Add-on Acquisition • Diversified

Carolina Prescision Technologies Acquires Renchel Tool

On July 31, 2019, Carolina Prescision Technologies acquired diversified company Renchel Tool

Acquisition Context

This is Carolina Prescision Technologies’ 1st transaction in the Diversified sector.
This is Carolina Prescision Technologies’ 1st transaction in the United States.
This is Carolina Prescision Technologies’ 1st transaction in Connecticut.

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M&A Deal Summary
Date	July 31, 2019
Target	Renchel Tool
Sector	Diversified
Buyer(s)	Carolina Prescision Technologies
Deal Type	Add-on Acquisition

Target Company

Renchel Tool

Putnam, Connecticut, United States

Renchel Tool, Inc. is a manufacturer of orthopedic instruments and implants, as well as aerospace and petrochemical applications. Renchel Tool was founded in 1982 and is based in Putnam, Connecticut.

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Buyer Overview 1

Buyer

Carolina Prescision Technologies

Mooresville, North Carolina, United States

Category	Company
Founded	1998
Sector	Manufacturing

DESCRIPTION

Carolina Precision Technologies is a manufacturer of complex, high precision, and tight tolerance products and services to the Life Science and Aerospace industries. Carolina Precision Technologies was founded in 1998 and is based in Mooresville, North Carolina.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Diversified	1 of 1
Type: Add-on Acquisition	1 of 1
State: Connecticut	1 of 1
Country: United States	1 of 1
Year: 2019	1 of 1

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