Manufacturing Acquisitions in Ohio
Ohio Manufacturing M&A Themes and Moves
Manufacturing acquisitions in Ohio span everything from industrial and recycling systems to rail embedded track technologies, rail and warehouse automation, and cold rolled steel. Across recent deals, buyers often look to add engineering depth, expand product portfolios, and broaden end-market reach while keeping existing operating teams engaged.
Several transactions also reflect the regional strength of Ohio’s specialty manufacturing base—casting and foundry capacity, advanced instrumentation for critical infrastructure, ignition and control systems, and materials handling equipment. Private equity-backed platforms appear alongside strategic industrial acquirers, creating a mix of add-on growth and larger platform buildouts.
Deal writeups from 2014 through 2032 show ongoing interest in niche, application-focused manufacturers—from safety and barrier products to wireless gas detection—where technical differentiation and service or certification advantages can matter.
What Stands Out
- ONCAP (Onex Corporation) acquired a majority stake in Komar Industries, Inc. (Groveport, Ohio), with the Koenig family continuing as partners as Komar expands product and service offerings.
- Polycorp added rail capability by acquiring Iron Horse Engineering Company, a provider of rail boot and embedded track technologies for light- and heavy-rail applications.
- Plasticade and Mr. Chain fit an add-on portfolio pattern in traffic safety and signage for construction, municipal, and event safety customers.
- Foundational manufacturing capacity remains a throughline: Canerector acquired Liberty Casting (gray and ductile iron castings), while Mutares acquired Greer Steel Company (cold rolled strip steel).
- Strategic scale is visible in larger industrial combinations, including Allison Transmission Holdings, Inc. acquiring Dana’s Off-Highway Drive & Motion Systems business for $2.7B.
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June 3, 2032
- Buyer
- ONCAP, Onex Corporation
- Target
- Komar Industries, Inc.
- Seller
- Koenig family
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Buyout
ONCAP, the mid-market private equity platform of Onex Corporation, has acquired a majority stake in Komar Industries, a Groveport, Ohio-based designer and manufacturer of industrial waste and recycling processing systems. The Koenig family remains partnered with ONCAP as Komar looks to expand its product and service offerings and continue its growth.
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- Buyer
- Nickolas Asset Management, Reinhart Family of Companies
- Target
- Associated Plastics Corporation
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Buyout
Nickolas Asset Management (together with the Reinhart Family of Companies) acquired Associated Plastics Corporation (APC), a plastics manufacturing company based in Ada, Ohio. The deal expands Nickolas’ Ohio manufacturing footprint to five facilities and four distribution centers, including APC’s 150,000-square-foot campus and molding/production equipment.
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January 22, 2026
- Buyer
- Polycorp
- Target
- Iron Horse Engineering Company
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Addon
Polycorp, a portfolio company of Arsenal Capital Partners, has acquired Iron Horse Engineering Company, a pioneer in rail boot and embedded track technologies. The deal expands Polycorp’s rail product portfolio and engineering capabilities to deliver more integrated solutions across light- and heavy-rail applications worldwide.
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January 15, 2026
- Buyer
- Plasticade, Radial Equity Partners
- Target
- Mr. Chain
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Addon
Plasticade, a portfolio company of Radial Equity Partners, has acquired Mr. Chain, a longtime manufacturer of crowd-control, safety and barrier solutions. The add-on expands Plasticade's product portfolio in the traffic safety and signage market, enabling broader offerings for construction, municipal and event safety customers.
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January 14, 2026
- Buyer
- Canerector
- Target
- Liberty Casting
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Buyout
Canerector has acquired Liberty Casting, a Delaware, Ohio-based cast iron foundry operating two facilities that produce gray and ductile iron castings. The acquisition expands Canerector's foundry capabilities and size-range capacity while preserving Liberty Casting's local leadership and operational continuity.
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January 6, 2026
- Buyer
- Individual Buyer
- Target
- World Resource Solutions, Corp.
