Rheinmetall to Acquire Loc Performance Products in $950 Million Deal

RENK Group Acquires L3Harris Combat Propulsion Systems to Create RENK America

July 6, 2021

Aerospace & Defense

RENK Group acquired L3Harris Technologies' Combat Propulsion Systems business for roughly $400 million in cash and also purchased L3Magnet-Motor GmbH, forming RENK America headquartered in Muskegon, Michigan. The deal expands RENK's U.S. manufacturing footprint and capabilities in armored-vehicle propulsion and hybrid drive solutions while retaining nearly 400 U.S. employees.

Rock West Composites Acquires Assets of Performance Plastics, Inc.

September 8, 2023

Aerospace & Defense

Rock West Composites acquired the assets of Performance Plastics, Inc. on September 8, 2023, integrating PPI’s staff, facility and equipment into RWC operations. The deal expands Rock West’s product offering and manufacturing capabilities—adding metallic manufacturing, machining, forming and bonding—and brings approximately 80 PPI employees into RWC’s employee‑owned business.

Pexco LLC Acquires Performance Elastomers Corporation

December 1, 2021

Manufacturing

Pexco LLC, a PE-backed North American specialty plastics extruder, acquired Performance Elastomers Corporation (PEC), a Ravenna, Ohio-based manufacturer of rubber, silicone and thermoplastic elastomer (TPE) products. The deal — announced December 1, 2021 — expands Pexco's silicone and TPE capabilities and broadens its end-market exposure in mobility, RV, marine and heavy equipment aftermarket segments; PEC owners Art Bowen and Dave Spears sold the business.

Pexco LLC Acquires Performance Plastics Ltd.

September 15, 2022

Manufacturing

Pexco LLC, a North American specialty plastics manufacturer backed by Odyssey Investment Partners, has acquired Performance Plastics Ltd., a Cincinnati-based precision injection molder specializing in high-performance polymers. The deal expands Pexco's capabilities in fluoropolymers and other high-performance materials and adds engineering and tight-tolerance molding expertise for aerospace, defense, medical and precision industrial end markets.

LDC Invests in Rhino Products

November 2, 2020

Automotive

Mid-market private equity firm LDC has invested in Rhino Products, a UK-headquartered designer and manufacturer of light commercial vehicle accessories, to support the business's international growth and buy-and-build strategy. The investment will back Rhino’s management team to expand market share in the UK and overseas; banking facilities were provided by HSBC and advisors on the deal included Grant Thornton, Hill Dickinson and GCA Altium.

DuPont to Buy Laird Performance Materials for $2.3 Billion

March 8, 2021

IT Services

DuPont entered into a definitive agreement with Advent International to acquire Laird Performance Materials for $2.3 billion, funded with existing cash balances. The deal is expected to close in Q3 2021, subject to regulatory approvals and customary closing conditions.