M&A Deal Summary

Gibraltar Industries Acquires Florence

On August 31, 2007, Gibraltar Industries acquired manufacturer Florence

Acquisition Highlights
  • This is Gibraltar Industries’ 2nd transaction in the Manufacturing sector.
  • This is Gibraltar Industries’ 4th transaction in the United States.
  • This is Gibraltar Industries’ 1st transaction in Kansas.

M&A Deal Summary

Date 2007-08-31
Target Florence
Sector Manufacturing
Buyer(s) Gibraltar Industries
Deal Type Add-on Acquisition
Advisor(s) BMO Capital Markets (Financial)

Target

Florence

Manhattan, Kansas, United States
Florence Corp. is a manufacturer of engineered storage solutions, including centralized mail and package delivery products. Florence designs and manufactures a complete line of products and systems for storage and distribution, including specialty products for commercial customers such as distributors, catalog houses, national retail chains, and wholesalers.

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Buyer(S) 1

Buyer

Gibraltar Industries

Buffalo, New York, United States

Category Company
Founded 1972
Sector Building Materials
Employees2,097
Revenue 1.4B USD (2023)
DESCRIPTION

Gibraltar Industries is a manufacturer and distributor of building products, focused on residential and low-rise commercial building markets, as well as industrial and transportation infrastructure markets. Gibraltar Industries was founded in 1972 and is based in Buffalo, New York.


DEAL STATS #
Overall 6 of 18
Sector (Manufacturing) 2 of 3
Type (Add-on Acquisition) 6 of 18
State (Kansas) 1 of 1
Country (United States) 4 of 15
Year (2007) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-04 Sorst Streckmetall

Hanover, Germany

Sorst Streckmetall is a manufacturer and supplier of expanded metals and perforated metals in Europe. Sorst Streckmetall was founded in 1901 and is based in Hanover, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-09 Kymera

Durham, North Carolina, United States

Kymera is a specialty materials company focused on aluminum and copper-based powders, granules, and pastes. The Company sells its products into a wide variety of end markets, including chemical, specialty auto, general industrial, additive manufacturing, mining, and aerospace applications. Kymera is the only non-ferrous metal powder producer with a global manufacturing footprint in the U.S., Australia, Europe, and Asia. Kymera's products are typically customized for the manufacturing processes of its over 1,500 active, long-tenured customers. Kymera was founded in 1876 and is based in Durham, North Carolina.

Sell -