As companies strive to become more optimized and improve profitability, they often use various business strategies to stay competitive, including mergers and acquisitions. Like other industries, many manufacturers and service providers choose to increase business by buying or combining with other companies. Here are a few recent mergers and acquisitions that are poised to change the industry.
GM purchases Tooling & Equipment International, an important Tesla supplier
The acquisition is allegedly a key part of the U.S. automaker's strategy to make up ground on Tesla.
Learn more
Timken plans to acquire Rosa Sistemi
Rosa Sistemi manufactures roller guideways, linear bearings, customized linear systems and actuators, commercialized ball guideways and precision ball screws.
Learn more
Snap-on acquires Mountz for $40 million
Snap-on hopes the acquisition will complement and expand the company’s torque offerings.
Learn more
Sandvik agrees to acquire Buffalo Tungsten
Buffalo Tungsten currently produces tungsten metal powder and tungsten carbide powder in the U.S.
Learn more
Quantum Materials purchases Innegra portfolio of fibers and materials
Quantum Materials currently manufactures multifilament and monofilament yarns, elastomeric woven suspension fabrics and industrial textiles.
Learn more