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Buyout
Generational Group advised the sale of World Resource Solutions, Corp., a Plain City, Ohio-based tooling and program management company serving the injection mold and automotive supply chain, to an unnamed individual buyer. The transaction closed on January 6, 2026 and was managed by Generational Group’s M&A team to structure a deal that fits both the buyer and seller for continued operations and growth.
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January 2, 2026
- Buyer
- Mutares SE & Co. KGaA
- Target
- Greer Steel Company
- Seller
- Greer Industries, Inc.
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Buyout
Mutares SE & Co. KGaA has completed the acquisition of Greer Steel Company, a Dover, Ohio-based cold rolled strip steel specialist, from Greer Industries, Inc. The purchase expands Mutares' Engineering & Technology segment and North American footprint, positioning Greer Steel as a growth platform to serve automotive and industrial customers through operational improvements and targeted investments.
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January 1, 2026
- Buyer
- Safe Monitoring Group, Alder
- Target
- Gastronics, Inc.
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Addon
Safe Monitoring Group (a portfolio company of Alder) has acquired Gastronics, Inc., a US-based pioneer in wireless gas detection systems. The deal adds the first North America–based company to SMG's portfolio, expanding its gas detection capabilities, regulatory certifications and presence across industrial, energy and refrigeration markets.
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December 31, 2025
- Buyer
- E.P. Gerber & Sons
- Target
- Solid Dimensions
- Seller
- Tim Parcher, Darla Parcher
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Buyout
E.P. Gerber & Sons has acquired Solid Dimensions, a Norwalk, Ohio-based maker of USA-made wooden promotional products. Solid Dimensions' co-founder Tim Parcher will remain as general manager during the transition and plans to retire after a leadership team is established; financial terms were not disclosed.
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- Buyer
- Arcline Investment Management
- Target
- Altronic, LLC
- Seller
- HOERBIGER Group
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Buyout
Arcline Investment Management, a growth-oriented private equity firm, has acquired Altronic, LLC from the HOERBIGER Group. Altronic, a Girard, Ohio-based maker of advanced ignition, control and instrumentation systems for critical infrastructure and OEMs, will be positioned to pursue growth with Arcline's capital and portfolio synergies.
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November 14, 2025
- Buyer
- Ligchine International
- Target
- The Power Buggy Company
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Buyout
Ligchine International has acquired The Power Buggy Company, the maker of the Power Buggy ride-on material mover. The Power Buggy business will be relocated from Independence, Ohio to Ligchine’s headquarters in Darien, Wisconsin and integrated into Ligchine’s manufacturing, engineering, and customer support operations to expand Ligchine’s construction equipment product lineup.
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November 11, 2025
- Buyer
- Boulden Holdings, LLC, Edgewater Growth Capital Partners V, L.P.
- Target
- Ace Precision Industries, Inc.
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Addon
Boulden Holdings, LLC, a portfolio company of Edgewater Growth Capital Partners V, L.P., has acquired Ace Precision Industries, Inc., a family-owned precision machining business based in Akron, Ohio. The acquisition adds precision machining and hydrodynamic bearing capabilities to Boulden's wear-components platform, increasing capacity and creating cross-selling opportunities across aerospace, medical and transit end markets.
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November 5, 2025
- Buyer
- Douglas Dynamics, Inc.
- Target
- Venco Venturo Industries LLC
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Buyout
Douglas Dynamics, Inc. has purchased Venco Venturo Industries LLC, a long-established maker of truck-mounted cranes and dump hoists. The acquisition expands Douglas Dynamics' Work Truck Attachments segment and furthers its strategy to add complex attachment capabilities to its portfolio.
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November 1, 2025
- Buyer
- MKB Company
- Target
- Enviroscape
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Buyout
MKB Company, a national provider of stormwater management and erosion control solutions, has acquired Enviroscape, a Deshler, Ohio-based manufacturer of straw, coconut and excelsior erosion control blankets. The acquisition expands MKB's manufacturing capacity and product portfolio and will operate Enviroscape as part of the MKB platform with ongoing investment in people, processes and technology.
