M&A Deal Summary

Everest Kanto Cylinder Acquires CPI

On April 18, 2008, Everest Kanto Cylinder acquired machinery company CPI from Reunion Industries

Acquisition Highlights
  • This is Everest Kanto Cylinder’s 1st transaction in the Machinery sector.
  • This is Everest Kanto Cylinder’s 1st transaction in the United States.
  • This is Everest Kanto Cylinder’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2008-04-18
Target CPI
Sector Machinery
Buyer(s) Everest Kanto Cylinder
Sellers(s) Reunion Industries
Deal Type Add-on Acquisition

Target

CPI

McKeesport, Pennsylvania, United States
CPI is in manufacturing of large seamless steel pressure vessels for high-pressured gases. CPI was founded in 1897 and is based in McKeesport, Pennsylvania.

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Buyer(S) 1

Buyer

Everest Kanto Cylinder

Mumbai, India

Category Company
Sector Manufacturing
DESCRIPTION

Everest Kanto Cylinder (EKC) is the leading domestic player and among the leading global manufacturers of high-pressure seamless gas cylinders for industrial as well as CNG applications. EKC has manufacturing facilities across India, Dubai, China, and the US.


DEAL STATS #
Overall 1 of 1
Sector: Machinery M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2008 M&A 1 of 1

Seller(S) 1

SELLER

Reunion Industries

Pittsburgh, Pennsylvania, United States

Category Company
Sector Manufacturing
DESCRIPTION

Reunion Industries, Inc. designs and manufactures hydraulic and pneumatic cylinders in the United States.


DEAL STATS #
Overall 2 of 2
Sector: Machinery M&A 2 of 2
Type: Add-on Acquisition M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2008 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-09-26 Kingway Material Handling Co.

United States

Kingway is a designer and manufacturer of storage, handling and order selection systems for the material handling industry.

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