M&A Deal Summary

Double E Acquires Convertech

On March 14, 2018, Double E acquired machinery company Convertech

Acquisition Highlights
  • This is Double E’s 3rd transaction in the Machinery sector.
  • This is Double E’s 3rd transaction in the United States.
  • This is Double E’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2018-03-14
Target Convertech
Sector Machinery
Buyer(s) Double E
Deal Type Add-on Acquisition

Target

Convertech

Wharton, New Jersey, United States
Convertech, Inc. is a supplier of web handling components to the narrow web industry. Known for high-quality air shafts in a full range of sizes, orientations and gripping methods while providing reliable service and fast delivery.

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Buyer(S) 1

Buyer

Double E

West Bridgewater, Massachusetts, United States
Category Company
Founded 1972
Sector Machinery
Revenue 35M USD (2011)
DESCRIPTION

Double E is a manufacturer of highly-engineered components for web converting applications. The company's product offering includes critical wear components such as chucks, brakes, shafts, slitters, web guides, core cutters, and roll movers. These products secure, straighten, apply tension, cut, and move rolled raw materials through continuous manufacturing processes. Double E was established in 1972 and is headquartered in West Bridgewater, Massachusetts.

DEAL STATS #
Overall 3 of 3
Sector (Machinery) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (New Jersey) 1 of 1
Country (United States) 3 of 3
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-09 Productive Solutions

Neenah, Wisconsin, United States

Appleton Mfg. Division is a fully integrated engineering, design, sales, service, and manufacturing firm. It is the industry’s major provider of core cutters, core handling and finishing equipment, roll and cart movers, and related core processing and handling solutions. Its origins date back more than 100 years in the paper and web handling industry.

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