Ametek Inc. (NYSE: AME) is set to buy Watermill Group portfolio company Global Tubes, a manufacturer of precision metal tubing, for $200 million. (See our video with Watermill Group's John Carr below.)

The Berwyn, Pennsylvania-based buyer, which was an especially active acquirer in 2014, is known for making electronic instruments and devices. The purchase of Global Tubes expands Ametek's high-precision metal tubing manufacturing capabilities.

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