, United States
- Type
- Buyout
Wynnchurch Capital has acquired Drew Foam Companies, a Monticello, Arkansas–based manufacturer of expanded polystyrene (EPS) products, from Branford Castle Partners. Drew operates multiple manufacturing facilities across the Southeast U.S. serving packaging, building products and OEM end markets; terms were not disclosed and Wynnchurch intends to support the company's organic and inorganic growth.
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November 10, 2020
- Buyer
- Edmund Optics
- Target
- Quality Thin Films, Inc.
- Industry
- Manufacturing
- Location
- Florida, United States
- Type
- Buyout
Edmund Optics has acquired Quality Thin Films, Inc. (QTF), a Florida-based optical coatings and laser optics specialist, adding a 14,000 sq. ft. facility and roughly 30 employees to its manufacturing footprint. The deal expands Edmund Optics' laser-grade optics capabilities—including crystal and glass fabrication, polishing, metrology, high-laser-damage and diamond-like carbon coatings—and keeps QTF leadership involved as Karl George Jr. will continue to oversee the facility while Karl George Sr. retires.
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November 9, 2020
- Buyer
- Auxo Investment Partners, PPG management
- Target
- Precision Products Group, Inc.
- Seller
- Long Point Capital, Greyrock Capital Group
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Buyout
Auxo Investment Partners has acquired Precision Products Group, Inc. (PPG) from Long Point Capital (with Greyrock Capital Group as part of the selling partnership); PPG management participated alongside Auxo. PPG is a niche manufacturer of small-diameter spiral-wound tubes/cores and specialty pharmaceutical and consumer packaging (including the Euclid Medical Products unit-dose systems); transaction terms were not disclosed and BGL served as exclusive advisor and executed a sale-leaseback of PPG real estate.
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November 5, 2020
- Buyer
- Dresser Natural Gas Solutions
- Target
- Flow Safe, Inc.
- Industry
- Manufacturing
- Location
- New York, United States
- Type
- Buyout
Dresser Natural Gas Solutions acquired Flow Safe, Inc., a manufacturer of over-pressure protection solutions, in a transaction that closed on October 30, 2020. GulfStar Group served as exclusive financial advisor to Flow Safe; the acquisition expands Dresser NGS's product capabilities and enables entry into new end markets such as aerospace, marine and industrial/specialty gas.
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November 5, 2020
- Buyer
- Center Rock Capital Partners, Leelanau Private Capital
- Target
- Eastern Wholesale Fence, LLC
- Seller
- Corinthian Capital Group, LLC
- Industry
- Manufacturing
- Location
- New York, United States
- Type
- Buyout
Center Rock Capital Partners and Leelanau Private Capital have acquired Eastern Wholesale Fence, a Medford, New York-based manufacturer and distributor of residential and commercial fencing, from Corinthian Capital Group. Eastern’s CEO Peter Williams Jr. will remain in place as the company pursues expansion of its manufacturing and distribution capabilities and a new facility planned in Salisbury, North Carolina.
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October 29, 2020
- Buyer
- Marvell Technology Group Ltd.
- Target
- Inphi Corporation
- Seller
- Inphi stockholders
- Industry
- Manufacturing
- Location
- California, United States
- Type
- Buyout
Marvell Technology Group Ltd. agreed to acquire Inphi Corporation in a cash-and-stock transaction that will combine Marvell's storage, networking and processor portfolio with Inphi's high-speed electro-optics interconnect platform. The deal positions the combined company to lead in cloud data center and 5G infrastructure markets, will domicile the combined company in the United States, and is expected to deliver $125 million of annual run-rate synergies within 18 months.
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October 27, 2020
- Buyer
- Etnyre International, Ltd.
- Target
- SMF Incorporated
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
Etnyre International, Ltd., a family-owned industrial manufacturing group headquartered in Oregon, Illinois, has acquired SMF Incorporated, a metal fabrication and machining company based in Minonk, Illinois. The acquisition, completed October 27, 2020, adds manufacturing capacity to Etnyre and provides entry into power generation, oil & gas, and wind power markets.
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October 27, 2020
- Buyer
- Maven Investor Partners, Foresight Scottish Growth Fund, Management buy-in team (led by Kenny Woods)
- Target
- FIS Chemicals
- Industry
- Manufacturing
- Location
- Scotland, United Kingdom
- Type
- Buyout
Maven Investor Partners and the Foresight Scottish Growth Fund co-led and each invested £2 million to support a management buy-in of Aberdeen-based FIS Chemicals, alongside investment from the buy-in team led by Kenny Woods. The deal will help the specialist chemicals manufacturer accelerate growth, strengthen its management team, and support expansion into Asia and the Middle East while building on its strong environmental credentials.
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October 23, 2020
- Buyer
- The Vortex Companies
- Target
- Parson Environmental Products, Inc.
- Seller
- Craig Gaul (owner / president, Parson Environmental)
- Industry
- Manufacturing
- Location
- Pennsylvania, United States
- Type
- Buyout
The Vortex Companies has acquired Parson Environmental Products, Inc., a national provider of sanitary sewer rehabilitation and stormwater retention products founded in 1985. Parson owner and president Craig Gaul will join Vortex as Senior Product Manager to support R&D and integration of Parson's product portfolio into Vortex's expanding trenchless products division.
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October 20, 2020
- Buyer
- Cargill
- Target
- Floratech
- Industry
- Manufacturing
- Location
- Arizona, United States
- Type
- Buyout
Cargill has entered into an agreement to acquire Floratech, a Chandler, Arizona–based maker of natural emollients and botanical derivatives for the beauty and personal care industry. The deal expands Cargill’s Cargill Beauty capabilities by adding Floratech’s specialty ingredient portfolio and R&D/manufacturing expertise to accelerate nature-derived, sustainable solutions for cosmetics customers worldwide.
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