Manufacturing Acquisitions in South Carolina

Foundation Investment Partners (FIP), via its platform Sustainable Packaging, LLC, has acquired Paper Converters, Inc., a Walterboro, South Carolina manufacturer of spiral wound paper tubes, edge board and sheeting. The acquisition is an add-on to FIP's Sustainable Packaging platform and is intended to drive collaboration with sister company Amspak, improve supply chain continuity, and expand capability in sustainable paper packaging for textile and industrial customers in the Southeastern U.S.

Mississippi Lime Company (MLC), an HBM Holdings company, has completed the acquisition of Burnett, Inc., a technical leader in lime slurry systems and services used in municipal water treatment. The deal includes Burnett's four Southeast U.S. operations, trucking business and proprietary technologies (CAL~FLO and the RE~MIN PROCESS); financial terms were not disclosed.

Emerald Lake Capital Management has made an equity investment in CORE Transformers, a Seneca, South Carolina-based supplier of new and reconditioned transformers and repair solutions serving commercial, industrial, data center, and renewable energy markets. Terms were not disclosed; Emerald Lake said it will support CORE with investments in talent, technology, and inventory and pursue select acquisitions to broaden the company's service offerings and market position.

Hydrite, a family-owned chemical manufacturer headquartered in Brookfield, Wisconsin, acquired Enterprise Specialty Products, Inc. (ESP), a Laurens, South Carolina-based foam control product provider, effective September 3, 2025. The deal expands Hydrite’s product portfolio and marks its entrance into the U.S. Southeast region; ESP founder Allen Waters will continue to oversee day-to-day operations to ensure continuity for customers and employees.

Nova Capital Management has completed the acquisition of Shakespeare Company LLC, a long-standing manufacturer of engineered nylons, monofilaments and marine/military antennas, from Jadex Inc. The transaction is a corporate carve-out that establishes Shakespeare as a standalone, PE-owned company headquartered in Columbia, South Carolina; Nova intends to pursue operational transformation and growth under new leadership.

Bondcote Performance Textiles (BPT), a subsidiary of XFS Global and backed by Lake Country Capital, has acquired Graniteville Specialty Fabrics (GSF). The GSF team, brand, and product lines will integrate into BPT while continuing operations at GSF’s Graniteville, South Carolina facility, expanding BPT’s coating and technical-textile capabilities to better serve defense, first-responder, and commercial end markets.

Hexagon AB has completed two acquisitions: the Geomagic software suite from 3D Systems and GNSS specialist Septentrio NV. Geomagic will operate within Hexagon’s Manufacturing Intelligence division while Septentrio will be consolidated into Hexagon’s Autonomous Solutions division; the transactions closed following regulatory approvals and are expected to generate one-off integration and separation costs of ~40 MEUR.

Paper Excellence Group announced the operational integration of its recently acquired Domtar Corporation and Resolute Forest Products with the legacy Paper Excellence business and will operate under the unified brand Domtar. The move consolidates pulp, paper, packaging, tissue and lumber businesses across North America to create a larger, single forest-products company focused on operational excellence and sustainability.

Altor Solutions, a Compass Diversified (CODI)-backed cold-chain and protective packaging business, has acquired Lifoam Industries from Jadex Inc. for an enterprise value of $137 million in cash (excluding working capital and certain adjustments). The deal expands Altor's cold-chain packaging capabilities and geographic footprint with Lifoam's seven U.S. manufacturing sites and specialized thermal testing and engineering capabilities.

Springfield Tool & Die, a nearly 100-year-old precision manufacturing business headquartered in Duncan, South Carolina, was acquired by individual buyer Caleb Standafer III. The transaction—facilitated by Viking Mergers & Acquisitions—transfers ownership from retiring president Tom Aldridge, with the new owner committing to preserve the company’s legacy and service levels.

SPATCO Energy Solutions, backed by investor Kian Capital, has acquired Blue1 Energy Equipment, a Greenville, South Carolina-based manufacturer of DEF storage and dispensing and fueling equipment. The add-on strengthens SPATCO’s DEF and fueling equipment manufacturing capabilities, expands its customer base across petroleum distributors, convenience stores, fleets and government agencies, and increases the platform’s U.S. footprint.

Paladin Holdings LLC, a portfolio company of Makai Capital Partners, has acquired Ultra-Pak, Inc., a Greer, South Carolina-based contract manufacturer, packager and distributor of personal care and cleaning products. The acquisition expands Paladin's liquid and powder filling capabilities and strengthens its presence in the Jan-San and Hospitality markets.

Portland Bolt & Manufacturing Co., LLC has acquired the South Carolina manufacturing and hot-dip galvanizing operations of Southern Anchor Bolt Co., expanding Portland Bolt's US manufacturing footprint into the East. The deal adds galvanizing capacity and broadened product offerings while Southern Anchor Bolt's president, Leslie Yanizeski, will continue to manage daily operations to support continuity and customer service.

