As manufacturers strive to optimize and improve profitability, they often use various business strategies to stay competitive. These actions include mergers, acquisitions, promotions, layoffs, funding, and much more. Below are just a few of the companies that are making moves and making headlines in the industrial sector.
Capital: Parter, an AI-powered platform helping hardware teams navigate complexity and disruption, has announced $5.5 million in seed funding led by StageOne Ventures. The funding will accelerate Parter’s product development, U.S. expansion, and go-to-market strategy as the company emerges from stealth. In a recent quote, Asaf Israelit, co-founder and CEO of Parter, said, "Our customers are under pressure from every direction. Data is siloed, teams are disconnected, and global instability makes everything harder. We built Parter to bring clarity. Our platform connects data, teams, and decisions so hardware companies can streamline their operations and move with confidence - all thanks to AI."
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Acquisition: BRP Inc. has entered into a definitive agreement to sell its Manitou assets in Lansing, Michigan, to the Marcott family, owners of Bentley Pontoons, as part of its strategy to exit the Marine business and focus on Powersports. The transaction is expected to close during BRP’s third quarter of Fiscal 2026, with both parties collaborating to ensure a smooth transition. In a recent quote, José Boisjoli, President and CEO of BRP, said, "Today marks another key step in our process to sell our Marine businesses. I am proud of the strong foundation we have built for Manitou and I sincerely thank all employees and dealers for their commitment and resilience over the years. I wish them the very best in this next journey."
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Acquisition: Additive manufacturer Nexa3D announced that Stratasys has acquired selected assets from the company, including intellectual property and some remaining equipment, though the value of the deal was not disclosed. Stratasys said in a LinkedIn post that the acquisition will enhance the development of its advanced manufacturing solutions to meet production floor needs. Its subsidiary iSquared AG will support Nexa3D customers by providing spare parts, materials, and services, and will send onboarding documents to assist in the transition. Stratasys, which has previously acquired companies such as Origin and Forward AM, operates globally with headquarters in the U.S. and Israel.
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Capital: Cobionix has secured $3 million in funding led by TitletownTech, with participation from Lions Investment and Dr. Paul McBeth, to commercialize CODI, its adaptable robotic platform aimed at improving healthcare through automation and AI. The funding will support ongoing clinical pilots in Canada, the U.S., and the U.K., and accelerate CODI’s® transition from development to real-world deployment, particularly in the U.S. market. In a recent quote, Matthew Sefati, CEO of Cobionix, said, "This partnership with TitletownTech marks a significant milestone in our mission to revolutionize healthcare delivery and drive the advancement of human and machine at the patient's bedside."
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Acquisition: WinCup, Inc. has acquired ConverPack Inc., a global paper cup manufacturer, in a strategic move to expand its capabilities in both traditional and eco-friendly foodservice products, including its marine biodegradable phade line. The acquisition allows WinCup to strengthen its position in the $3 billion paper cup market and supports the continued growth and availability of phade cups, which are now sold exclusively at Walmart nationwide. In a recent quote, Brad Laporte, CEO of WinCup, said, “At WinCup, we have a long history of setting the standard for environmental responsibility, and deciding to acquire ConverPack will vastly expand hot and cold cup production, as well as help to grow our phade® line of PHA-coated paper cups. This strategic acquisition allows us to remain environmentally focused through innovation and meet our customers' demands for advanced, plastic-free alternatives as well as traditional foodservice products.”
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