M&A Deal Summary

Corning Acquires Gilbert Engineering

On May 1, 2001, Corning acquired electrical equipment company Gilbert Engineering

Acquisition Highlights
  • This is Corning’s 1st transaction in the Electrical Equipment sector.
  • This is Corning’s 4th transaction in the United States.
  • This is Corning’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2001-05-01
Target Gilbert Engineering
Sector Electrical Equipment
Buyer(s) Corning
Deal Type Add-on Acquisition

Target

Gilbert Engineering

Statesville, North Carolina, United States
Gilbert Engineering Co.,is a manufacturer of coaxial connectors for the CATV industry.

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Buyer(S) 1

Buyer

Corning

Corning, New York, United States
Category Company
Founded 1851
Sector Manufacturing
Employees49,800
Revenue 12.6B USD (2023)
DESCRIPTION

Corning is a manufacturer of specialty glass and ceramics. The Company creates and makes keystone components that enable systems for consumer electronics, mobile emissions control, optical communications, and life sciences. Corning was founded in 1851 and is based in Corning, New York.

DEAL STATS #
Overall 4 of 17
Sector (Electrical Equipment) 1 of 4
Type (Add-on Acquisition) 4 of 14
State (North Carolina) 1 of 1
Country (United States) 4 of 13
Year (2001) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-23 Tropel

Fairport, New York, United States

Tropel Corp., makes precision optics and metrology instruments for the semiconductor industry. Tropel’s product lines of high performance optical components, subsystems, and optical metrology instruments, specially designed and manufactured for wafer, photomask, and semiconductor equipment.

Buy $190M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-27 Norddeutsche Seekabelwerke KG

Nordenham, Germany

Norddeutsche Seekabelwerke GmbH & Co. KG, is a provider for a variety of specialty products including specialized high-end winding wire for high voltage motor applications and specialty extrusions for various filtration and waste water treatment applications.

Sell -
Mergr

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