M&A Deal Summary

Bodycote Acquires Carolina Commercial Heat Treating

On October 16, 2012, Bodycote acquired manufacturer Carolina Commercial Heat Treating from Bluewater Thermal Solutions for 68M USD

Acquisition Highlights
  • This is Bodycote’s 1st transaction in the Manufacturing sector.
  • This is Bodycote’s largest (disclosed) transaction.
  • This is Bodycote’s 2nd transaction in the United States.
  • This is Bodycote’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2012-10-16
Target Carolina Commercial Heat Treating
Sector Manufacturing
Buyer(s) Bodycote
Sellers(s) Bluewater Thermal Solutions
Deal Type Divestiture
Deal Value 68M USD

Target

Carolina Commercial Heat Treating

Reidsville, North Carolina, United States
Carolina Commercial Heat Treating, Inc. engages in off-road vehicle and heavy truck manufacturing and a growing presence in aerospace and energy markets. Carolina Commercial Heat Treating (CCHT LLC) comprising six facilities in the South Eastern USA, together with an additional facility in Southern Indiana. The majority of the business serves the general industrial hinterland of the Carolinas, Georgia, Alabama and Tennessee

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Buyer(S) 1

Buyer

Bodycote

Macclesfield, United Kingdom

website

Category Company
Founded 1923
Sector Machinery
Employees4,757
Revenue 616M GBP (2021)
DESCRIPTION

Bodycote is a supplier of heat treatments, metal joining, hot isostatic pressing and coatings services. Bodycote was incorporated in 1923 and is based in Macclesfield, the United Kingdom.

DEAL STATS #
Overall 4 of 6
Sector (Manufacturing) 1 of 1
Type (Divestiture) 3 of 3
State (North Carolina) 1 of 1
Country (United States) 2 of 3
Year (2012) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-02 Curtiss-Wright - Heat Treating Business

United States

Curtiss-Wright - Heat Treating Business comprises nine sites in Northern and Central USA serving a wide range of industries but with a particular focus on commercial aerospace and oil & gas (34% of sales). It also features some key automotive accounts (20% of sales).

Buy $52M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-09 Nitrex Metal Technologies

Burlington, Ontario, Canada

Nitrex Metal Technologies is a fully integrated, state of the art, premium surface treatment facility dedicated to creating and maintaining partnerships founded on a business culture that delivers on commitment to service and quality without compromise.

Buy -

Seller(S) 1

SELLER

Bluewater Thermal Solutions

Greenville, South Carolina, United States

website

Category Company
Founded 1996
Sector Metals/Mining
DESCRIPTION
Bluewater Thermal's headquarters in Greenville, South Carolina.
Bluewater Thermal's headquarters in Greenville, South Carolina.

Bluewater Thermal Solutions is a commercial heat treatment and brazing plants company. Bluewater offers thermal processing options including specialty operations designed to meet the needs of a diverse collection of industries. It offers heat treating services, including age hardening, hardening, annealing, carbon restoration, case hardening, induction hardening, etc. Bluewater Thermal Solutions was founded in 1996 and is based in Greenville, South Carolina.

DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-08 Texas Energy Laboratories

Houston, Texas, United States

Texas Energy Laboratories, Inc. provides metallurgical and mechanical testing.

Buy -
Mergr

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