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.
Timken purchases sealing solutions company Lagersmit
“The business serves leading propulsion manufacturers, ship owners, pump makers and other industrial customers around the globe that require advanced sealing systems.”
Prometheus Group to purchase MobilOps from Turner Industries
Prometheus Group hopes to integrate MobilOps into its suite of solutions.
US LBM acquires Dallas-Fort Worth operations of ZyTech Building Systems
With this acquisition, US LBM now operates 10 locations in the Dallas-Fort Worth metroplex.