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October 27, 2025
- Buyer
- Solve Industrial Motion Group
- Target
- Miller Bearing Company
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Buyout
Solve Industrial Motion Group has acquired Miller Bearing Company, a Kent, Ohio-based manufacturer of conveyor bearings. The acquisition expands Solve's manufacturing capabilities and product offering for the material handling industry by adding Miller's facility and workforce.
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October 14, 2025
- Buyer
- Saothair Capital Partners, LLC
- Target
- GatesAir, Inc.
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Buyout
Saothair Capital Partners has completed the acquisition of GatesAir, Inc. through a newly-formed affiliate. GatesAir, a 100+ year designer, manufacturer and installer of over-the-air broadcast and public safety communications equipment headquartered in Mason, Ohio, will continue to be led by President and CEO Barbara Spicek as Saothair invests to scale the business, broaden geographic presence, and expand its turnkey product and services portfolio.
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October 2, 2025
- Buyer
- Arclin
- Target
- Polymer Solutions Group
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Buyout
Arclin has completed the acquisition of Polymer Solutions Group (PSG), a manufacturer of proprietary polymer additives, dispersions and release agents serving the rubber, plastics and engineered wood markets. Arclin will operate PSG’s manufacturing facilities in Cleveland, Ohio and Albany, Georgia and an R&D facility in Macon, Georgia; the deal adds approximately 200 employees and expands Arclin’s product capabilities and end-market reach in construction, building products and transportation.
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- Buyer
- Advanced Drainage Systems, Inc.
- Target
- National Diversified Sales (NDS)
- Seller
- Norma Group SE
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Buyout
Advanced Drainage Systems (NYSE: WMS) has entered into a definitive stock purchase agreement to acquire National Diversified Sales (NDS), a water management business of Norma Group SE, in an all-cash transaction valued at approximately $1.0 billion. The deal is expected to close in the first quarter of 2026 and will expand ADS’ product portfolio and go-to-market reach in retail and distributor channels, including residential irrigation and related solutions.
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September 16, 2025
- Buyer
- Riverspan Partners
- Target
- United Titanium
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Buyout
Riverspan Partners, a Chicago-based private equity firm focused on industrials, has acquired United Titanium, a Wooster, Ohio-based manufacturer of specialty titanium, zirconium and other-alloy fasteners, fittings and precision components. Financial terms were not disclosed; United Titanium will remain headquartered in Wooster under its existing leadership while Riverspan provides capital and operational support to drive product innovation, manufacturing improvements and global customer growth.
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September 9, 2025
- Buyer
- Keltec Technolab, Vance Street Capital
- Target
- Swift Filters
- Seller
- Ned Swift, Charlie Swift
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Addon
Vance Street Capital portfolio company Keltec Technolab has acquired Swift Filters, a North American manufacturer of custom hydraulic filter and strainer elements founded in 1970. The deal combines Keltec's compressed air and gas filtration capabilities with Swift's hydraulic filtration expertise to create a broader product suite; terms were not disclosed and debt financing was provided by Apogem Capital.
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- Buyer
- Kreate, Nickolas Asset Management, The Reinhart Family of Companies
- Target
- Precision Thermoplastic Components (PTC)
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Buyout
Kreate, backed by Nickolas Asset Management and the Reinhart family, has acquired Precision Thermoplastic Components (PTC) and its 115,000-square-foot Lima, Ohio manufacturing facility. The acquisition expands Kreate’s U.S. manufacturing capacity, adds new product categories and customers, and secures proprietary product rights to accelerate automation, AI-driven process optimization and sustainable production.
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- Buyer
- MasterBrand, Inc.
