Tufropes (Aimia) Acquires Cortland Industrial from Enerpac for $26.6M
July 11, 2023
Aimia Inc.'s Tufropes subsidiary has acquired Cortland Industrial, LLC from Enerpac Tool Group Corp. for $26.6 million. The deal gives Tufropes a U.S. footprint (manufacturing locations in Anacortes, WA and Houston, TX), expands its engineered synthetic‑rope product portfolio and is immediately accretive to earnings.
- Buyers
- Tufropes, Aimia Inc.
- Targets
- Cortland Industrial, LLC
- Sellers
- Enerpac Tool Group Corp.
- Platforms
- Tufropes
- Industry
- Manufacturing
- Location
- Washington, United States
- Transaction Type
- Addon
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