Bodycote Acquires Lake City HT and Stack Metallurgical Group for $145M
October 6, 2023
Bodycote plc agreed to acquire Lake City HT (Warsaw, Indiana) and Stack Metallurgical Group (Pacific Northwest) for a combined gross consideration of $145 million to expand its Hot Isostatic Pressing (HIP) and heat treatment footprint in North America. The acquisitions add two HIP and three heat treatment sites, strengthen Bodycote's reach in medical and aerospace end markets and are expected to be accretive to margins and EPS from year one.
- Buyers
- Bodycote plc
- Targets
- Lake City HT, Stack Metallurgical Group
- Sellers
- Davis family, Group of private investors
- Industry
- Industrial Services
- Location
- United States
- Transaction Type
- Buyout
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