STAR Turbine, a Mangrove Equity Partners-backed specialty turbine parts manufacturer, has acquired Thor Precision, a Greenville, South Carolina-based precision manufacturer of aftermarket gas turbine parts. Thor founders remain equity owners (Andy Pelinsky promoted to President), and the deal is part of Mangrove's strategy to build a family of aftermarket turbine parts manufacturers.

LFM Capital, a Nashville-based private equity firm, has invested in Current Tools, LLC, a manufacturer of specialized cable-pulling and conduit-bending tools headquartered in Wellford, South Carolina. The investment makes Current Tools the seventh platform company in LFM's third fund and will support the company's U.S.-based manufacturing growth and expansion of product offerings for electrical and mechanical contractors.

Woodings Industrial Corporation and affiliated company Munroe Inc., with financing from Ironwood Capital, acquired 100% of Superior Machine Company of South Carolina, Inc., a Florence, South Carolina-based provider of melt‑shop equipment manufacturing and field services. The deal adds electric arc furnace and continuous casting capabilities to Woodings’ portfolio and will allow Superior to operate independently under the Woodings Industrial group while supporting accelerated growth and expanded North American market coverage.

Paladin Holdings LLC, a portfolio company backed by Makai Capital Partners (with equity from Capital For Business, Inc. and Konza Valley Capital, Inc.), has acquired Texize, Inc., a Greenville, South Carolina-based manufacturer of industrial and commercial cleaning products. The deal is an add-on to Paladin's industrial products portfolio intended to strengthen product offerings and increase production capacity across Texize's regional customer base.

Makai Capital Partners, together with Capital For Business, Inc. and Konza Valley Capital, has acquired New Life Chemical & Equipment, Inc. of Greenville, South Carolina. The transaction is the first add-on to Makai's specialty chemical manufacturing platform, Paladin Holdings, and includes subordinated debt and equity from CFB and Konza while management remains with the company.

Klöckner & Co, through its U.S. subsidiary Kloeckner Metals Corporation (KMC), has acquired Industrial Manufacturing Services (IMS), a Lancaster, South Carolina-based metal fabricator. IMS, which operates a single facility with about 100 employees and annual sales around USD 30 million, will expand KMC’s fabrication, welding and just-in-time warehousing capabilities across North America; financial terms were not disclosed.

MSouth Equity Partners, an Atlanta-based private equity firm, completed the acquisition of Engineered Products (EP), a Greenville, South Carolina-based designer, manufacturer and installer of structural storage and racking solutions that support Automated Storage and Retrieval Systems (ASRS). MSouth will partner with EP's management team, led by CEO Tommy Sinclair, to support continued growth and investment in infrastructure to capitalize on automation trends in warehousing and distribution.

Techniplas US, LLC completed the acquisition of Proper Group International's Anderson, South Carolina manufacturing operation (Proper Anderson). The 86,000 ft2 injection-molding and assembly facility — founded in 1996 with over 120 employees — produces Tier I and Tier II automotive exterior components as well as consumer and industrial components; Techniplas said the purchase expands its capabilities in Class A surface components.

Clayens Group, an OEP-backed contract manufacturer, agreed to acquire precision plastics manufacturer Parkway Products LLC and completed the carve-out and transfer of a Crystal Lake, Illinois injection-molding manufacturing business from a global healthcare company. The transactions expand Clayens' North American footprint, add manufacturing scale and technical capabilities (notably in healthcare), and consolidate a combined business with roughly €600 million in revenues and an expanded facility network across three continents.

Plastifab Industries, a portfolio company of Regimen Equity Partners, has acquired Marchel Industries, a Spartanburg, South Carolina-based injection molding and precision machining company. The deal adds injection molding capabilities to Plastifab's product offering and expands Plastifab's footprint into the United States while preserving existing management involvement from the Pitts family.

Sidereal Capital Group led a recapitalization of Palmetto Adhesives Company, LLC, partnering with the company's senior management while Parkway Capital, Spring Capital Partners, Route 2 Capital Partners, and MPowered Capital provided subordinated debt and equity support. Palmetto Adhesives, a Greenville, South Carolina–based manufacturer and distributor of hot melt and water-based adhesives with additional facilities in New Jersey and California, will use the capital to support growth and expansion initiatives.

Flow Control Holdings (a portfolio company of Audax Private Equity) has acquired Andron Stainless, a manufacturer of sanitary stainless steel fittings, valves, tubing and accessories with operations in Columbia, South Carolina and Mississauga, Ontario. The add-on expands FCH's sanitary product portfolio, manufacturing capabilities and geographic footprint across the Southeastern U.S. and Canada.

MiddleGround Capital, an operationally focused private equity firm based in Lexington, Kentucky, has acquired SixAxis, LLC, a manufacturer and distributor of engineered loading rack, fall protection and access solutions headquartered in Andrews, South Carolina. MiddleGround said it will partner with SixAxis management to scale operations, expand products and end markets; Piper Sandler served as exclusive financial advisor to SixAxis.

Sage Park, an operations-focused acquisition group, completed the acquisition of substantially all of the assets of Orian Rugs, Inc., a vertically integrated U.S. manufacturer of woven rugs and specialized yarn products headquartered in Anderson, South Carolina. Sage Park said it will invest to grow Orian's manufacturing capabilities and partner with the existing management team to expand the business and customer relationships; transaction financial terms were not disclosed.

