Corning Mergers and Acquisitions Summary

Manufacturing Company

Corning has acquired 19 companies, including 3 in the last 5 years. A total of 7 acquisitions came from private equity firms. It has also divested 5 assets.

Corning’s largest acquisition to date was in 2000, when it acquired NetOptix for $2.0B. Corning has acquired in 7 different US states, and 5 countries. The Company’s most targeted sectors include communications (24%) and electrical equipment (24%).

Join Mergr and gain access to Corning’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the manufacturing sector.

M&A Summary

  • M&A Total Activity22
    • M&A Buy Activity17
    • M&A Sell Activity5
  • Total Sectors Invested 10
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 15
  • M&A Advisors 2

Corning, Inc.

One Riverfront Plaza,
Corning, New York 14831
United States,
(607) 974-9000
www.corning.com

Corning, Inc. is engaged in the manufacture of specialty glass and ceramics. The Company creates and makes keystone components that enable systems for consumer electronics, mobile emissions control, optical communications and life sciences. Corning was founded in 1851 and is based in Corning, New York.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.2/yr) # 16 1 - - - - 17
vol $3.6B $3.6B
Sell (0.0/yr) # 5 - - - - - 5
  22

Most Recent M&A

Company Date Value Type
SpiderCloud Wireless, Inc. 2017-07-19 - Add-on Acquisition
San Jose, California · www.spidercloud.com
STRAN Technologies, Inc. 2016-12-20 - Add-on Acquisition
Naugatuck, Connecticut · www.strantech.com
Alliance Fiber Optic Products, Inc. 2016-04-07 305M USD Add-on Acquisition
Sunnyvale, California · www.afop.com
iBwave Solutions, Inc. 2015-04-02 - Add-on Acquisition
Montreal, Quebec · www.ibwave.com
Mediatech, Inc. 2015-03-26 - Divestiture
Manassas, Virginia · www.cellgro.com
TR Manufacturing, Inc. 2014-12-15 - Add-on Acquisition
Fremont, California · www.trmfginc.com
Samsung Electronics - Fiber Optics Business 2014-12-02 - Divestiture
Haikou, China
Corning Quantum Cascade Laser Business 2014-10-27 - Divestiture
, United States
Corning - SunSensors Operations 2014-05-20 - Divestiture
, United States
Bargoa S/A 2013-02-27 - Divestiture
Rio de Janeiro, Brazil · www.bargoa.com.br
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Electrical Equipment 4 (24%) - 1 (20%) -
Communications 4 (24%) 2.0B (55%) - -
Manufacturing 1 (6%) 400M (11%) 2 (40%) -
Software 2 (12%) - - -
Medical Products 1 (6%) - 1 (20%) -
Test/Measurement Equipment 1 (6%) 190M (5%) 1 (20%) -
Healthcare Services 1 (6%) 720M (20%) - -
Machinery 1 (6%) - - -
Plastics 1 (6%) - - -
Technology Hardware 1 (6%) 305M (8%) - -
Total 17 $3.6B 5 -

By Geo

State/Country Buy Value Sell Value
United States 13 3.6B 4 -
  California 4 705M - -
  Massachusetts 3 2.7B - -
  Virginia 2 - 1 -
  New York 1 190M 1 -
  North Carolina 1 - - -
  New Hampshire 1 - - -
  Connecticut 1 - - -
Brazil 1 - - -
Canada 1 - - -
  Quebec 1 - - -
China 1 - - -
France 1 - - -
Germany - - 1 -
Domestic 13 (76%) 3.6B (100%) 4 (80%) -
Cross-border 4 (24%) - 1 (20%) -
Total 17 $3.6B 5 -

Top M&A Advisors

Financial Deals
Lincoln International
2
Legal Deals
Nixon Peabody LLP
1

Deal Values

buy # Total
> $1B 1 $2.0B
$100M to $1B 4 $1.6B
TOTAL $3.6B
Largest NetOptix Corp.
$2.0B (2000-02-15)

M&A Connections

Deals
Acquired from
Investor(s)
29%
5 (29%)
Strategic(s)
18%
3 (18%)
Divested to
Strategic(s)
100%
5 (100%)

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