M&A Deal Summary

Textron Acquires The Bunton

On September 20, 1996, Textron acquired manufacturer The Bunton

Acquisition Highlights
  • This is Textron’s 2nd transaction in the Manufacturing sector.
  • This is Textron’s 4th transaction in the United States.
  • This is Textron’s 1st transaction in Kentucky.

M&A Deal Summary
Date 1996-09-20
Target The Bunton
Sector Manufacturing
Buyer(s) Textron
Deal Type Add-on Acquisition

Target

The Bunton

Louisville, Kentucky, United States
The Bunton Co. is a manufacturer of rotary lawn-care equipment for commercial markets. The Bunton Company manufactures high-quality, commercial lawn-care equipment, including rotary, hydrostatic and zero-turn radius mowers marketed to dealers and distributors in the United States, Europe and Canada. With approximately 100 employees, Bunton's 1995 sales were $19 million.

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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 6 of 48
Sector (Manufacturing) 2 of 3
Type (Add-on Acquisition) 4 of 39
State (Kentucky) 1 of 1
Country (United States) 4 of 30
Year (1996) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-07-01 Valeo Wiper Systems

United Kingdom

Valeo Wiper Systems Ltd. is a supplier of washer systems to automotive Original Equipment Manufacturers (OEMs) worldwide. The washer systems business of VWS is the UK’s leader in windshield washer systems including headlamp wash system technology and related products servicing U.K. and European automotive original equipment manufacturers (OEMs).

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1996-11-07 Kautex Werke Reinold Hagen AG

Germany

Kautex Werke Reinold Hagen AG is a worldwide supplier of blow-molded plastic automotive systems and components. Kautex is the world's largest producer of plastic fuel tank systems. The company also supplies high quality blow-molded technical plastic parts to the automotive industry and blow-molded plastic bottles and containers for commercial and consumer products.

Buy $308M
Mergr

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