Tracked deals
34
34 tracked deals across 2025.
Manufacturing Divestitures in 2025
Buyer mix
Strategic-led
27 strategic · 7 pe
Top trend
Volume peaked in 2022
44 tracked deals announced in 2022.
Buyer Snapshot
Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| APIC YAMADA CORPORATION | 1 | Japanese manufacturer of precision molds/components and o... | Strategic |
| Airbrasive, LLC | 1 | Privately held investor/operator of industrial businesses... | Investor |
| Aksa Akrilik Kimya Sanayii A.Ş. | 1 | Strategic industrial materials/composites operator and an... | Strategic |
| Amphenol Corporation | 1 | Global manufacturer of interconnect, sensor and antenna s... | Strategic |
| Astec Industries | 1 | Global manufacturer of specialized equipment for road bui... | Strategic |
| Bain Capital | 1 | Global private investment firm investing across private e... | PE |
| Cadre Holdings, Inc. | 1 | Global manufacturer and distributor of safety and surviva... | Strategic |
| Cicor Group | 1 | Publicly traded provider of full‑cycle electronic solutio... | Strategic |
| Development Bank of Japan Inc. | 1 | Japanese development bank providing loans, guarantees and... | Investor |
| Ecovyst | 1 | Global provider of advanced materials and catalysts and a... | Strategic |
Acquisition Volume in Manufacturing Divestitures in 2025 by Year
Last 10 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
December 31, 2025
- Buyer
- Linamar Corporation
- Target
- Leipzig casting facility (Georg Fischer)
- Seller
- Georg Fischer Ltd.
- Industry
- Manufacturing
- Location
- Saxony, Germany
- Type
- Divestiture
Linamar Corporation completed its acquisition of Georg Fischer's Leipzig ductile iron casting facility for €45 million, a deal first announced on October 7, 2025. The Leipzig plant adds advanced casting, prototyping and machining capabilities to Linamar's manufacturing footprint in Europe and is expected to be immediately accretive.
-
November 1, 2025
- Target
- Qnity Electronics
- Seller
- DuPont
- Industry
- Manufacturing
- Location
- Delaware, United States
- Type
- Divestiture
DuPont has completed the separation of its electronics business into an independent, publicly traded company named Qnity Electronics. The spin-off was finalized on November 1, 2025; DuPont shareholders received one share of Qnity for every two DuPont shares (approximately 209 million Qnity shares were distributed) and Qnity began regular trading on the NYSE under the ticker "Q."
-
October 23, 2025
- Buyer
- PureTech Scientific LLC, Iron Path Capital
- Target
- Cymer Chemical (Dayton, TN facility)
- Seller
- Cymer Chemical
- Industry
- Manufacturing
- Location
- Tennessee, United States
- Type
- Divestiture
PureTech Scientific LLC, a PE-backed specialty glycolic acid manufacturer, has acquired the Dayton, Tennessee operations of Cymer Chemical. The acquisition—backed by PureTech's sponsor Iron Path Capital—adds tolling, blending, organic synthesis and pilot-scale capabilities to PureTech and strengthens its position in life sciences, personal care and specialty industrial end markets.
-
October 23, 2025
- Buyer
- Amphenol Corporation
- Target
- Rochester Sensors
- Seller
- Renovo Capital, LLC
- Industry
- Manufacturing
- Location
- Texas, United States
- Type
- Divestiture
Amphenol Corporation has acquired Rochester Sensors from Renovo Capital. The acquisition adds Rochester’s liquid level sensor design and manufacturing capabilities to Amphenol’s industrial sensors and interconnect portfolio, expanding its product breadth and international manufacturing footprint.
-
- Buyer
- Lennox International
- Target
- NSI Industries' HVAC Division (Duro Dyne and Supco)
- Seller
- NSI Industries, Sentinel Capital Partners
- Industry
- Manufacturing
- Location
- North Carolina, United States
- Type
- Divestiture
Lennox International completed the acquisition of NSI Industries' HVAC division, including the Duro Dyne and Supco brands, expanding its HVAC parts and supplies portfolio. The divestiture—announced by Sentinel Capital Partners—enables NSI to refocus on its core electrical products business while strengthening Lennox’s lifecycle offerings for residential and commercial customers.
