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  6. Kolene Acquires Upton Industries

M&A Deal Summary

Kolene Acquires Upton Industries

On October 14, 2021, Kolene acquired machinery company Upton Industries

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

M&A Deal Summary
Date 2021-10-14
Target Upton Industries
Sector Machinery
Buyer(s) Kolene
Deal Type Add-on Acquisition

Target

Upton Industries

Roseville, Michigan, United States
Upton Industries designs and manufacture thermal processing systems in the Metal Heat Treating industry. Upton Industries expanded to more traditional lines of thermal processing equipment including box type, car bottom, liftoff, and specialty furnaces utilizing either electric heating or gas-fired systems, with or without protective atmosphere control. Upton Industries was founded in 1937 and is based in Roseville, Michigan.

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Buyer(S) 1

Buyer

Kolene

Detroit, Michigan, United States
Category Company
Founded 1939
Sector Chemicals
DESCRIPTION

Kolene is a provider in the cleaning and conditioning of metal surfaces for a wide variety of industries. Kolene was founded in 1939 and is based in Detroit, Michigan.

DEAL STATS #
Overall 2 of 2
Sector: Machinery M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Michigan M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-16 Park Thermal International - Chemical Division

Georgetown, Ontario, Canada

Park Thermal International's Chemical Division provides heat treat chemicals and services.

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