M&A Deal Summary

Andronaco Industries Acquires Diamond

On June 26, 2024, Andronaco Industries acquired manufacturer Diamond

Acquisition Highlights
  • This is Andronaco Industries’ 1st transaction in the Manufacturing sector.
  • This is Andronaco Industries’ 1st transaction in the United States.
  • This is Andronaco Industries’ 1st transaction in Texas.

M&A Deal Summary

Date 2024-06-26
Target Diamond
Sector Manufacturing
Buyer(s) Andronaco Industries
Deal Type Add-on Acquisition

Target

Diamond

Victoria, Texas, United States
Diamond manufactures custom-engineered Fiberglass Reinforced Plastic (FRP) tanks and vessels. The company also provides field services that include general maintenance, complex turnaround installations, emergency services, and on-site FRP tank inspections. Diamond was formed in 1986 and is based in Victoria, Texas.

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Buyer(S) 1

Buyer

Andronaco Industries

Kentwood, Michigan, United States

Category Company
Founded 1994
Sector Manufacturing
DESCRIPTION

Andronaco Industries manufactures pipes, valves, hoses, pumps, and other flow control products for applications that require corrosion resistant properties for end customers in chemical, utilities, water and wastewater, energy, and other diversified industrial end markets. Andronaco Industries was founded in 1994 and is based in Kentwood, Michigan.


DEAL STATS #
Overall 1 of 1
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1