-
September 4, 2025
- Buyer
- The Look Company
- Target
- OAI + Rainier
- Seller
- LFM Capital
- Industry
- Manufacturing
- Location
- United States
- Type
- Divestiture
The Look Company has acquired OAI + Rainier, a full-service visual display manufacturing business, from private equity firm LFM Capital. The deal includes two U.S. production facilities in Tampa and Seattle, the tent and shelter divisions of Rainier, and roughly 200 team members; financial terms were not disclosed and LFM will retain a significant minority interest.
-
- Buyer
- Thermo Fisher Scientific Inc.
- Target
- Solventum Purification & Filtration business
- Seller
- Solventum
- Industry
- Manufacturing
- Location
- Minnesota, United States
- Type
- Divestiture
Thermo Fisher Scientific completed the acquisition of Solventum's Purification & Filtration business for approximately $4.0 billion in cash. The divested business—now Thermo Fisher's Filtration and Separation business—adds bioprocessing filtration, industrial filtration and membrane technologies to Thermo Fisher's Life Sciences Solutions portfolio and is expected to generate about $750 million in revenue in 2025.
-
August 1, 2025
- Buyer
- LEGEND
- Target
- Corplex Romeoville extrusion plant
- Seller
- Corplex
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Divestiture
LEGEND, a Canadian provider of commercial vehicle upfitting products, has acquired the extrusion plant in Romeoville, Illinois that was previously operated by Corplex. The facility will operate as LEGEND USA and support both Corplex’s existing packaging customers and LEGEND’s expanding North American manufacturing and aftermarket capabilities, reinforcing vertical integration and supply‑chain resilience.
-
- Buyer
- INNO FRICTION GmbH
- Target
- TMD Friction Services GmbH (Industrial Friction Materials division - COSID)
- Seller
- TMD Friction Services GmbH
- Industry
- Manufacturing
- Location
- Saxony-Anhalt, Germany
- Type
- Divestiture
INNO FRICTION GmbH acquired the Industrial Friction Materials division of TMD Friction Services GmbH, including the COSID brand, effective July 1. The deal transfers the Coswig-based division's machinery, equipment and brand to INNO FRICTION's headquarters in Hamm (Sieg), strengthening INNO FRICTION's product portfolio and presence across the European industrial friction market.
-
- Buyer
- Honeywell
- Target
- Li‑ion Tamer (business of Nexceris)
- Seller
- Nexceris
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Divestiture
Honeywell has acquired the Li‑ion Tamer business from Nexceris, a tuck‑in that will integrate Li‑ion Tamer's off‑gas/early‑warning battery detection technology into Honeywell's Building Automation and fire life safety portfolio. The product suite (with 30+ global patents) is expected to be immediately accretive and to strengthen Honeywell's offerings for high‑growth end markets such as grid energy storage and data centers.
-
- Buyer
- Astec Industries
- Target
- TerraSource Holdings
- Seller
- Hillenbrand, Majority-stake joint venture partner (unnamed)
- Industry
- Manufacturing
- Location
- Missouri, United States
- Type
- Divestiture
Astec Industries has acquired Hillenbrand’s minority stake in TerraSource Holdings in a transaction valued at approximately $245 million. Hillenbrand received about $115 million from the sale, which it will use to pay down debt; the divestiture was completed July 1, 2025.
-
June 20, 2025
- Buyer
- TDK Corporation, TDK-Lambda Corporation
- Target
- QEI Corporation
- Seller
- QEI Corporation
- Industry
- Manufacturing
- Location
- New Jersey, United States
- Type
- Divestiture
TDK Corporation has acquired the assets related to the RF power business of QEI Corporation, a Williamstown, New Jersey-based designer and manufacturer of RF power generators and impedance matching networks for semiconductor plasma processing. The asset purchase expands TDK's semiconductor equipment offering—adding RF power solutions to its existing DC power supplies—to strengthen its position in the semiconductor equipment market and support growth tied to AI, IoT and data center demand.
-
June 18, 2025
- Buyer
- Pro Towels
- Target
- Lifestyles by Ramco
- Seller
- Ramco
- Industry
- Manufacturing
- Location
- North Carolina, United States
- Type
- Divestiture
Pittsburgh-based Pro Towels has acquired Lifestyles by Ramco, a division of North Carolina-based Ramco, to expand its dye sublimation capabilities and enter lifestyle and home décor product categories. The acquisition is intended to streamline operations, reduce lead times and increase U.S. manufacturing of customizable items; financial terms were not disclosed.
