Add-on Acquisition • Chemicals

Kennametal Acquires Conforma Clad

On March 8, 2004, Kennametal acquired chemicals company Conforma Clad from Jacobson Partners for 65M USD

Acquisition Context
  • This is Kennametal’s 1st transaction in the Chemicals sector.
  • This is Kennametal’s 6th largest (disclosed) transaction.
  • This is Kennametal’s 3rd transaction in the United States.
  • This is Kennametal’s 1st transaction in Indiana.

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M&A Deal Summary

Date March 8, 2004
Target Conforma Clad
Sector Chemicals
Buyer(s) Kennametal
Sellers(s) Jacobson Partners
Deal Type Add-on Acquisition
Deal Value 65M USD

Target Company

Conforma Clad

New Albany, Indiana, United States
Conforma Clad uses a proprietary process for applying tungsten carbide coatings to metal substrates to substantially improve wear and corrosion resistance.
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Buyer Overview 1

Buyer

Kennametal

Pittsburgh, Pennsylvania, United States

Category Company
Founded 1938
Sector Machinery
Employees8,700
Revenue 2.0B USD (2024)
DESCRIPTION
Kennametal trade show display booth at the 2014 IMTS show in Chicago.
Kennametal trade show display booth at the 2014 IMTS show in Chicago.

Kennametal is a provider of innovative resistant products, application engineering and services backed by advanced material science, serving customers in 60 countries across diverse sectors of aerospace, earthworks, energy, industrial production, transportation and infrastructure. Kennametal was founded in 1938 and is based in Pittsburgh, Pennsylvania.


Deal Context for Buyer #
Overall 5 of 14
Sector: Chemicals 1 of 1
Type: Add-on Acquisition 4 of 12
State: Indiana 1 of 1
Country: United States 3 of 8
Year: 2004 1 of 1
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-05-06 Widia Group

Germany

Widia is a manufacturer and marketer of metalworking tools, engineered products and related services in Europe and India.

Buy €188M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-01 Extrude Hone

Irwin, Pennsylvania, United States

Extrude Hone is a supplier of engineered component process technology to customers in a variety of industries around the world. Extrude Hone processes and materials, which focus on component deburring, polishing, and producing controlled radii, are designed to improve the customer's performance in both their manufacturing processes and end products. Extrude Hone was founded in 1951 and is based in Irwin, Pennsylvania.

Buy $137M

Seller Profile 1

SELLER

Jacobson Partners

New York, New York, United States

Category Private Equity Firm
Founded 1989
Size Small
Type Sector Agnostic
DESCRIPTION

Jacobson Partners is a lower middle-market private equity firm focused on acquiring non-core divestitures and other underperforming mid-sized companies in the US and Canada. Jacobson generally targets opportunities in basic industries such as manufacturing and services. The Firm seeks to invest between $10 and $25 million of equity in transactions valued up to $150 million. Jacobson Partners was formed in 1989 and is based in New York City.


Deal Context for Seller #
Overall 2 of 6
Sector: Chemicals 1 of 1
Type: Add-on Acquisition 2 of 4
State: Indiana 1 of 1
Country: United States 2 of 6
Year: 2004 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-06-03 Appliance Controls Group

Sugar Grove, Illinois, United States

Appliance Controls Group, Inc. d/b/a Harper-Wyman, is a manufacturer of components for ranges and stoves, such as domestic gas valves, electrical range components, combustion equipment, and gas burners.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-04-20 Appliance Controls Group

Sugar Grove, Illinois, United States

Appliance Controls Group, Inc. d/b/a Harper-Wyman, is a manufacturer of components for ranges and stoves, such as domestic gas valves, electrical range components, combustion equipment, and gas burners.

Sell -