According to various news reports, ProBuild Holdings, Denver, CO, has purchased CTX Builders Supply from homebuilder Centex Corp., Dallas, TX.
CTX has six manufacturing and distribution centers throughout the …
ProBuild Holdings Buys CTX Builders Supply Read More »
Private equity firm Platinum Equity has agreed to buy SCM Metal Products Inc. from Gibraltar Industries, Inc. SCM manufactures and distributes copper-based powder and pastes and copper oxide powders to a broad range of industries.
SCM has manufacturing facilities in Research Triangle Park, NC, and Suzhou, China.
This is a very exciting time for all of us at SCM,”said Barton White, president of SCM. “We expect to have additional resources to grow our business both organically and through M&A transactions. There are many opportunities for growth in the U.S., China and the other export markets SCM serves in the powder metallurgy, chemical, electronics and industrial markets.”
Platinum has a history in the metals business.
In August 2008 …
Platinum Equity Agrees to Buy SCM Metal Products Read More »
Monomoy Capital Partners, L.P., a New York private equity fund, has received final bankruptcy court approval to acquire the molded products group of Atlantis Plastics, Inc. for $23.1 million in cash and the assumption of $7 million in liabilities.
The Atlantis molded products group is a $110 million manufacturer of custom plastic components for the appliance, recreational vehicle, building products and automotive industries. The division’s largest customer is Whirlpool, Inc., manufacturer of home appliances in North America.
Monomoy will combine the Atlantis molded product group with its recent acquisition of L&P Plastics from Leggett &Platt to form a diversified custom molding business for the appliance, furniture, building products and medical device …
Monomoy Capital to Acquire Atlantis Products Molded Plastics Group Read More »
Conroe, TX-based Shumate Machine Works Corp., a subsidiary of Shumate Industries Inc., has been acquired by American International Industries, Inc., Kemah, TX, for $6.4 million in cash. The company will operate as a wholly-owned AMIN subsidiary, Shumate Energy Technologies, Inc.
SET manufactures highly specialized equipment for energy industry customers and had about $8 million in revenues for 2007. Larry Shumate, president and CEO of Shumate Industries, Inc., has been appointed president of SET.
AMIN expects the additional revenues generated by the acquisition will qualify the Company’s shares to be listed on the major Nasdaq exchange.
American International Industries, Inc. is a diversified holding company, with holdings in Industry, Finance, and …
Shumate Machine Works Acquired Read More »
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