M&A Deal Summary

Park-Ohio Acquires Bates

On May 1, 2013, Park-Ohio acquired manufacturer Bates from NYX

Acquisition Highlights
  • This is Park-Ohio’s 1st transaction in the Manufacturing sector.
  • This is Park-Ohio’s 2nd transaction in the United States.
  • This is Park-Ohio’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2013-05-01
Target Bates
Sector Manufacturing
Buyer(s) Park-Ohio
Sellers(s) NYX
Deal Type Divestiture

Target

Bates

Lobelville, Tennessee, United States
Bates is a manufacturer of high quality, tight tolerance automotive hoses and industrial gaskets. The Company’s product offering includes rubber hoses, nylon hoses, thermoplastic tubes, and rubber gaskets. The Company’s manufacturing capabilities include rubber and nylon extrusion, thermoplastic extrusion, thermoplastic injection molding, hose forming, assembly, and testing.

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Buyer(S) 1

Buyer

Park-Ohio

Cleveland, Ohio, United States
Category Company
Founded 1907
Sector Machinery
Employees6,300
Revenue 1.7B USD (2023)
DESCRIPTION

Park-Ohio is a diversified industrial holding company providing integrated supply chain management services and highly engineered products. Park-Ohio was founded in 1907 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 2 of 10
Sector (Manufacturing) 1 of 4
Type (Divestiture) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 2 of 4
Year (2013) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-27 Fluid Routing Solutions

Southfield, Michigan, United States

Fluid Routing Solutions designs and manufactures innovative, highly-engineered fuel management and fluid handling systems for major OEMs serving customers worldwide. Fuel systems products include fuel filler assemblies, evaporation canisters, and coolant hoses. Fluid handling systems include power steering hose and hose assemblies and transmission oil cooler assemblies. Facilities are located in Florida, Michigan, South Carolina, Tennessee, and Quebec.

Buy $98M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-01 Henry Halstead

Preston, United Kingdom

Henry Halstead Ltd. is a distributor of component management systems to automotive, electronics, furniture, appliances, machine tool builders, and other manufacturing industries.

Buy -

Seller(S) 1

SELLER

NYX

Livonia, Michigan, United States
Category Company
Sector Engineering
DESCRIPTION

NYX Inc. is a market leading minority business provider of automotive interior and under-hood solutions, dedicated to exceeding its customers’ increasing expectations.

DEAL STATS #
Overall 1 of 2
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 2
State (Tennessee) 1 of 1
Country (United States) 1 of 2
Year (2013) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-19 National Plastics

Fort Wayne, Indiana, United States

National Plastics Corporation specializes in injection-molded automotive plastic parts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-14 Nyx Fort Wayne

Fort Wayne, Indiana, United States

Nyx Fort Wayne LLC is a manufacturer of pressurized plastic fluid reservoirs and related functional components for under the hood vehicular applications.

Sell -
Mergr

Product

Company

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