M&A Deal Summary

Andritz Acquires AFI Hydro

On May 6, 2014, Andritz acquired metals/mining company AFI Hydro from Craig Capital

Acquisition Highlights
  • This is Andritz’s 1st transaction in the Metals/Mining sector.
  • This is Andritz’s 1st transaction in Canada.
  • This is Andritz’s 1st transaction in Ontario.

M&A Deal Summary

Date 2014-05-06
Target AFI Hydro
Sector Metals/Mining
Buyer(s) Andritz
Sellers(s) Craig Capital
Deal Type Add-on Acquisition

Target

AFI Hydro

Paris, Ontario, Canada
AFI Hydro, Inc. is a designer and manufacturer of water control gates for hydroelectric generating stations in Canada, the country that is the world’s second largest producer of hydroelectricity. Producing articulated (i.e., stacked) gates up to 50 feet high and 50 feet wide and to extremely tight tolerances (e.g., 15 thousandths of an inch), AFI helps provincial and private hydroelectric generators provide safe, reliable, and renewable electricity. AFI Hydro was founded in 1992 and is based in Paris, Ontario.

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Buyer(S) 1

Buyer

Andritz

Graz, Austria

Category Company
Founded 1852
Sector Machinery
Employees30,115
Revenue 8.7B EUR (2023)
DESCRIPTION

Andritz is a manufacturer of machinery and equipment for the pulp and paper industry, the steel industry and water treatment industries. Andritz was incorporated in 1852 and is based in Graz, Austria.


DEAL STATS #
Overall 4 of 6
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 4 of 5
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-02 ANDRITZ KMPT

Vierkirchen, Germany

ANDRITZ KMPT GmbH manufactures Krauss-Maffei centrifuges, filters, dryers, and process systems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-13 Novimpianti Drying Technology S.r.l

Lucca, Italy

Novimpianti Drying Technology S.r.l is a manufacturer of tissue and paperboard machines. Novimpianti Drying Technology is based in Lucca, Italy.

Buy -

Seller(S) 1

SELLER

Craig Capital

Greenwich, Connecticut, United States

Category Private Equity Firm
Founded 1989
Size Small
Type Sector Agnostic
DESCRIPTION

Craig Capital Corp. is a private equity firm focused on leveraged buyouts of well-managed, highly profitable businesses that may be underappreciated for various reasons. Examples include businesses in out of favor sectors, companies that are difficult to finance, businesses missing key members of management, or discontinued operations of larger corporations. Craig's target investment size is $4 to $25 million per transaction. Prospective companies typically have at least $4 million of EBITDA. Craig Capital is based in Greenwich, Connecticut with additional offices in Burlington, Vermont and Palm Beach, Florida.


DEAL STATS #
Overall 3 of 3
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-14 Pure Romance

Cincinnati, Ohio, United States

Pure Romance is an operator of leading and fastest-growing woman-to-woman direct seller of relationship enhancement products. Pure Romance markets its premier line of products, ranging from bedroom accessories to beauty products to lingerie. Pure Romance was founded in 1993 and is based in Cincinnati, Ohio.

Buy -