-
- Buyer
- Unnamed Chicago-based private equity firm
- Target
- Kennametal Stellite, L.P.
- Seller
- Kennametal Inc.
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Divestiture
Kennametal Inc. completed the sale of its Goshen, Indiana subsidiary, Kennametal Stellite, L.P., to a Chicago-based private equity firm for $19 million in cash at closing plus an EBITDA-based earn-out opportunity over three years. The seller characterized the transaction as a portfolio action to improve sales mix, reduce material cost volatility and better focus on long-term strategic priorities; the buyer was not named in the announcement.
-
- Buyer
- Grain & Protein Technologies
- Target
- Munters FoodTech Equipment
- Seller
- Munters
- Industry
- Manufacturing
- Location
- Sweden
- Type
- Divestiture
Grain & Protein Technologies (GPT) has completed the acquisition of Munters FoodTech Equipment, the business that sells and services the Aerotech, Euroemme, and Reventa branded products. The deal brings approximately 400 Munters FoodTech Equipment employees into GPT and expands GPT's product portfolio and capabilities in climate control and air treatment for the protein and agribusiness segments.
-
- Buyer
- Aksa Akrilik Kimya Sanayii A.Ş.
- Target
- DowAksa Advanced Composites Holdings BV (DowAksa)
- Seller
- Dow
- Industry
- Manufacturing
- Location
- Yalova, Turkey
- Type
- Divestiture
Dow has agreed to sell its 50% ownership interest in DowAksa Advanced Composites Holdings BV to Aksa Akrilik Kimya Sanayii A.Ş., the other joint venture partner. The deal is expected to close in the third quarter of 2025, subject to regulatory approvals and other customary closing conditions.
-
- Buyer
- Gemspring Capital Management, LLC
- Target
- The Goodyear Tire & Rubber Company’s polymer chemicals business (Goodyear Chemical / Polymer Chemical Business)
- Seller
- The Goodyear Tire & Rubber Company
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Divestiture
An affiliate of Gemspring Capital agreed to acquire The Goodyear Tire & Rubber Company’s polymer chemicals business, known as Goodyear Chemical, including manufacturing plants in Houston and Beaumont, Texas, and an R&D facility in Akron, Ohio. The acquisition was completed on November 3, 2025, establishing the business as a standalone company; Goodyear retained its Niagara Falls and Bayport chemical facilities and the rights to products made there.
-
- Buyer
- Hong Tong Technology Co.
- Target
- Initio (encryption storage product line)
- Seller
- Initio
- Industry
- Manufacturing
- Location
- Taipei, Taiwan
- Type
- Divestiture
Taipei-based Hong Tong Technology announced it acquired Initio's entire encryption storage product line in September 2024, including controller ICs with embedded crypto engines, firmware, ASICs, technical support and IP. The acquisition (announced May 2025) secures Initio's encryption IP and manufacturing in Taiwan and allows Hong Tong to integrate encryption capabilities into its personal digital management and consumer electronics offerings.
-
- Buyer
- Textiles Monterey Group
- Target
- Patrick Yarns (Patrick Yarn Mill, Inc.)
- Seller
- Coats Group
- Industry
- Manufacturing
- Location
- North Carolina, United States
- Type
- Divestiture
Textiles Monterey Group has acquired the Patrick Yarns facility in Kings Mountain, North Carolina (previously part of Coats Group) and will operate the site as FilSpec USA. The site will join FilSpec's existing Sherbrooke, Quebec operations to expand production capacity for technical specialty spun yarns across North America and Europe.
-
May 1, 2025
- Buyer
- nVent Electric plc
- Target
- Electrical Products Group (the enclosures, switchgear and bus systems businesses of Avail Infrastructure Solutions)
- Seller
- Avail Infrastructure Solutions
- Industry
- Manufacturing
- Location
- Georgia, United States
- Type
- Divestiture
nVent Electric plc completed the acquisition of the enclosures, switchgear and bus systems businesses (the "Electrical Products Group") of Avail Infrastructure Solutions for $975 million in cash. The business — a North American provider serving power utilities, data centers and renewables with ~1,100 employees and nine U.S. manufacturing locations — will be operated predominantly within nVent's Systems Protection segment to strengthen its infrastructure offerings.
