Divestiture • Machinery

KIC Acquires Kingway Material Handling Co.

On September 26, 2002, KIC acquired machinery company Kingway Material Handling Co. from Reunion Industries

Acquisition Context
  • This is KIC’s 2nd transaction in the Machinery sector.
  • This is KIC’s 2nd transaction in the United States.

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M&A Deal Summary

Date September 26, 2002
Target Kingway Material Handling Co.
Sector Machinery
Buyer(s) KIC
Sellers(s) Reunion Industries
Deal Type Divestiture

Target Company

Kingway Material Handling Co.

United States
Kingway is a designer and manufacturer of storage, handling and order selection systems for the material handling industry.
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Buyer Overview 1

Buyer

KIC

Vancouver, Washington, United States

Category Company
Founded 1972
Sector Automotive
DESCRIPTION

KIC LLC is a provider of wheel-end components for medium and heavy-duty trucks and trailers. KIC supplies brake drums, rotors, hub & drum assemblies, steel wheels and aluminum wheels to both original equipment manufacturers and aftermarket distributors. KIC designs and tests its own products and partners with contract manufacturers located throughout the world.


Deal Context for Buyer #
Overall 2 of 2
Sector: Machinery 2 of 2
Type: Divestiture 1 of 1
Country: United States 2 of 2
Year: 2002 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-06-29 Clymer Enterprises

Blacksburg, Vermont, United States

Clymer Enterprises, located in Pandora, Ohio, is a manufacturer of industrial racks and agricultural equipment.

Buy -

Seller Profile 1

SELLER

Reunion Industries

Pittsburgh, Pennsylvania, United States

Category Company
Sector Manufacturing
DESCRIPTION

Reunion Industries, Inc. designs and manufactures hydraulic and pneumatic cylinders in the United States.


Deal Context for Seller #
Overall 1 of 2
Sector: Machinery 1 of 2
Type: Divestiture 1 of 1
Country: United States 1 of 2
Year: 2002 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-18 CPI

McKeesport, Pennsylvania, United States

CPI is in manufacturing of large seamless steel pressure vessels for high-pressured gases. CPI was founded in 1897 and is based in McKeesport, Pennsylvania.

Sell -

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