- Target
- American Woodmark Corporation
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Buyout
MasterBrand, Inc. and American Woodmark Corporation entered into a definitive all-stock merger agreement in which MasterBrand will combine with American Woodmark. At closing, American Woodmark shareholders will receive 5.150 shares of MasterBrand common stock for each share of American Woodmark, with the deal expected to close in early 2026 subject to approvals and regulatory clearance.
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- Buyer
- Honeywell
- Target
- Li‑ion Tamer (business of Nexceris)
- Seller
- Nexceris
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Divestiture
Honeywell has acquired the Li‑ion Tamer business from Nexceris, a tuck‑in that will integrate Li‑ion Tamer's off‑gas/early‑warning battery detection technology into Honeywell's Building Automation and fire life safety portfolio. The product suite (with 30+ global patents) is expected to be immediately accretive and to strengthen Honeywell's offerings for high‑growth end markets such as grid energy storage and data centers.
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- Buyer
- Advent International
- Target
- LayerZero Power Systems
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Buyout
Advent International has signed a definitive agreement to acquire a majority shareholding in LayerZero Power Systems, a U.S. manufacturer of static transfer switches, PDUs, and other mission-critical power infrastructure for data centers. The founders will remain minority equity holders, Annette Clayton will serve as Chair, and Advent plans to scale manufacturing capacity, expand the customer base, and grow service capabilities; the transaction is expected to close in Q3 2025.
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- Buyer
- ARS Systems, Forest Lane Capital Partners
- Target
- ARS Recycling
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Buyout
Forest Lane Capital Partners has formed ARS Systems and completed the acquisition of ARS Recycling, a Lowellville, Ohio-based manufacturer of steel grit recycling and dust collection equipment. Daniel Moore was appointed CEO and the new ownership said it will invest to expand parts & service offerings, rental equipment and related products while continuing operations at the Lowellville facility.
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May 22, 2025
- Buyer
- Gemspring Capital Management, LLC
- Target
- The Goodyear Tire & Rubber Company’s polymer chemicals business (Goodyear Chemical / Polymer Chemical Business)
- Seller
- The Goodyear Tire & Rubber Company
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Buyout
Gemspring Capital Management announced that an affiliate entered into a definitive agreement to acquire The Goodyear Tire & Rubber Company’s polymer chemicals business. The deal was structured around two manufacturing plants in Houston and Beaumont, Texas, and an R&D facility in Akron, Ohio, with Goodyear retaining certain chemical facilities. The acquisition was later completed on November 3, 2025.
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May 6, 2025
- Buyer
- EQI Ltd.
- Target
- Ferralloy, Inc.
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Buyout
EQI Ltd. has acquired Ferralloy, Inc., a Cleveland-based supplier of heat-resistant alloy castings, forgings, machined components and specialty raw materials. The deal will fold Ferralloy into EQI's portfolio (alongside Pro-Tech) to expand EQI's thermal processing and metal components capabilities and broaden its customer base and supply-chain footprint.
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May 1, 2025
- Buyer
- Astro Shapes, LLC, Wynnchurch Capital, L.P.
- Target
- Star Extruded Shapes, LLC, Star Fab, LLC
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Addon
Astro Shapes, a Wynnchurch Capital portfolio company, has acquired Star Extruded Shapes, LLC and Star Fab, LLC, both headquartered in Canfield, Ohio. The acquisition adds aluminum extrusion, fabrication, and powder-coating capabilities to the Astro Shapes platform as an add-on to broaden manufacturing capabilities and provide a one-stop solution for customers.
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April 16, 2025
- Buyer
- RENK Group AG
- Target
- Cincinnati Gearing Systems Inc.
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Buyout
RENK Group AG has completed the acquisition of Cincinnati Gearing Systems Inc., which will operate as RENK America Marine & Industry LLC. The deal brings CGS's Mariemont and Milford, Ohio facilities (≈15,000 sqm) and over 100 skilled employees to RENK, strengthening RENK's North American presence and naval/defense transmission capabilities.
