M&A Deal Summary

Troax Acquires Folding Guard

On December 15, 2016, Troax acquired manufacturer Folding Guard from Leggett & Platt for 26M USD

Acquisition Highlights
  • This is Troax’s 2nd transaction in the Manufacturing sector.
  • This is Troax’s largest (disclosed) transaction.
  • This is Troax’s 1st transaction in the United States.
  • This is Troax’s 1st transaction in Illinois.

M&A Deal Summary

Date 2016-12-15
Target Folding Guard
Sector Manufacturing
Buyer(s) Troax
Sellers(s) Leggett & Platt
Deal Type Divestiture
Deal Value 26M USD

Target

Folding Guard

Bedford Park, Illinois, United States
Folding Guard LLC is a manufacturer of indoor perimeter protection solutions. Folding Guard LLC was established in 1962 and is headquartered in Bedford Park, Illinois.

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Buyer(S) 1

Buyer

Troax

Hillerstorp, Sweden

Category Company
Founded 1955
Sector Distribution
Employees1,219
Revenue 284M EUR (2022)
DESCRIPTION

Troax is a distributor of a wide range of mesh panels, machine guard fencing systems and patented locking devices that are marketed and sold in three industrial segments: Automation & Robotics; Material Handling & Logistics; Storage & Property Protection. Troax was founded in 1955 and is based in Hillerstorp, Sweden.


DEAL STATS #
Overall 2 of 2
Sector (Manufacturing) 2 of 2
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-16 Lagermix Rullportar AB

Falkenberg, Sweden

Lagermix Rullportar AB is a manufacturer of rolling shutters, self-storage, security and much more related services.

Buy -

Seller(S) 1

SELLER

Leggett & Platt

Carthage, Missouri, United States

Category Company
Founded 1883
Sector Manufacturing
Employees19,300
Revenue 4.7B USD (2023)
DESCRIPTION
Entrance to Leggett & Platt's corporate headquarters in Carthage, Missouri.
Entrance to Leggett & Platt's corporate headquarters in Carthage, Missouri.

Leggett & Platt is a diversified manufacturer that conceives, designs and produces a wide range of engineered components and products found in many homes, offices, retail stores, automobiles and commercial aircraft. The Company's residential furnishing's segment supplies a variety of components used by bedding and upholstered furniture manufacturers in the assembly of their finished products. The Company's commercial fixtures and components group designs, produces, installs and manages our customers’ store fixtures projects as well as designs, manufactures, and distributes a wide range of engineered components and products primarily for the office seating market. The Company's industrial materials segment manufactures a variety of wires and tubing products. The Company's specialized product segment designs, produces and sells components for automotive seating, specialized machinery and equipment, and service van interiors. Leggett & Platt was formed in 1883 and is based in Carthage, Missouri.


DEAL STATS #
Overall 9 of 9
Sector (Manufacturing) 4 of 4
Type (Divestiture) 9 of 9
State (Illinois) 2 of 2
Country (United States) 7 of 7
Year (2016) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-29 Gamber-Johnson

Stevens Point, Wisconsin, United States

Gamber-Johnson is a manufacturer of ruggedized computer mounting systems that are designed to safely secure and stabilize electronics in professional vehicles for various end markets. Gamber-Johnson was formed in 1954 and is based in Stevens Point, Wisconsin.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-28 Precision Hydraulic Cylinders

Beulaville, North Carolina, United States

Precision Hydraulic Cylinders is a manufacturer and supplier of hydraulic cylinders for original equipment manufacturers in the lift-truck, material handling, and mobile equipment markets. Precision Hydraulic Cylinders was founded in 1997 and is based in Beulaville, North Carolina.

Buy -