M&A Deal Summary

SureKap Acquires Kraken Automation

On December 20, 2024, SureKap acquired machinery company Kraken Automation

Acquisition Highlights
  • This is SureKap’s 3rd transaction in the Machinery sector.
  • This is SureKap’s 1st transaction in Canada.
  • This is SureKap’s 1st transaction in Ontario.

M&A Deal Summary
Date 2024-12-20
Target Kraken Automation
Sector Machinery
Buyer(s) SureKap
Deal Type Add-on Acquisition

Target

Kraken Automation

Burlington, Ontario, Canada
Kraken Automation develops innovative, customized packaging automation technology and turnkey automation solutions. Kraken Automation was founded in 1988 and is based in Burlington, Ontario.

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Buyer(S) 1

Buyer

SureKap

Winder, Georgia, United States
Category Company
Founded 1987
Sector Machinery
DESCRIPTION

SureKap is a manufacturer of packaging machinery used in a variety of industries, including food & beverage, pharmaceuticals, nutraceuticals, and cosmetics. The company's product offering includes cappers, conveyors, tables, and fillers, and offers parts & service to its customers. SureKap was formed in 1987 and is based in Winder, Georgia.

DEAL STATS #
Overall 3 of 3
Sector (Machinery) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-03 AB Technology

Torrance, California, United States

AB Technology is an automation engineering company for high-speed labeling and padding systems focused primarily on the food packaging industry. AB Technology is based in Torrance, California.

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