M&A Deal Summary

MTD Products Acquires Cub Cadet

On January 1, 1981, MTD Products acquired machinery company Cub Cadet from Navistar International

Acquisition Highlights
  • This is MTD Products’ 1st transaction in the Machinery sector.
  • This is MTD Products’ 1st transaction in the United States.
  • This is MTD Products’ 1st transaction in Ohio.

M&A Deal Summary

Date 1981-01-01
Target Cub Cadet
Sector Machinery
Buyer(s) MTD Products
Sellers(s) Navistar International
Deal Type Divestiture

Target

Cub Cadet

Valley City, Ohio, United States
Cub Cadet riding lawnmowers on display at a Home Depot store.
Cub Cadet riding lawnmowers on display at a Home Depot store.
Cub Cadet is a manufacturer of turf care machinery and supplies. The Company was formed in 1961 and is based in Valle City, Ohio.

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Buyer(S) 1

Buyer

MTD Products

Valley City, Ohio, United States

Category Company
Founded 1932
Sector Manufacturing
DESCRIPTION

MTD Products is a manufacturer of mowers, snowblowers, trimmers, and outdoor power equipment for both residential and commercial markets. MTD Products was founded in 1932 and is headquartered in Valley City, Ohio.


DEAL STATS #
Overall 1 of 3
Sector: Machinery M&A 1 of 2
Type: Divestiture M&A Deals 1 of 1
State: Ohio M&A 1 of 1
Country: United States M&A 1 of 3
Year: 1981 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-11-01 MTD Automotive Repair

Lawrenceville, Georgia, United States

MTD Automotive Repair, Inc provides automotive serives like Flat Tire Repair, Oil Change, Balance, Mounting, Rotation, and Wheel Alignment in Lawrenceville, GA.

Sell -

Seller(S) 1

SELLER

Navistar International

Lisle, Illinois, United States

Category Company
Founded 1902
Sector Automotive
Revenue 11.3B USD (2019)
DESCRIPTION
Navistar's corporate headquarters in Lisle, Illinois.
Navistar's corporate headquarters in Lisle, Illinois.

Navistar is a manufacturer of commercial trucks, diesel engines and parts, school and commercial buses, and automotive chassis. Navistar was formerly known as International Harvester. Navistar was founded in 1902 and is based in Lisle, Illinois.


DEAL STATS #
Overall 1 of 7
Sector: Machinery M&A 1 of 2
Type: Divestiture M&A Deals 1 of 7
State: Ohio M&A 1 of 1
Country: United States M&A 1 of 7
Year: 1981 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1981-05-31 Solar Turbines Incorporated

San Diego, California, United States

Headquartered in San Diego, California, USA, Solar Turbines Incorporated is a manufacturer of industrial gas turbines, with more than 14,500 units and over 2 billion operating hours in 100 countries.

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