Polvo acquisition gives Grafton “market leading position in tools and fixings” in the Netherlands
Grafton Group is to acquire Polvo BV and its 51 branches for €131 million. Polvo BV is a leading Netherlands-based specialist in ironmongery, tools, ventilation systems, fixings and related products, wholesaling for construction and industry. The Netherlands has been a reliably strong performer for Grafton, which owns Isero, a specialist distributor of tools, ironmongery and […]
Bossard acquires fastening elements specialist BRUMA
Bossard has bolstered its position in the German market with the acquisition of BRUMA Schraub- und Drehtechnik, a specialist in customised engineering screws, fastening elements and turned parts for series production. BRUMA, based in Velbert, operates in a number of markets, particularly the automotive and electrical industries. It turns over €11 million annually and employs […]
PPG to acquire US coating firm Whitford
Whitford Worldwide Company (Whitford), a global manufacturer that specialises in low-friction and nonstick coatings for industrial applications and consumer products, is to be acquired by PPG Industries, Inc. The sales is being advised by Harris Williams, a middle market investment bank, led by Patrick McNulty, John Lautemann, Ty Denoncourt and Jeff Mullen of Harris Williams’ Industrials Group. The transaction is subject […]
Klein Tools buys work wear brand Ergodyne
Klein Tools, Inc and Tenacious Holdings, Inc (the parent company of Ergodyne) have announced that Klein Tools has acquired Ergodyne. Ergodyne will be operated as a separate business unit in St. Paul, Minnesota, at its current HQ. Tom Votel will remain President and continue to lead the Ergodyne team. Klein Tools, a sixth-generation, family-owned company […]
Techsil and M-tec complete merger
UK-based Techsil Limited has announced that following its acquisition of Aerospace and Defence industry suppliers, M-tec in May 2017, the two companies have now fully merged and M-tec is trading under the Techsil banner. Formed in 1983 by Smiths Industries, M-tec Limited was specifically set up to deal with the aerospace and defence market where […]
Atlas Copco acquires cryogenics business
Atlas Copco has agreed to acquire the cryogenics segment of Brooks Automation, Inc. The acquisition includes cryo pump operations located in Chelmsford, USA and Monterrey, Mexico, a worldwide network of sales and service centers and Brooks Automation’s 50% share of Ulvac Cryogenics, Inc., (UCI). NASDAQ-listed Brooks Automation company is HQ’s in Chelmsford, MA, with around 400 employees […]
Hadley acquires cold rolled steel specialist EWS (Manufacturing) Ltd
Hadley Group has bought EWS (Manufacturing) Ltd in a move that reaffirms the group’s commitment to the construction, automotive, industrial and agriculture markets with advanced cold rolled steel technology, in the UK and internationally, Hadley Group has offered innovative steel solutions with real world applications since it was established in 1964, with expertise and manufacturing […]
NORMA’s latest acquisition to boost its coffers by €2.5 million
Statek, NORMA’s latest acquisition, is expected to add €2.5 million to its bottom line this year. Statek has produced housings and tension springs for worm-drive hose clamps for many years. In 2017, Statek achieved sales of around €17.2 million, 70% of which was generated with its largest customer, NORMA. Statek supplies other customers in Germany […]
ROYD Tool Group acquires Optimaxx
Leading power tool and accessory supplier ROYD Tool Group has announced the recent acquisition of high performance woodscrew brand Optimaxx. Optimaxx will be ROYD Tool Group’s third addition to its portfolio, alongside SMART’s multi-tools, blades and accessories and ACER’s professional construction marker range. Based in Essex, Optimaxx has grown rapidly since its founding in 2014. […]
SIG sells fastener & fixing distributor VJ Technology for £30 million
European supplier of specialist building product SIG plc has agreed to sell VJ Technology (VJT) to Primary Capital, a UK private equity investment firm, following a competitive disposal process. VJT is a UK distributor of technical fixings, fasteners and consumables to the infrastructure, commercial and wider construction industry, and part of SIG Distribution. The sale comes […]