Industrial Machinery & Equipment M&A » By The Online Investor Staff, updated Thu., Aug. 18, 7:40 AM
Recent mergers and acquisitions in the Industrial Machinery & Equipment M&A category.
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Slide #57. CLARCOR Inc. — Bekaert Advanced Filtration business
Acquirer:
CLARCOR Inc. (CLC)
Acquiree:
Bekaert Advanced Filtration business
Details:
CLARCOR Inc. announced that it has acquired the Bekaert Advanced Filtration business from NV Bekaert SA for a purchase price of approximately 6 million ($8 million), before various contractual adjustments. The Advanced Filtration business is engaged in the same line of business as CLARCOR's subsidiary, Purolator EFP - the manufacture and supply of engineered metal filters and systems used primarily in the polymer fiber and plastics industries.
Clarcor conducts business in two principal industry segments: Engine/Mobile Filtration and Industrial/Environmental Filtration. Co.'s Engine/Mobile Filtration segment manufactures and sells filtration products for on-road and off-road mobile and stationary applications, including trucks, agricultural machinery, construction and mining equipment, power generation, marine, automobiles, transit buses, locomotives and other industrial and specialty applications. Co.'s Industrial/Environmental Filtration segment manufactures and sells filtration products used in industrial and commercial processes, and in buildings and infrastructures of various types.
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