Mergers and Acquisitions
Stryker Buying Trauson For $764 Million
January 17, 2013 2:25 pm | by The Associated Press | News | CommentsMedical device maker Stryker is buying orthopaedic products maker Trauson Holdings Co. for $764 million in order to expand its business in China. Trauson's biggest shareholder, Luna Group, has agreed to tender 61.7 percent of the Trauson shares toward the offer, Stryker said. The acquisition is expected to close by the end of the second quarter.
Dell's Stock Soars On Report Of Possible Buyout
January 15, 2013 8:34 am | News | CommentsCiting unidentified people familiar with the situation, Bloomberg News said Dell has discussed a potential sale with at least two firms that specialize in buying companies whose stocks have fallen out of favor. The report didn't name the interested firms. Dell Inc., based in Round Rock, Texas, declined to comment.
Swatch In $1B Deal For Harry Winston Brand
January 14, 2013 10:56 am | News | CommentsSwitzerland's biggest watch maker, Swatch Group AG, will pay about $1 billion to acquire Canada's Harry Winston watch and jewelry brand, officials from both companies said Monday. The acquisition includes the Harry Winston production company in Geneva and more than 500 employees globally.
Curtiss-Wright To Acquire Germany's Phonix Group
January 14, 2013 10:25 am | News | Comments"Phonix has a strong track record of developing highly engineered, solution-specific valves for the most demanding applications and provides a unique opportunity to expand Curtiss-Wright's severe-service valve franchise in the chemical, petrochemical and power markets in Western Europe, China, India and Russia," said Martin R. Benante, Chairman and CEO of Curtiss-Wright Corporation.
Hostess Finds Buyer For Wonder Bread
January 14, 2013 7:50 am | by Candice Choi, AP Food Industry Writer | News | CommentsHostess has found a new home for its most popular breads, including the iconic Wonder bread.The bankrupt maker of Twinkies, Devil Dogs and other snack cakes said late Friday that it selected bids by rival bakery Flower Foods Inc. to buy six of its bread brands for $390 million.
Hexagon Acquires New River Kinematics, Leading Portable Metrology Software Provider
January 8, 2013 4:38 pm | News | CommentsHexagon AB, leading global provider of design, measurement and visualization solutions, has acquired New River Kinematics (NRK), a U.S. based engineering company that specializes in 3D analysis software for portable metrology applications. Founded in 1994, NRK completely revolutionized coordinate measurement with the first metrology software to introduce a three dimensional graphic environment for portable metrology.
Autodesk Closes On PI-VR Acquisition
January 8, 2013 12:17 pm | News | CommentsAutodesk has completed its buyout of privately held German software company PI-VR, a deal designed to broaden its work for the automobile industry. Financial terms were not disclosed. Autodesk Inc. develops computer-aided manufacturing software used by designers, engineers in industries such as manufacturing, architecture, building and construction.
R-O-M Corporation Acquires Fire Research Corporation
January 8, 2013 10:47 am | News | Comments"The reputation of the FRC brand is unparalleled," Jeff Hupke, CEO of R-O-M, said. "With this acquisition, R-O-M becomes the largest supplier of emergency scene lighting, pressure governors and flow meters. When combined with R-O-M's strengths in roll-up doors and safety grating, we continue proving true to our mission to improve firefighter safety and productivity."
Daily Equipment Company Sells Its Business To Mitsubishi Caterpillar Forklift America Inc.
January 7, 2013 2:25 pm | News | CommentsMitsubishi Caterpillar Forklift America Inc. (MCFA), a leading manufacturer of forklifts under the Cat® lift trucks, Mitsubishi forklift trucks and Jungheinrich® brands, and Daily Equipment Company (DEC) jointly announced today that DEC has been sold to MCFA in a seamless succession planning step for DEC’s principle shareholder, Emmerson Daily.
Oshkosh Ends 'Poison Pill' After Icahn Drops Bid
January 7, 2013 11:25 am | News | CommentsA month after activist investor Carl Icahn gave up his bid for Oshkosh, the truck maker is ending a shareholder rights plan early. The "poison pill," announced this past October to ward off hostile takeover attempts, was set to end in October 2013. Instead, it will expire Monday after the close of trading.
Report: Hostess In Talks To Sell Bread Brands
January 7, 2013 7:59 am | News | CommentsThe makers of Thomas' English muffins and Tastykake snacks are emerging as two of the bidders for Wonder Bread and other Hostess bread brands as the company tries to sell off its assets under bankruptcy-court oversight, a newspaper reported Saturday.
Saint-Gobain Performance Plastics Acquires American Fluoroseal Corporation
January 4, 2013 3:50 pm | News | CommentsSaint-Gobain Performance Plastics has completed the acquisition of American Fluoroseal Corporation (AFC), a Maryland based manufacturer of fluoropolymer bags for medical use and sterile sampling systems for pharmaceutical manufacturing processes. The company operates from a single location in Gaithersburg (Maryland, United States) where both engineering and manufacturing are located.