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April 10, 2025
- Buyer
- Galls
- Target
- Her BlueWear Uniforms
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Buyout
Galls, the national uniform and tactical gear supplier, has acquired Her BlueWear Uniforms, a women-focused law enforcement apparel brand founded by Denise Czack. The acquisition will scale Her BlueWear's product line and broaden access to tailored uniforms for female public safety officers through Galls' distribution and resources.
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April 9, 2025
- Buyer
- REalloys Inc., BlackBoxStocks Inc.
- Target
- PMT Critical Metals Inc.
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Buyout
REalloys Inc. acquired 100% of PMT Critical Metals Inc. in a share exchange that closed March 31, 2025, with the consideration representing approximately 14% of REalloys' outstanding common stock. The acquisition adds a 54,000-square-foot Euclid, Ohio facility, production equipment, IP, R&D and existing contracts for NdFeB magnet materials, strengthening REalloys' vertically integrated North American rare-earth-to-magnet supply chain for U.S. protected markets.
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March 18, 2025
- Buyer
- United Performance Metals, O'Neal Industries
- Target
- Fabrisonic LLC
- Seller
- EWI
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Buyout
United Performance Metals (an O'Neal Industries affiliate) has acquired Fabrisonic LLC, an ultrasonic/additive metal manufacturing specialist based in Columbus, Ohio. The acquisition expands UPM's advanced manufacturing and specialty metals capabilities by adding Fabrisonic's patented ultrasonic additive manufacturing technology to UPM's processing and materials offerings, supporting end markets including aerospace, defense, space and automotive.
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March 4, 2025
- Buyer
- ProMach (ID Technology)
- Target
- KelCode Solutions
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Buyout
ProMach, via its ID Technology labeling & coding business line, has acquired KelCode Solutions, a Cincinnati-based provider of industrial marking, coding, and labeling solutions. The acquisition expands ProMach's labeling and coding capabilities and customer support across North America while retaining KelCode's leadership and service team.
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February 12, 2025
- Buyer
- Handgards, Wynnchurch Capital, L.P.
- Target
- Inno-Pak
- Seller
- Emerald Lake Capital Management
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Addon
Handgards, a portfolio company of Wynnchurch Capital, has acquired Inno-Pak, a Delaware, Ohio–headquartered designer and manufacturer of sustainable foodservice packaging, from Emerald Lake Capital Management. The add-on strengthens Handgards' converting and sourcing capabilities and expands its offering into grocery, convenience and hospitality end markets; terms were not disclosed.
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February 5, 2025
- Buyer
- Bain Capital
- Target
- Milacron Injection Molding and Extrusion business
- Seller
- Hillenbrand, Inc.
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Divestiture
Bain Capital’s Special Situations team agreed to purchase an approximately 51% majority stake in the Milacron injection molding and extrusion business from Hillenbrand for $287 million, with Hillenbrand retaining roughly 49% and remaining an investor. Bain will have operational control and will partner with Milacron management to accelerate growth while Hillenbrand uses proceeds to pay down debt and focus on its core portfolio.
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- Buyer
- Wynnchurch Capital
- Target
- Astro Shapes, LLC
- Seller
- Monomoy Capital Partners
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Buyout
Wynnchurch Capital has acquired Astro Shapes, LLC, a custom aluminum extrusion manufacturer headquartered in Struthers, Ohio, from Monomoy Capital Partners in a private-equity-to-private-equity transaction. Wynnchurch will partner with Astro Shapes' management to accelerate growth and leverage the company's specialized extrusion capabilities across building products, recreational vehicle and industrial end markets.
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January 27, 2025
- Buyer
- Precision Products Group, Auxo Investment Partners
- Target
- Cindus Corporation
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Addon
Precision Products Group (a portfolio company of Auxo Investment Partners) has acquired Cindus Corporation, a Cincinnati-based manufacturer of crepe paper used for electrical and industrial insulation. The add-on acquisition will expand PPG’s insulated-paper capabilities and support planned investments to increase production capacity to meet growing demand in the transformer and power-infrastructure markets.
