M&A Deal Summary

MISUMI Group Acquires Dayton Progress

On October 17, 2012, MISUMI Group acquired machinery company Dayton Progress from Connell Limited Partnership

Acquisition Highlights
  • This is MISUMI Group’s 1st transaction in the Machinery sector.
  • This is MISUMI Group’s 2nd transaction in the United States.
  • This is MISUMI Group’s 1st transaction in Ohio.

M&A Deal Summary
Date 2012-10-17
Target Dayton Progress
Sector Machinery
Buyer(s) MISUMI Group
Sellers(s) Connell Limited Partnership
Deal Type Add-on Acquisition

Target

Dayton Progress

Dayton, Ohio, United States
website
Dayton Progress Corporation is the global industry leader in the production of punches, pilots, dies, retainers and other metal stamping and forming tools serving the automotive, housing, appliance and ammunition industries. Through its subsidiary PCS Company, it is also a North American leader in the sale of mold bases, components and hot runner systems for plastic injection molds. Dayton has approximately 800 employees located in the U.S., Canada, Mexico, Japan, Taiwan, Portugal, France, Germany, Poland, the Czech Republic and the United Kingdom.

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Buyer(S) 1

Buyer

MISUMI Group

Tokyo, Japan

website

Category Company
Sector Manufacturing
DESCRIPTION

MISUMI is a Japan-based manufacture company operating in four business segments including die components, factory automation, electronics and tools and consumables.

DEAL STATS #
Overall 3 of 4
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (Ohio) 1 of 1
Country (United States) 2 of 2
Year (2012) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-17 PCS Company

Fraser, Michigan, United States

PCS Company is a leading North American supplier of mold bases, components, and hot runner systems to the plastics and metal die cast industries. PCS has three sales and manufacturing facilities in the United States. The primary markets of PCS include mold makers, plastic injection molders, and die casters serving the automotive, appliance, electronics, consumer and medical industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-14 Anchor Danly

Windsor, Ontario, Canada

Anchor Danly is a manufacturer and distributor of critical industrial tooling and related components and provider of metal fabrication services to tool and mold companies and other industrial OEMs. The company provides high quality die sets, ground and machined steel plates, metal fabrications and components, serving a diverse blue-chip customer base of leading manufacturing companies across diverse end markets.

Buy $200M

Seller(S) 1

SELLER

Connell Limited Partnership

Boston, Massachusetts, United States

website

Category Private Equity Firm
Founded 1987
Size Small
Type Sector Agnostic
DESCRIPTION

Connell Limited Partnership is a private acquisition group that targets companies in the industrial manufacturing sector. Connell has a particular interest in businesses engaged in the metallurgy and manufacturing of metal products. Connell was formed in 1987 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 5 of 7
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 5 of 6
State (Ohio) 1 of 1
Country (United States) 5 of 5
Year (2012) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-17 PCS Company

Fraser, Michigan, United States

PCS Company is a leading North American supplier of mold bases, components, and hot runner systems to the plastics and metal die cast industries. PCS has three sales and manufacturing facilities in the United States. The primary markets of PCS include mold makers, plastic injection molders, and die casters serving the automotive, appliance, electronics, consumer and medical industries.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-14 Anchor Danly

Windsor, Ontario, Canada

Anchor Danly is a manufacturer and distributor of critical industrial tooling and related components and provider of metal fabrication services to tool and mold companies and other industrial OEMs. The company provides high quality die sets, ground and machined steel plates, metal fabrications and components, serving a diverse blue-chip customer base of leading manufacturing companies across diverse end markets.

Sell $200M
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