M&A Deal Summary

The Eastern Acquires Velvac

On April 4, 2017, The Eastern acquired automotive company Velvac

Acquisition Highlights
  • This is The Eastern’s 1st transaction in the Automotive sector.
  • This is The Eastern’s 2nd transaction in the United States.
  • This is The Eastern’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2017-04-04
Target Velvac
Sector Automotive
Buyer(s) The Eastern
Deal Type Add-on Acquisition

Target

Velvac

New Berlin, Wisconsin, United States
Velvac, Inc. is a manufacturer and supplier of exterior mirror systems and other component parts for the truck, recreational vehicle and specialty vehicle industries. Velvac offers the industry's broadest line of mirror products. Velvac was formed in 1934 and is based in New Berlin, Wisconsin.

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Buyer(S) 1

Buyer

The Eastern

Naugatuck, Connecticut, United States
Category Company
Founded 1858
Sector Machinery
Employees1,323
Revenue 273M USD (2023)
DESCRIPTION

The Eastern is a manufacturer of industrial hardware, security products and metal castings. The Eastern was founded in 1858 and is based in Naugatuck, Connecticut.

DEAL STATS #
Overall 2 of 3
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Wisconsin) 1 of 1
Country (United States) 2 of 3
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-25 Royal Lock

Wheeling, Illinois, United States

Royal Lock is a supplier of cam locks, switch locks, padlocks, latches, handles and specialty hardware parts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-03 Big 3 Precision Products

Centralia, Illinois, United States

Big 3 Precision Products, Inc. is a manufacturer of precision injection blow molds, tooling and metal fabrication products. Big 3 Precision Products was founded in 1970 and is based in Centralia, Illinois.

Buy $82M
Mergr

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