-
- Buyer
- Cadre Holdings, Inc.
- Target
- Carr's Engineering Limited, Carr's Engineering (US), Inc.
- Seller
- Carr's Group plc
- Industry
- Manufacturing
- Location
- United Kingdom
- Type
- Divestiture
Cadre Holdings, Inc. completed the acquisition of Carr's Engineering Limited (excluding Chirton Engineering) and Carr's Engineering (US), Inc.—the Engineering Division of Carr's Group plc—for an enterprise value of £75 million. The deal was funded with incremental term debt and is intended to expand Cadre's nuclear safety product offerings and international footprint.
-
- Buyer
- Cicor Group
- Target
- Éolane Group (business activities)
- Seller
- Éolane Group (via court-appointed administrator)
- Industry
- Manufacturing
- Location
- France
- Type
- Divestiture
Cicor Group has had its offer accepted by the Paris Commercial Court to acquire significant business activities of the French Éolane Group. The deal, closing April 22, 2025, adds around 890 employees and CHF 125 million of sales, expanding Cicor’s EMS footprint in France and strengthening its position in aerospace & defence, railway and nuclear technology markets.
-
April 11, 2025
- Buyer
- Scania
- Target
- Northvolt Systems Industrial Division
- Seller
- Trustee
- Industry
- Manufacturing
- Location
- Stockholm County, Sweden
- Type
- Divestiture
Scania has agreed with the trustee to acquire the Industrial Division of Northvolt Systems, including production capabilities in Gdańsk and an R&D centre in Tomteboda, Stockholm, and a team of approximately 260 employees. The acquisition integrates battery system manufacturing and R&D into Scania Power Solutions to strengthen the company's electrification offering for off‑road and heavy industry applications; the purchase price was not disclosed.
-
- Buyer
- May River Capital
- Target
- Global Pump Solutions (Dean, Fybroc, Sethco)
- Seller
- CECO Environmental Corp.
- Industry
- Manufacturing
- Location
- United States
- Type
- Divestiture
May River Capital has acquired CECO Environmental’s Global Pump Solutions (GPS) business — including the Dean, Fybroc and Sethco pump brands — for an enterprise value of approximately $110 million in cash, closing March 31, 2025. May River will organize the acquired brands under a newly formed platform, Tusk Industrial, and partner with the existing management team to invest in product development, market expansion and potential add-ons; CECO will use proceeds to pay down debt and fund growth initiatives.
-
- Buyer
- Airbrasive, LLC
- Target
- Airbrasive Jet Technologies
- Seller
- Sundara Partners, LLC
- Industry
- Manufacturing
- Location
- United States
- Type
- Divestiture
Airbrasive, LLC of Green Lane, Pennsylvania completed the acquisition of Airbrasive Jet Technologies from Sundara Partners. The private investment will fund product-line investment and expansion of manufacturing capacity, with Airbrasive relocating to a 100,000 sq. ft. Green Lane facility owned by the buyer’s principal investors.
-
- Buyer
- APIC YAMADA CORPORATION
- Target
- NIDEC PRECISION YAMADA CORPORATION
- Seller
- NIDEC PRECISION CORPORATION
- Industry
- Manufacturing
- Location
- Nagano, Japan
- Type
- Divestiture
Nidec Precision Corporation has transferred its approximately 68.4% stake in Nidec Precision Yamada Corporation to joint-venture partner APIC YAMADA Corporation, with the share transfer agreement executed and completed on March 31, 2025. The target, a precision-mold design and manufacturing business based in Chikuma, Nagano (49 employees), will become a wholly owned subsidiary of APIC YAMADA to enable business consolidation and future expansion.
-
- Buyer
- Ecovyst
- Target
- Cornerstone Chemical Company (Sulfuric Acid operations)
- Seller
- Cornerstone Chemical Company
- Industry
- Manufacturing
- Location
- Louisiana, United States
- Type
- Divestiture
Ecovyst has purchased the sulfuric acid operations of Cornerstone Chemical Company in Waggaman, Louisiana. The divestiture transfers Cornerstone's sulfuric acid business to Ecovyst, a global provider of specialty catalysts, virgin sulfuric acid and regeneration services, to expand its Ecoservices capabilities.
