M&A Deal Summary

Sandvik Acquires Thermaltek

On January 6, 2020, Sandvik acquired machinery company Thermaltek

Acquisition Highlights
  • This is Sandvik’s 8th transaction in the Machinery sector.
  • This is Sandvik’s 11th transaction in the United States.
  • This is Sandvik’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2020-01-06
Target Thermaltek
Sector Machinery
Buyer(s) Sandvik
Deal Type Add-on Acquisition

Target

Thermaltek

Concord, North Carolina, United States
Thermaltek, Inc. is an industrial heating equipment manufacturer specializing in the molten metals, glass, and ceramics industries. Thermaltek, Inc. was established in 1989 and is based in Concord, North Carolina.

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Buyer(S) 1

Buyer

Sandvik

Stockholm, Sweden
Category Company
Founded 1862
Sector Engineering
Employees40,344
Revenue 126.5B SEK (2023)
DESCRIPTION

Sandvik operates as a global engineering company. Sandvik is a high-technology and global industrial group that produces products and services that enhance customer productivity, profitability and safety. Sandvik was founded in 1862 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 20 of 55
Sector (Machinery) 8 of 11
Type (Add-on Acquisition) 15 of 49
State (North Carolina) 1 of 1
Country (United States) 11 of 23
Year (2020) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-20 Summerill Tube

Scottdale, Pennsylvania, United States

Summerill Tube Corp. is a manufacturer of tubing products and fabricated tubing for a diverse groups of industries which include aerospace, petrochemical, power generation, nuclear, transportation, water jet cutting applications. Summerill Tube is based in Scottdale, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-09 Allied Construction Products

Cleveland, Ohio, United States

Allied Construction Products LLC is a distributor of hydraulic hammers to the construction and mining industries and manufacturers of compactor plates and mounting brackets. Allied Construction Products is based in Cleveland, Ohio.

Buy -
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