M&A Deal Summary

Textron Acquires Flexalloy

On April 8, 1999, Textron acquired distribution company Flexalloy

Acquisition Highlights
  • This is Textron’s 1st transaction in the Distribution sector.
  • This is Textron’s 10th transaction in the United States.
  • This is Textron’s 1st transaction in Ohio.

M&A Deal Summary
Date 1999-04-08
Target Flexalloy
Sector Distribution
Buyer(s) Textron
Deal Type Add-on Acquisition

Target

Flexalloy

Streetsboro, Ohio, United States
Flexalloy, Inc. is a distributor and provider of vendor managed inventory (VMI) services for the North American fastener market. Vendor managed inventory is a business process whereby a company manages the procurement and supply of an original equipment manufacturers'(OEM's) materials in inventory, and includes such competencies as optimized distribution and procurement networks, just-in-time delivery, and value-added inventory management systems.

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Buyer(S) 1

Buyer

Textron

Providence, Rhode Island, United States
Category Company
Founded 1923
Sector Diversified
Employees35,000
Revenue 13.7B USD (2023)
DESCRIPTION
Textron's corporate headquarters in downtown Providence, Rhode Island.
Textron's corporate headquarters in downtown Providence, Rhode Island.

Textron is a multi-industry company that leverages a global network of aircraft, defense, industrial and finance businesses to provide customers with products and services around the world. Textron conducts business through five operating segments: Cessna, Bell, Textron Systems and Industrial, and Finance. Cessna is a general aviation company with two principal lines of business: Aircraft sales and aftermarket services. Bell Helicopter is a supplier of military and commercial helicopters, tiltrotor aircraft, and related spare parts and services. Textron Systems’ product lines consist of unmanned aircraft systems, land and marine systems, weapons and sensors and a variety of defense and aviation mission support products and services. Textron Industrial designs and manufactures a variety of products under three principal product lines, including Fuel Systems and Functional Components, Golf and Turf Care, and Powered Tools, Testing and Measurement Equipment. Textron Finance is a commercial finance business that consists of Textron Financial Corporation. Textron was founded in 1923 and is based in Providence, Rhode Island.

DEAL STATS #
Overall 22 of 48
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 17 of 39
State (Ohio) 1 of 1
Country (United States) 10 of 30
Year (1999) 2 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-04-07 LCI International - Fluid Systems Division

Charlotte, North Carolina, United States

LCI Corporation International - Fluid Systems Division is a manufacturer and assembler of gear pumps, filtration systems and accessory equipment for the polymer, extrusion and industrial pump industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-06-24 Energy Manufacturing

Monticello, Iowa, United States

Energy Manufacturing Co., Inc. is a designer, manufacturer and marketer of hydraulic cylinders, valves, electrohydraulic and mechanohydraulic power systems, and related components and accessories. The Company sells its products to a broad base of more than 800 customers that includes original equipment manufacturers in the refuse compactor, recycling bailer, truck hoist, agricultural, construction, material handling, distribution, log-splitting and forestry, aerial lift, and lawn and turf care industries, among others, as well as fluid power distributors and catalog houses. Energy is based in Monticello, Iowa.

Buy -
Mergr

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