M&A Deal Summary

GKN Acquires Lakin Manufacturing - QDS Henschen Business

On November 18, 2005, GKN acquired building materials company Lakin Manufacturing - QDS Henschen Business from Lakin General for 6M GBP

Acquisition Highlights
  • This is GKN’s 1st transaction in the Building Materials sector.
  • This is GKN’s 7th largest (disclosed) transaction.
  • This is GKN’s 3rd transaction in the United States.
  • This is GKN’s 1st transaction in Ohio.

M&A Deal Summary
Date 2005-11-18
Target Lakin Manufacturing - QDS Henschen Business
Sector Building Materials
Buyer(s) GKN
Sellers(s) Lakin General
Deal Type Divestiture
Deal Value 6M GBP

Target

Lakin Manufacturing - QDS Henschen Business

Jackson Center, Ohio, United States
Lakin Manufacturing - QDS Henschen Business is a business based in the United States of America engaged in the design and manufacture of hubs, spindles and axles primarily for off-highway applicationsand springs.

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Buyer(S) 1

Buyer

GKN

Redditch, United Kingdom
Category Company
Sector Engineering
Employees51,400
Revenue 9.7B GBP (2017)
DESCRIPTION

GKN is a global engineering company. Known for its expertise in advanced manufacturing, GKN specializes in designing, manufacturing, and supplying innovative components and systems for the automotive, aerospace, and industrial markets. Its extensive product portfolio includes driveline technologies, electric drivetrains, lightweight structures, aerospace systems, and power management solutions. GKN is based in Redditch, United Kingdom.

DEAL STATS #
Overall 6 of 20
Sector (Building Materials) 1 of 1
Type (Divestiture) 1 of 5
State (Ohio) 1 of 1
Country (United States) 3 of 8
Year (2005) 2 of 2
Size (of disclosed) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-01 Velcon SA de CV

Celaya, Mexico

Velcon SA de CV engages in the design, building, and supply of driveline components and systems for the automotive industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-02 Stellex Aerostructures

Lebanon, New Jersey, United States

Stellex Aerostructures is a provider of highly engineered titanium and aluminum aerostructure components and subsystems for the commercial aerospace, military/defense, general aviation, and space industries. Stellex Aerostructures is based in Lebanon, New Jersey.

Buy -

Seller(S) 1

SELLER

Lakin General

Chicago, Illinois, United States
Category Company
Founded 1917
Sector Chemicals
DESCRIPTION

Lakin General is a Chicago-based company dedicated to tire recycling. Since the early 1900s, Lakin has served as a collector of tires and a producer of parts and products using the take-off tire as raw material.

DEAL STATS #
Overall 1 of 1
Sector (Building Materials) 1 of 1
Type (Divestiture) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2005) 1 of 1
Size (of disclosed) 1 of 1
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