Industrial mergers and acquisitions: GM, Timken, Snap-on, and more

Industrial mergers and acquisitions: GM, Timken, Snap-on, and more

Dec. 9, 2023
In this business roundup, learn how newly announced M&As are affecting the industry. 

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 Gajewski | Senior Content Strategist

Alexis Gajewski has over 15 years of experience in the maintenance, reliability, operations, and manufacturing space. She joined Plant Services in 2008 and works to bring readers the news, insight, and information they need to make the right decisions for their plants. Alexis also authors “The Lighter Side of Manufacturing,” a blog that highlights the fun and innovative advances in the industrial sector. 

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