Industrial mergers and acquisitions: Timken, Prometheus, Metalworks, and more

Industrial mergers and acquisitions: Timken, Prometheus, Metalworks, and more

Jan. 17, 2024
In this business roundup, learn how organizations are combining and reorganizing to become more productive and profitable.

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.” 
Learn more

Metalworks Inc. to purchase Flairwood 
The acquisition will increase Metalworks’ manufacturing capabilities, industries served and its customer base. 
Learn more

Norda Stelo Inc. acquires CWA Engineers Inc. 
The acquisition will leverage Norda Stelo’s core strengths in ESG and asset management, and CWA’s legacy of engineering solutions. 
Learn more

Prometheus Group to purchase MobilOps from Turner Industries 
Prometheus Group hopes to integrate MobilOps into its suite of solutions. 
Learn more

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. 
Learn more

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. 

Sponsored Recommendations

Jan. 22, 2025
Discover how INNOMAG® is transforming pump selection with innovative design and unparalleled performance. Learn how this breakthrough solution simplifies operations, enhances ...
Jan. 14, 2025
Struggling with a troublesome pump? Get a reliable solution in just five days with the fastest, most advanced sealless pump on the market.
Jan. 14, 2025
INNOMAG® pumps save energy and maintain peak efficiency over time—no wear and tear. Discover how they can lower your operating costs and increase reliability.
Jan. 14, 2025
Say goodbye to leaks for good. Discover how the hermetically sealed INNOMAG® pump delivers leak-free performance—even under the toughest conditions.