CECO Environmental Acquires General Rubber (GRC)
March 7, 2023
CECO Environmental Corp. has completed the acquisition of industrial flow control leader General Rubber (GRC) and integrated the business into its Effox‑Flextor‑Mader (EFM) joint venture with Chartwell Investments (Chief Capital). The acquisition expands CECO's product offering into rubber expansion joints and increases its addressable market to approximately $500 million while improving short-cycle sales and expected accretion to earnings and cash flow.
- Buyers
- CECO Environmental Corp., Chartwell Investments Entrepreneur & Founder Capital, LLC (Chief Capital)
- Targets
- General Rubber (GRC)
- Platforms
- Effox-Flextor-Mader, Inc. (EFM)
- Industry
- Manufacturing
- Location
- Arizona, United States
- Transaction Type
- Buyout
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