Timken's acquisition of iMECH enables the bearings manufacturer to increase its product breadth and provides cross-selling opportunities.
Latest In Mergers & Acquisitions
Pump, compressor and vacuum equipment manufacturer Atlas Copco added three distributors to its compressor business.
FBM's Acquisitions Include A&D Supply, Studs Unlimited, Henrietta Building Supplies and KCI Doors & Hardware.
The announcement comes about nine months after Kito Corp. and Crosby Group merged.
A recent report from Bloomberg stated that the minority stake of US LBM is valued at approximately $7 billion.
The company said it has agreed to be acquired by ShoreView Industries in an all-cash transaction for $13 per share.
The acquisition of foodservice equipment distributor DON will add new capabilities and diversified offerings for Sysco customers.
The $8.2B deal increases Emerson’s end market exposure in discrete markets, which will be Emerson’s second largest industry segment.
The company also said it will soon open a new 90,000-square-foot regional distribution center in Lower Burrell, Pennsylvania.
Acme is a specialized abrasives manufacturer and provider based in Michigan, and is now Tyrolit's 7th manufacturing plant in the U.S.
Following the closing of the transaction, FW Murphy will become part of the Dover Precision Components operating unit.
Don’s Appliances will continue to operate independently under the Kodiak umbrella, maintaining its brand identity and leadership team.
Michael Bodine and Como’s Florida-based team will continue to lead the Como Propane Division under Palmdale.
Oxywise and Fraserwoods Fabrication & Machining are being purchased for a combined, all-cash price of approximately $26 million.
Manning’s product portfolio includes lumber and trusses, along with custom doors, windows and millwork, and installation services.
Norlen provides stamping, machining, painting, and additional fabrication services to industries including agriculture, HVAC and defense.
The all-cash transaction — which reflects approximately 6.75x proforma adjusted EBITDA — was funded through Greif's existing credit facility.
Nova specializes in the repair, remanufacture and supply of hydraulics parts to end-users, resellers, repair houses and OEMs.
Sonepar plans to align the electrical contractor business of ESI with World Electric, while ESI’s utility segment will align with Irby Utilities.