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- Buyer
- North American Kitchen Solutions (NAKS), Valesco Industries
- Target
- Custom Kitchen Fabricator (CKF)
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Addon
North American Kitchen Solutions (NAKS), a portfolio company of Dallas-based private equity firm Valesco Industries, has acquired Custom Kitchen Fabricator (CKF). The add-on expands NAKS’ stainless‑steel fabrication and manufacturing capabilities to better serve foodservice and commercial kitchen customers and strengthens NAKS’ national manufacturing footprint.
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December 10, 2024
- Buyer
- Patriot Capital
- Target
- Libra Industries
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Growth capital
Patriot Capital announced a new growth investment in Libra Industries, an existing portfolio company of CW Industrial Partners, to support the company's next stage of growth. Libra is a U.S.-based systems integrator and outsourced manufacturing partner providing PCBA/EMS, precision machining and metal fabrication to semiconductor, medical, aerospace and industrial OEM markets.
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December 9, 2024
- Buyer
- Vance Street Capital
- Target
- System Seals
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Buyout
Los Angeles-based private equity firm Vance Street Capital has partnered with Cleveland-based System Seals, a designer and manufacturer of proprietary sealing solutions. Founder and CEO Arnold von Engelbrechten will retain a meaningful ownership stake and continue to lead the business as Vance Street supports product development, international expansion and targeted M&A.
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- Buyer
- Jennmar, Jennchem
- Target
- Pyro‑Chem (Pyro‑Chem division of Wright‑Mix Material Solutions, LLC)
- Seller
- Wright‑Mix Material Solutions, LLC, Wright Concrete and Construction, Shannon Wright, Kendall Wright
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Addon
Jennmar, a FalconPoint Partners portfolio company, through its Jennchem subsidiary acquired the Pyro‑Chem line of pre‑mixed fire‑retardant ventilation sealant products from Wright‑Mix Material Solutions, LLC’s Pyro‑Chem division. The asset purchase adds Pyro‑Chem’s product portfolio and manufacturing capabilities to Jennchem, expanding Jennmar’s offering for the underground mining and construction markets.
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- Buyer
- KPS Capital Partners, LP
- Target
- INEOS Composites
- Seller
- INEOS Enterprises Holdings II Ltd
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Buyout
KPS Capital Partners, through a newly formed affiliate, signed a definitive agreement to acquire INEOS Composites from INEOS Enterprises Holdings II Ltd for an estimated ~€1.7 billion. The deal was expected to close in the first half of 2025, and later sources confirm the acquisition closed and the company was renamed Alta Performance Materials.
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November 15, 2024
- Buyer
- Hickey Metal Fabrication
- Target
- Ohio Laser
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Buyout
Hickey Metal Fabrication, a family-owned metal fabrication business based in Salem, Ohio, has acquired Ohio Laser of Plain City, Ohio. Hickey will retain Ohio Laser's management and operations while integrating its laser cutting and fabrication capabilities to support future growth and expanded service offerings.
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November 1, 2024
- Buyer
- Stellar Industries
- Target
- Elliott Machine Works, Inc.
- Seller
- Brent Ekin, Brad Ekin
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Buyout
Stellar Industries, an employee-owned manufacturer based in Garner, Iowa, has acquired Elliott Machine Works, Inc., a family-owned manufacturer of mobile fuel and lube service equipment headquartered in Galion, Ohio. The acquisition expands Stellar’s product offering to include Elliott’s fuel and lube trucks and related mobile service equipment, while keeping Elliott’s manufacturing operations and workforce in Galion.
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- Buyer
- Lacks Enterprises Inc.
