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M&A Deal Summary

JOST Acquires Crenlo do Brasil

On August 30, 2023, JOST acquired manufacturer Crenlo do Brasil from Crenlo Engineered Cabs

Acquisition Highlights
  • This is JOST’s 1st transaction in the Manufacturing sector.
  • This is JOST’s 1st transaction in Brazil.

M&A Deal Summary
Date 2023-08-30
Target Crenlo do Brasil
Sector Manufacturing
Buyer(s) JOST
Sellers(s) Crenlo Engineered Cabs
Deal Type Divestiture

Target

Crenlo do Brasil

Guaranésia, Brazil
Crenlo do Brasil manufactures value-added engineered operator cabs and attachment fabrications used in a variety of off-highway vehicle markets. Crenlo do Brasil is based in Minas Gerais, Brazil.

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Buyer(S) 1

Buyer

JOST

Neu-Isenburg, Germany
Category Company
Founded 2008
Sector Automotive
Employees3,300
Revenue 1.2B EUR (2023)
DESCRIPTION

JOST is a manufacturer of components for connecting truck and trailer units. The Company offers branded quality products clustered in three systems: Vehicle Interface (focusing on products required to operate a commercial vehicle combination of trucks and trailers such as fifth wheels and landing gears), Handling Solutions (including container technology and hydraulic cylinders products) and Maneuvering (focusing on truck and trailer axles and forced steering). JOST was founded in 2008 and is based in Neu-Isenburg, Germany.

DEAL STATS #
Overall 3 of 3
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 1
Country (Brazil) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-17 Edbro

Bolton, United Kingdom

Edbro is a manufacturer of hydraulic cylinders and systems used on tipper trucks & trailers and heavy-duty mining equipment. Trading from a well invested 14-acre manufacturing site in Bolton, Edbro is a worldwide exporter of On-Road and Off-Road products, selling directly to over 250 bodybuilders and OEMs. Edbro was founded in 1909 and is based in Bolton, England.

Sell -

Seller(S) 1

SELLER

Crenlo Engineered Cabs

Rochester, Minnesota, United States
Category Company
Founded 1951
Sector Manufacturing
DESCRIPTION

Crenlo Engineered Cabs is a manufacturer of highly engineered steel frame cab enclosures and rollover structures serving major OEM's in the construction, agriculture, and commercial equipment markets. The company also produces a proprietary line of electronic enclosures under its EMCOR trademark, which serves the commercial, telecom, datacom, test & measurement, broadcast, and security markets. Electronic enclosure capabilities range from standard & modified standard product offerings, to complete custom indoor or outdoor enclosure solutions. Crenlo Engineered Cabs was formed in 1951 and is based in Rochester, Minnesota.

DEAL STATS #
Overall 2 of 2
Sector (Manufacturing) 2 of 2
Type (Divestiture) 2 of 2
Country (Brazil) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-19 Emcor Enclosures

Rochester, Minnesota, United States

Emcor Enclosures has been serving the aerospace & defense, datacenter, industrial, medical, test & measurement, and custom OEM sectors for 70+ years with engineered electronics enclosures designed and manufactured. The company accelerates new product introduction timeframes with rapid prototyping and just-in-time delivery capabilities to ensure the best customer experience from concept design to volume production. Emcor Enclosures is based in Rochester, Minnesota.

Sell -
Mergr

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