Control Systems / Lean Six Sigma

Manufacturers building an appetite for deals

By Crain's Cleveland Business

Apr 04, 2016

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It’s a pretty good time for anyone looking to buy or sell a manufacturing company.

Experts expect a strong 2016 for merger and acquisition activity in the sector. There are some factors, like the availability of affordable financing, creating a good environment for M&A activity across all sectors, but other issues, like the need to stay competitive technologically, are driving deals specifically in manufacturing.

This M&A activity is apparent with some high-profile deals currently underway in Northeast Ohio — namely Cleveland-based paintmaker Sherwin-Williams Co.’s plan to purchase Minneapolis-based Valspar Corp., and North Canton ATM manufacturer Diebold Co.’s takeover attempt of Wincor Nixdorf of Germany.

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