The report below provides a good overview of the 3rd Quarter M&A activity in the Metal Fabrication Industry Sector. M&A activity for North American based target companies in the Metal Fabrication sector for Q2 2017 included 51closed deals, according to data published by industry data tracker FactSet.
One of the more notable transactions in the sector closed in April when Wieland-Werke AG acquired Wolverine Tube, Inc. for an undisclosed amount. The acquisition enhances Wieland-Werke AG’s international market position and also expands its portfolio of technical businesses. Founded in 1916, Wolverine Tube is located in Decatur, Alabama and manufactures copper alloy and copper tube, rod bar and strip products.
- US durable goods manufacturers’ shipments of fabricated metal products, an indicator of fabricated metal parts production, rose 6.4% year-to-date in May 2017 compared to the same period in 2016.
- US steel mill product prices, an indicator of commodity steel costs for fabricated metal products manufacturers, rose 11.6% in June 2017 compared to the same month in 2016.
Posted by Robert Contaldo.