- Target
- Forgeline Motorsports
- Seller
- David Schardt, Steve Schardt
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Buyout
Lacks Enterprises Inc., a family-owned tier-one wheel supplier, has acquired a majority stake in Forgeline Motorsports, a custom forged-aluminum wheel manufacturer based in Dayton, Ohio. The Forgeline co-founders David and Steve Schardt will retain a minority stake; the deal is intended to expand Forgeline's manufacturing and R&D capacity while giving Lacks access to Forgeline's aftermarket expertise and new in-roads to the OEM market.
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- Buyer
- Charter Manufacturing
- Target
- Niles Iron & Metal Company
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Buyout
Charter Manufacturing, a family-owned metals manufacturing group headquartered in Mequon, Wisconsin, has acquired Niles Iron & Metal Company, a regional scrap metal recycler based in Niles, Ohio. Brown Gibbons Lang & Company served as exclusive financial advisor to Niles Iron in the transaction, which brings together two multi-generation, family-owned metals businesses to capture operational synergies across the Midwest and Northeast.
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- Buyer
- Farragut Capital Partners, Watervale Equity Partners, Members of EMX senior leadership (including CEO Joseph Williams)
- Target
- EMX Industries
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Recapitalization
Farragut Capital Partners provided senior subordinated debt and equity to support a recapitalization of EMX Industries alongside Watervale Equity Partners and members of EMX’s senior leadership, including CEO Joseph Williams. EMX, a Cleveland-based manufacturer of electronic sensors for access control and industrial automation, will use the transaction to support growth and future momentum under the new capital structure.
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July 16, 2024
- Buyer
- Wolter Inc.
- Target
- Cincinnati Crane & Hoist
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Buyout
Wolter Inc., a Brookfield, Wisconsin-based material handling solutions provider, has acquired Cincinnati Crane & Hoist, a Cincinnati-area manufacturer of overhead cranes, hoists, and custom crane systems. The acquisition expands Wolter's manufacturing capabilities and product offerings in the crane and hoist market, while preserving CC&H's turnkey engineering, installation, and service capabilities.
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July 9, 2024
- Buyer
- Kodiak
- Target
- Southern Adhesives and Coatings
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Buyout
Kodiak, a Cincinnati-based specialty chemical supplier, has acquired Southern Adhesives and Coatings of Madeira, Ohio. The acquisition adds adhesives and coatings capabilities to Kodiak's portfolio and enables the company to expand into the paper and packaging end markets.
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- Buyer
- American Industrial Partners
- Target
- Austin Powder
- Seller
- Austin Powder existing long-term ownership group / family shareholders
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Growth capital
American Industrial Partners (AIP) has made a strategic growth investment in Austin Powder to support the company's expansion, innovation and global growth plans while partnering with Austin’s existing long-term ownership group and management team. Financial terms were not disclosed; the investment will provide AIP’s financial and operational resources to accelerate geographic expansion and capability development across Austin Powder’s explosives manufacturing and blasting services business.
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Frequently Asked Questions
Which types of manufacturing subsectors show up in Ohio acquisitions?
Recent Ohio deals highlight industrial and recycling systems, rail and embedded track technologies, traffic safety and barrier solutions, foundry and casting capacity, cold rolled strip steel, wireless gas detection, warehouse automation, and propulsion/material-handling equipment.
What buyer types are most common?
The page features both private equity-backed platforms (for example, ONCAP, Polycorp and Arcline Investment Management) and strategic industrial acquirers (including Allison Transmission Holdings, Inc. and Duravant).
Do acquisitions in Ohio tend to stay within Ohio-based operations?
Many transactions are Ohio-focused: targets include companies located in Ohio (e.g., Groveport, Dover, Delaware, Norwalk, Girard, Independence, and Plain City). Some deals also describe relocating operations to support the acquirer’s broader platform.
Are deal terms and prices always disclosed?
Not always. Some transactions include disclosed consideration and financial details (for example, Allison Transmission at $2.7B and Duravant at $232.1 million total consideration), while others note that financial terms were not disclosed.