Haworth Acquires Majority Stake in Tayco

NewCo Plastics Acquires Majority Stake in Hilco Technologies

July 16, 2021

Manufacturing

NewCo Plastics, a holding company formed by White Wolf Capital, has acquired a majority stake in Hilco Technologies, a Grand Rapids-based plastics manufacturer. Hilco provides thermoplastic and gas-assist injection molding, abrasion-resistant hard-coating, and rapid prototyping services to medical, automotive and other industrial end markets; financial terms were not disclosed.

Warburg Pincus Acquires Majority Stake in Ebco

August 16, 2024

Manufacturing

Warburg Pincus has acquired a majority equity stake in Ebco Private Limited, one of India’s largest furniture fittings and architectural hardware manufacturers. Ebco’s promoters will retain a significant minority and remain involved in the business; the investment is intended to support national expansion, deepen manufacturing and R&D capabilities, and scale distribution across India.

Hickory Furniture Collective Acquires Old Hickory Furniture Company

November 17, 2022

Manufacturing

Hickory Furniture Collective has acquired Old Hickory Furniture Company of Shelbyville, Indiana, bringing the historic brand into its family of American-made hickory furniture businesses. The Morrison family sold the business but Old Hickory's president, Bob Morrison, will remain in his role as the company is integrated to expand the buyer's retail and contract market presence while preserving manufacturing in Indiana.

Hillman Acquires OZCO Building Products

April 19, 2021

Building Products

The Hillman Companies, Inc. has acquired OZCO Building Products, a U.S. manufacturer of ornamental wood ties and outdoor structural connectors with approximately $18 million in annual net revenue. OZCO will operate within Hillman’s Hardware Solutions business, with OZCO founder Ian Hill remaining on the senior leadership team to help extend OZCO's patented product portfolio across Hillman’s distribution network.

Steelcase Inc. Acquires HALCON Furniture

May 5, 2022

Manufacturing

Steelcase Inc. signed a definitive agreement to acquire HALCON, a Stewartville, Minnesota-based designer and manufacturer of precision wood office furniture, for $127.5 million plus up to $9.5 million of contingent consideration. HALCON reported approximately $70 million of revenue over the trailing twelve months through April 2022 and a backlog near $56 million; the transaction is expected to close in Steelcase's second quarter of fiscal 2023.

Toromont Industries Acquires 60% Stake in AVL Manufacturing Inc.

February 3, 2025

Manufacturing

Toromont Industries Ltd. has acquired a 60% ownership stake in AVL Manufacturing Inc., a Hamilton, Ontario-based designer and fabricator of power generation and energy storage enclosures that serves the data centre market across eastern North America. The purchase was paid in cash and Toromont shares, and Toromont has committed to buying the remaining 40% by agreed dates through 2031 based on performance; the acquisition secures supply for Toromont Power Systems and is not expected to have a material near-term impact on combined results.