M&A Deal Summary

Carolina Prescision Technologies Acquires Renchel Tool

On July 31, 2019, Carolina Prescision Technologies acquired diversified company Renchel Tool

Acquisition Highlights
  • This is Carolina Prescision Technologies’ 1st transaction in the Diversified sector.
  • This is Carolina Prescision Technologies’ 1st transaction in the United States.
  • This is Carolina Prescision Technologies’ 1st transaction in Connecticut.

M&A Deal Summary
Date 2019-07-31
Target Renchel Tool
Sector Diversified
Buyer(s) Carolina Prescision Technologies
Deal Type Add-on Acquisition

Target

Renchel Tool

Putnam, Connecticut, United States
website
Renchel Tool, Inc. is a manufacturer of orthopedic instruments and implants, as well as aerospace and petrochemical applications. Renchel Tool was founded in 1982 and is based in Putnam, Connecticut.

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Buyer(S) 1

Buyer

Carolina Prescision Technologies

Mooresville, North Carolina, United States

website

Category Company
Founded 1998
Sector Manufacturing
DESCRIPTION

Carolina Precision Technologies is a manufacturer of complex, high precision, and tight tolerance products and services to the Life Science and Aerospace industries. Carolina Precision Technologies was founded in 1998 and is based in Mooresville, North Carolina.

DEAL STATS #
Overall 1 of 1
Sector (Diversified) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
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