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  6. Hurco Manufacturing Acquires Milltronics Manufacturing Co.

M&A Deal Summary

Hurco Manufacturing Acquires Milltronics Manufacturing Co.

On July 15, 2015, Hurco Manufacturing acquired machinery company Milltronics Manufacturing Co. from Liberty Diversified International

Acquisition Highlights
  • This is Hurco Manufacturing’s 2nd transaction in the Machinery sector.
  • This is Hurco Manufacturing’s 1st transaction in the United States.
  • This is Hurco Manufacturing’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2015-07-15
Target Milltronics Manufacturing Co.
Sector Machinery
Buyer(s) Hurco Manufacturing
Sellers(s) Liberty Diversified International
Deal Type Divestiture

Target

Milltronics Manufacturing Co.

Waconia, Minnesota, United States
Milltronics Manufacturing Co., Inc. (dba Milltronics CNC Machines) is designs and manufactures CNC knee mills, toolroom bed mills, vertical machining centers, combination lathes, slant-bed lathes, horizontal machining centers, and bed mills.

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Buyer(S) 1

Buyer

Hurco Manufacturing

Taiwan
Category Company
Sector Machinery
DESCRIPTION

Hurco Manufacturing Ltd. is a manufacture of machine tools.

DEAL STATS #
Overall 2 of 2
Sector: Machinery M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
State: Minnesota M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2015 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-15 Takumi Machinery Co.

Taichung City, Taiwan

Takumi Machinery Co., Ltd. is designs and manufactures CNC vertical machining centers, double column machining centers, high speed bridge machines and other machine tools, with sales primarily in Taiwan, China and Europe.

Buy -

Seller(S) 1

SELLER

Liberty Diversified International

Minneapolis, Minnesota, United States
Category Company
Founded 1918
Sector Diversified
DESCRIPTION

Liberty Diversified International, Inc. is comprised of nine companies competing in three core markets paper mill, Packaging and CNC machines manufactures.

DEAL STATS #
Overall 1 of 1
Sector: Machinery M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Minnesota M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 Harbor Packaging

Poway, California, United States

Harbor Packaging, Inc. is a designer and manufacturer of corrugated boxes and provides excellence in packaging solutions and service to customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-17 Miller Container

Rock Island, Illinois, United States

Miller Container Corp. is a manufacturer of corrugated cartons and displays.

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