Hypertherm Acquires AccuStream Waterjet Products Company
January 3, 2013 3:54 pm | News | CommentsHypertherm, a U.S. based manufacturer of advanced cutting systems, today announced the acquisition of AccuStream, a Minnesota based manufacturer of waterjet cutting products. The acquisition will advance Hypertherm’s strategy of providing customers with the optimum cutting technology—whether plasma, laser, or waterjet—for their particular cutting application.
Hormel Foods Buying Skippy For About $700M
January 3, 2013 8:15 am | by Candice Choi and Michelle Chapman, AP Business Writers | News | CommentsHormel Foods is buying the Skippy peanut butter product line from Unilever for approximately $700 million as it looks to strengthen its business overseas and branch out beyond its meat business that includes Spam. Skippy, which debuted in 1932, has 11 varieties of peanut butter products.
Middleby To Buy Viking Range For $380M
January 2, 2013 8:19 am | News | CommentsFood service equipment maker Middleby Corp. says it will buy Mississippi-based oven and kitchen appliance maker Viking Range Corp. for $380 million. Viking Range is based in Greenwood, Miss., and makes products for use in residential cooking. Middleby said Viking Range has $200 million in annual sales.
Trelleborg Wheel Systems Acquires Maine Industrial Tire
December 21, 2012 9:23 am | News | CommentsTrelleborg Wheel Systems Industrial Tires has today signed an agreement to acquire Maine Industrial Tire, the leading U.S.-based producer of large solid and semi solid tires. The acquisition places Trelleborg into the market for large solid off-the-road (OTR) tires predominantly used within the construction, underground mining and waste management segments.
Mohawk Industries To Buy Marazzi For $1.5B
December 21, 2012 8:26 am | News | CommentsMohawk Industries Inc., which makes residential and commercial flooring, is buying Marazzi Group for about $1.5 billion to expand its ceramic tile business. Mohawk says Marazzi, which sells tile in more than 100 countries, posted revenue last year of about $1.16 billion.
GE Buying Avio Aviation Unit For $4.3B
December 21, 2012 8:20 am | News | CommentsIndustrial conglomerate General Electric plans to buy the aviation business of Italian manufacturer Avio for $4.3 billion to grow its jet propulsion business and strengthen its supply chain. The Fairfield, Conn., company said Friday that it wants to build its supply chain as it ramps up engine production.
Oracle Buying Eloqua For About $811M
December 20, 2012 10:19 am | News | CommentsBusiness-software maker Oracle is adding to its cloud-computing capabilities with an $810.8 million purchase of software maker Eloqua. Oracle said Thursday that buying Eloqua will bolster its "cloud" technology for helping companies make decisions on their marketing, sales and customer support.
Google To Sell Part Of Motorola For $2.35B
December 19, 2012 8:55 pm | by Michael Liedtke, AP Business Writer | News | CommentsGoogle is selling Motorola Mobility's TV set-top business for $2.35 billion, lightening the load that the Internet search leader took on earlier this year when it completed the biggest acquisition in its history. The cash-and-stock deal announced late Wednesday will turn over Motorola's set-top division to Arris Group Inc.
Deublin Company Acquires Barco Seals
December 19, 2012 4:00 pm | News | CommentsEffective December 1, 2012, Deublin Company has acquired Barco Seals of Cary, IL. Both companies manufacture fluid power components used in a variety of equipment and process industries. “The Barco acquisition brings together two great brands with similar applications, along with many new products and markets,” explains Rob O’Brien, VP Sales & Marketing at Deublin Company.
Hillshire Brands Selling Australian Subsidiary
December 19, 2012 1:16 pm | News | CommentsThe Hillshire Brands Co. is selling an Australian subsidiary to McCain Foods Ltd. for approximately $85 million. The Chicago-based meat company, which was once part of the Sara Lee Corp., said late Tuesday that the deal will allow it to focus on its North American retail and food service business.
Total Fleet Solutions And The Miner Corporation Join Forces
December 19, 2012 12:13 pm | News | CommentsYesterday, Total Fleet Solutions, a portfolio company of CI Capital Partners, and The Miner Corporation announced that they have merged to form a leading provider of facilities services and asset management solutions for retail, distribution, manufacturing, health care and hospitality companies.
Workers United Members At HMX Celebrate Victory In Acquisition Deal With Authentic Brands Group
December 19, 2012 9:14 am | by Workers United | News | CommentsThe terms of the acquisition not only promise to save some 1100 U.S. jobs by maintaining operations of both brands at manufacturing plants in Rochester, NY and Des Plaines, IL, but also will ensure that the company is better capitalized and positioned to access global retail markets. The deal also will give workers 10 percent of company profits.
German Prosecutors Charge Ex-Porsche Chiefs
December 19, 2012 7:58 am | News | CommentsGerman prosecutors have charged two former Porsche executives with market manipulation in connection with the sports car company's failed takeover of Volkwagen AG. Prosecutors say former chief executive Wendelin Wiedeking and ex-chief financial officer Holger Haerter made misleading statements about the company's intentions in 2008.