-
March 3, 2025
- Buyer
- Norvestor IX SCSp (Norvestor)
- Target
- Neuver Maritime
- Seller
- Kongsberg Maritime (KONGSBERG)
- Industry
- Manufacturing
- Location
- Møre og Romsdal, Norway
- Type
- Divestiture
Norvestor IX has completed the acquisition of Kongsberg Maritime's steering gear and rudder business and established the new company Neuver Maritime. The carve-out, headquartered in Brattvåg, Norway with ~160 employees, positions Neuver as a dedicated lifecycle partner for maneuvering solutions with a focus on aftermarket, service and product expansion under Norvestor ownership.
-
February 21, 2025
- Buyer
- SWCC Corporation, Development Bank of Japan Inc.
- Target
- TOTOKU Inc.
- Seller
- Carlyle (The Carlyle Group)
- Industry
- Manufacturing
- Location
- Tokyo, Japan
- Type
- Divestiture
Global investment firm Carlyle has agreed to sell TOTOKU Inc., a Japanese manufacturer of specialty wires and electronic devices, to SWCC Corporation and the Development Bank of Japan. The transaction (a Carlyle divestiture) is subject to customary approvals and was announced February 21, 2025 with closing expected by the end of March 2025.
-
February 5, 2025
- Buyer
- Bain Capital
- Target
- Milacron Injection Molding and Extrusion business
- Seller
- Hillenbrand, Inc.
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Divestiture
Bain Capital’s Special Situations team agreed to purchase an approximately 51% majority stake in the Milacron injection molding and extrusion business from Hillenbrand for $287 million, with Hillenbrand retaining roughly 49% and remaining an investor. Bain will have operational control and will partner with Milacron management to accelerate growth while Hillenbrand uses proceeds to pay down debt and focus on its core portfolio.
-
- Buyer
- Nautic Partners, LLC, Vybond management team (co-investors)
- Target
- Specialty Tapes business (Berry Global Group, Inc.), Vybond (newly rebranded company)
- Seller
- Berry Global Group, Inc.
- Industry
- Manufacturing
- Location
- Kentucky, United States
- Type
- Divestiture
Nautic Partners, in partnership with the company's management team, has completed the acquisition of the Specialty Tapes business from Berry Global and rebranded the carved-out unit as Vybond. Headquartered in Franklin, Kentucky with additional operations in Riverhead, NY and Bristol, RI, Vybond manufactures pressure-sensitive tapes and adhesives and will be supported by Nautic to invest in technology, operations, and growth.
-
- Buyer
- Jennmar
- Target
- SSAB Virsbo expandable rock bolt production facility
- Seller
- SSAB
- Industry
- Manufacturing
- Location
- Västmanland County, Sweden
- Type
- Divestiture
Jennmar, a FalconPoint Partners portfolio company, has acquired SSAB's expandable rock bolt production facility in Virsbo, Sweden. The acquisition adds an established rock bolt product line to Jennmar's portfolio, strengthens its capabilities in the hard rock mining sector and establishes a European production presence; all 66 facility employees were offered continued employment.
-
January 31, 2025
- Buyer
- IES Holdings, Inc.
- Target
- Arrow Engine Company
- Seller
- TriMas Corporation
- Industry
- Manufacturing
- Location
- Oklahoma, United States
- Type
- Divestiture
IES Holdings, Inc. (NASDAQ: IESC) has acquired Arrow Engine Company, a Tulsa-based manufacturer of engines, generator sets, compressors and replacement parts, from TriMas Corporation. Arrow will join IES's Infrastructure Solutions segment, continuing to operate under the Arrow name and leveraging IES's manufacturing and engineering resources to expand product offerings and serve oil & gas and industrial end markets.
-
January 13, 2025
- Buyer
- Koozie Group
- Target
- Skinner & Kennedy Co.
- Seller
- Skinner & Kennedy Co., Chuck Pecher
- Industry
- Manufacturing
- Location
- Missouri, United States
- Type
- Divestiture
Koozie Group has acquired the promotional calendar product line of Skinner & Kennedy Co., with the deal closing January 13, 2025. The purchase transfers key staff and production to Koozie Group's Sleepy Eye, Minnesota facility and aims to strengthen Koozie Group's position as a leading supplier of promotional calendars in North America.
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