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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