M&A Deal Summary

Innovance Acquires Mass Finishing

On May 4, 2016, Innovance acquired machinery company Mass Finishing

Acquisition Highlights
  • This is Innovance’s 1st transaction in the Machinery sector.
  • This is Innovance’s 1st transaction in the United States.
  • This is Innovance’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2016-05-04
Target Mass Finishing
Sector Machinery
Buyer(s) Innovance
Deal Type Add-on Acquisition

Target

Mass Finishing

Howard Lake, Minnesota, United States
Mass Finishing, Inc. is a manufacturer of high energy centrifugal barrel finishing machines, vibratory tubs and bowls for your deburring, polishing, deflashing and other finishing needs.

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Buyer(S) 1

Buyer

Innovance

Albert Lea, Minnesota, United States

Category Company
Sector Engineering
DESCRIPTION

Innovance, Inc. is a 100% employee owned company (ESOP) and the holding company for subsidiaries, Lou-Rich, Inc which provides contract engineering and manufacturing services. and Almco, Inc is a state-of-the-art manufacturer of industrial deburring, parts washing, and vibratory metal finishing equipment.


DEAL STATS #
Overall 1 of 1
Sector: Machinery M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Minnesota M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1