Manufacturing Divestitures in 2018
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- Buyer
- Tower Extrusions, Ltd.
- Target
- Ascend Custom Extrusions LLC
- Seller
- Highlander Partners, L.P.
- Industry
- Manufacturing
- Location
- Texas, United States
- Type
- Divestiture
Tower Extrusions, Ltd. acquired substantially all assets of Ascend Custom Extrusions LLC from Highlander Partners, L.P., expanding Tower's extrusion capacity in Wylie, Texas. The transaction transfers Ascend's three extrusion presses and finishing capabilities to Tower, broadening its product offering and ability to serve building, transportation, and consumer durables markets.
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October 16, 2018
- Buyer
- Malibu Boats, Inc.
- Target
- Pursuit Boats
- Seller
- S2 Yachts, Inc.
- Industry
- Manufacturing
- Location
- Florida, United States
- Type
- Divestiture
Malibu Boats, Inc. has acquired the assets of Pursuit Boats from S2 Yachts, Inc., adding a leader in the saltwater outboard fishing boat market to Malibu's portfolio. Angle Advisors acted as exclusive advisor to S2 on the divestiture; the Slikkers family will retain ownership of Tiara Yachts under the S2 umbrella.
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- Buyer
- AGC Inc.
- Target
- Park Electrochemical Corp. (electronics business)
- Seller
- Park Electrochemical Corp.
- Industry
- Manufacturing
- Location
- New York, United States
- Type
- Divestiture
AGC Inc. (Tokyo) has agreed to acquire the electronics business of US-based Park Electrochemical Corp. for about ¥16 billion. The deal transfers Park's CCL and related printed-circuit materials operations (with manufacturing in the US, Singapore and France) to AGC to strengthen its high-end materials and next-generation high-speed communications product portfolio; Park will retain its aerospace business and remain a US public company.
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