M&A Deal Summary

Apache Acquires AG Belt

On April 1, 2010, Apache acquired machinery company AG Belt

Acquisition Highlights
  • This is Apache’s 2nd transaction in the Machinery sector.
  • This is Apache’s 3rd transaction in the United States.
  • This is Apache’s 1st transaction in Iowa.

M&A Deal Summary
Date 2010-04-01
Target AG Belt
Sector Machinery
Buyer(s) Apache
Deal Type Add-on Acquisition

Target

AG Belt

Des Moines, Iowa, United States
AG Belt, Inc. is a manufacturer and distributor of fabricated belting products, conveyor belting and industrial and retail hose products.

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Buyer(S) 1

Buyer

Apache

Cedar Rapids, Iowa, United States
Category Company
Sector Distribution
DESCRIPTION

Apache, Inc. is a wholesale distribution of hose products, conveyor belting, fabricated belting products, and retail industrial products.

DEAL STATS #
Overall 3 of 6
Sector (Machinery) 2 of 2
Type (Add-on Acquisition) 3 of 6
State (Iowa) 1 of 1
Country (United States) 3 of 6
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-09 Ex-Cel Belting

St. Louis, Missouri, United States

Ex-Cel Belting is a manufacture of engineered products baler belts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-01 Seals Unlimited

Hillsboro, Oregon, United States

Seals Unlimited, Inc. is a distributor of sealing, fastener and hose products.

Buy -
Mergr

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