Audax Group, the buyer, intends to build up company through add-ons.
The sale of CLC translates into a 10x return on equity for PE firm.
The turnaround firm intends to build around Carrier's Heat Transfer Products business.
The platform expands its footprint with the acquisition of Canada's Cham Manufacturing/CMI Doors.
Recapitalization of Cedar Creek gives the firm a majority stake in the lumber company.
The ABS- and MBS- sector investor will establish a fund to take advantage of the current lack of market liquidity in the sector, says president.
TowerBrook Capital Partners is exploring investment opportunities in the building products area.
Morgan Construction has been acquired by Siemens VAI Metals Technologies for about $130 million, not including about $30 million in debt that came along with the firm.
SK Capital Partners, LP, an affiliate of The Valence Group, a newly formed merchant bank, acquired Aristech Acrylics, an acrylic sheets and solid surface products supplier, from Mitsubishi Corporation.
It's not so much that the manufacturing sector is changing it's that it has already been transformed, and in the new environment change is a constant.