As companies strive to become more optimized and improve profitability, they often use various business strategies to stay competitive, including mergers and acquisitions. Like other industries, many manufacturers and service providers choose to increase business by buying or combining with other companies. Here are a few recent mergers and acquisitions that are poised to change the industry.
Arclin has completed its acquisition of Belle Chemical Company
Arclin hopes the acquisition will help the company expand its product presence into markets that are adjacent to its core chemistries and business.
Stratasys' plan to acquire Desktop Metal falls through
Stratasys shareholders did not approve the terms of the previously announced merger agreement.
Scotchman Industries and Steelmax Tools join forces to create SMX Industrial Solutions
Both companies provide steel fabrication equipment and solutions, and hope the combination will expand their portfolios.
White Cap has acquired BrownCo Manufacturing & Sales
White Cap hopes that BrownCo's knowledgeable team and local presence will allow the company to expand its footprint.
Timken to acquire Engineered Solutions Group (a.k.a. Innovative Mechanical Solutions or iMECH)
iMECH manufactures thrust bearings, radial bearings, specialty coatings and other components primarily used in the energy industry.