Charlotte-based Jenkins Electric has acquired Wheeler Bearing Company, a sleeve and fluid film bearing manufacturer in North Charleston, South Carolina. The purchase expands Jenkins’ industrial motor parts, precision manufacturing and rebabbitting capabilities while retaining Wheeler’s technical and customer-service team at the North Charleston facility.

PCT LTD (Paradigm Convergence Technologies Corporation) completed an all-cash acquisition of a local South Carolina cleaning fluid company that currently generates about $200,000 in annual revenue. PCT said it will leverage the acquired company's marketing expertise and provide back-office support to expand sales and distribution into schools, healthcare facilities and other local and national customers, expecting combined revenue to ramp in Q3 2022.

Hubbell Electric Heater Holdings LLC (HEH Holdings) acquired RECO USA, a manufacturer of high-volume ASME pressure vessels and commercial water heaters based in Cayce, South Carolina. The asset purchase — which closed December 30, 2021 for undisclosed terms — includes RECO's 125,000 sq. ft. manufacturing facility and will keep production in South Carolina while expanding HEH Holdings' large-capacity water heating and storage capabilities.

Paper Excellence Group has completed its acquisition of Domtar, paying USD 55.50 per share and taking Domtar private. Domtar will operate as a stand‑alone business within the Paper Excellence Group with its existing management team remaining in place; Domtar common stock will be delisted from the NYSE and TSX.

Current (formerly GE Current, a Daintree company), part of American Industrial Partners, has completed the acquisition of Hubbell Incorporated's Commercial & Industrial (C&I) lighting business to form the expanded company branded as Current. The deal combines complementary product and controls portfolios — expanding Current's indoor/outdoor lighting, controls and connected lighting offerings and strengthening distribution and scale to capture LED conversion and connected-controls demand.

Plasman, an Insight Equity portfolio company, has acquired Minghua USA, a Greer, South Carolina mold, paint, bonding and assembly plant serving the automotive industry. The add-on expands Plasman's North American manufacturing footprint and fascia/bumper production capacity, bringing the platform to 17 global sites and adding Volkswagen as a customer alongside existing BMW and Volvo relationships.

DCL Corporation acquired Sun Chemical's performance pigments manufacturing facility in Goose Creek (Bushy Park), South Carolina, closing on July 31, 2021. The deal transfers production and sales of perylene and quinacridone pigment portfolios (and select specialty products) to DCL, adding high-performance pigments and a U.S. manufacturing base to DCL's global operations.

MW Industries acquired Duer Carolina Coil, Inc., a Greer, South Carolina-based manufacturer of hot and cold wound springs, with the deal closing on March 26, 2021. The acquisition expands MW Industries' hot and cold wound spring manufacturing capabilities and strengthens its engineered spring and precision components offering across automotive, heavy truck, defense, valve and agricultural end markets.

Gen Cap America, a Nashville-based private equity firm, has partnered with Griffin Gear management to acquire Griffin Gear, Inc., a Roebuck, South Carolina-based manufacturer of replacement gearing and provider of gearbox rebuild and field services. Terms were not disclosed; the deal is positioned as a partnership with existing management to support continued operations and growth under CEO Randy Stewart.

Lion Equity Partners has acquired the Riegel consumer products division (Riegel Linen, LLC) from Mount Vernon Mills in a divestiture executed by Bravaldo Capital Advisors. Riegel, headquartered in Aiken, South Carolina, is an importer, manufacturer and supplier of tablecloths, napkins, bedding and other linens for hospitality, retail and healthcare customers; Lion Equity plans to position the business for growth and potential add-on acquisitions.

Charkit Chemical Company, a subsidiary of LBB Specialties LLC, acquired Custom Ingredients and CA Specialities, adding custom blending and specialty ingredient distribution capabilities to the LBB/Charkit portfolio. Founder Cathy Ayer Clark will remain as President of the acquired businesses, reporting to Jay S. Lang of Charkit as the companies integrate to support expanded market access and growth.

Industrial Opportunity Partners has completed the sale of portfolio company Trantech Radiator Products, Inc. to Main Street Capital. Trantech, a designer and manufacturer of radiators, coolers and cooling systems for transformers based in Edgefield, South Carolina, was sold as an IOP portfolio divestiture; terms were not disclosed.

Clearwell Group, through its portfolio company Iron Container, has acquired Nu-Life Environmental, an Easley, South Carolina-based manufacturer of waste-management containers, equipment, and parts. The deal is Iron Container's second add-on under Clearwell and expands product offerings, customers, and geographic coverage across the Southeast; Sterling National Bank provided debt financing for the transaction.

One Rock Capital Partners (through an affiliate) has acquired Process Solutions from Newell Brands in a carve-out of the specialty manufacturing business. Headquartered in Greenville, South Carolina, Process Solutions makes custom plastic, nylon, monofilament and zinc products serving healthcare, consumer and industrial end markets and employs roughly 1,700–1,800 people across 19 facilities.