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.
Ramco Innovations has been acquired by Sukup Manufacturing Co.
Ramco will join startup studio Maple Studios under the new entity Sukup Innovations.
Linamar Corporation announces acquisition of Bourgault Industries Ltd.
Linamar, an advanced manufacturing company, hopes the purchase of the agriculture equipment manufacturer will enhance its offerings in the industrial sector.
Cornerstone Buildings Brands to expand impact-resistant product offering with acquisition of Eastern Architectural Systems
“EAS is an excellent strategic fit for Cornerstone Building Brands and advances our strategy to increase exposure to high-growth regions with value-add products.”
Masonite International Corporation to purchase PGT Innovations, Inc.
Masonite, which designs and manufactures interior and exterior doors, will acquire the patio door and window solutions company for $3 billion.
INFICON to acquire all assets of FabTime
INFICON hopes the addition to its suite of Smart Manufacturing products will support the company's mission to enable autonomous semiconductor manufacturing.