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  5. Cone Drive Group Acquires Jiangyin Huafang New Energy Hi-Tech Equipment Co.

M&A Deal Summary

Cone Drive Group Acquires Jiangyin Huafang New Energy Hi-Tech Equipment Co.

On September 29, 2014, Cone Drive Group acquired machinery company Jiangyin Huafang New Energy Hi-Tech Equipment Co.

Acquisition Highlights
  • This is Cone Drive Group’s 1st transaction in the Machinery sector.
  • This is Cone Drive Group’s 1st transaction in China.

M&A Deal Summary
Date 2014-09-29
Target Jiangyin Huafang New Energy Hi-Tech Equipment Co.
Sector Machinery
Buyer(s) Cone Drive Group
Deal Type Add-on Acquisition

Target

Jiangyin Huafang New Energy Hi-Tech Equipment Co.

Jiangyin, China
Jiangyin Huafang New Energy Hi-Tech Equipment Co., Ltd. is a precision slewing drive and precision slewing bearing manufacturer located in Jiangyin City, Jiangsu Province, China.

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Buyer(S) 1

Buyer

Cone Drive Group

Traverse City, Michigan, United States
Category Company
Founded 1925
Sector Machinery
Employees500
DESCRIPTION

Cone Drive Group is a manufacturer of precision motion control product solutions that offer the highest levels of accuracy, precision, shock loading capacity and torque density for a range of precision motion control and power transmission applications.

DEAL STATS #
Overall 1 of 1
Sector: Machinery M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2014 M&A 1 of 1
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