Industrial mergers and acquisitions: GM, Timken, Snap-on, and more
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.
GM purchases Tooling & Equipment International, an important Tesla supplier
The acquisition is allegedly a key part of the U.S. automaker's strategy to make up ground on Tesla.
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Timken plans to acquire Rosa Sistemi
Rosa Sistemi manufactures roller guideways, linear bearings, customized linear systems and actuators, commercialized ball guideways and precision ball screws.
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Snap-on acquires Mountz for $40 million
Snap-on hopes the acquisition will complement and expand the company’s torque offerings.
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Sandvik agrees to acquire Buffalo Tungsten
Buffalo Tungsten currently produces tungsten metal powder and tungsten carbide powder in the U.S.
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Quantum Materials purchases Innegra portfolio of fibers and materials
Quantum Materials currently manufactures multifilament and monofilament yarns, elastomeric woven suspension fabrics and industrial textiles.
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About the Author
Alexis GajewskiAlexis Gajewski
Senior Content Strategist
Alexis Gajewski is a manufacturing writer and editor with nearly 20 years of experience covering the people, practices, and technologies that keep industrial facilities running. For more than a decade, she served as Senior Content Strategist for Plant Services, creating content for plant managers, engineers, and maintenance professionals on a variety of industrial topics.
During her tenure, Alexis worked to develop the brand’s digital strategy and helped launch and produce Great Question: A Manufacturing Podcast. She also created The Lighter Side of Manufacturing, a weekly blog that explored the inventive and sometimes humorous side of the industry.
Alexis co-founded Influential Women in Manufacturing, a recognition program that honored 49 women in its first two years, earned an industry award for Best Product Launch, and received a proclamation from Illinois Governor JB Pritzker and a commendation from U.S. Senator Tammy Duckworth.
She also led newsroom operations and development at a large media company where she set editorial standards, developed training curriculum, and helped support AI adoption for more than 150 editors across 80+ brands spanning manufacturing, industrial processing, automation, and more.
Additionally, Alexis works as a freelance writer and editor, and her areas of interest include continuous improvement, the skilled workforce, and the role of emerging technology on the plant floor.
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