Last updated on May 13th, 2019 at 02:36 pm
Virginia company acquires Delavan factory
Synerject LLC announced it has completed its acquisition of the manufacturing assets and of BRP US Inc.’s engine management modules facility in Delavan. The acquisition expands Newport News, Va.-based Synerject’s North American manufacturing base for production of engine management modules and components to serve its growing regional markets.
The Delavan facility manufactures fuel injectors and electronic engine management modules and components for BRP’s Johnson and Evinrude divisions. Supply contracts with BRP for the products made in Delavan were an integral part to the purchase agreement. Financial terms of the acquisition were not disclosed.
BRP US does business as the Bombardier Motor Corp. of America and has facilities in Sturtevant, Wis., and Benton, Ill.
The 40,000-square-foot Delavan plant was established in 1996 and acquired by BRP in 2001. The plant has about 80 employees.
"The deal with BRP is that we not only buy the facilities, but we buy the existing assets of the plant. There is no reason why we would need less employees than we have today, and we expect to utilize the plant in Delavan as a platform from which we can launch more business. Management is staying in place, and we’re very satisfied with the management team we found there. We probably will increase the staff in areas in which we need to add people," Didier de Vulpillieres, manager of business development in North America for Synerject, told SBT.
Synerject was formed between Siemens VDO Automotive Corporation and Orbital Corporation Limited, in 1997, with additional offices in France.
Brady Corp. acquires Australian firms
Milwaukee-based Brady Corp. announced it has acquired Accidental Health & Safety Pty. Ltd., and its Trafalgar First Aid Pty. Ltd. business unit, headquartered in Glendenning, New South Wales, Australia. Financial terms of the transaction were not disclosed.
Accidental Health & Safety and Trafalgar are suppliers and distributors of customized first-aid kits and supplies, and related safety products and signage for commercial enterprises in the Australian market. The companies, which employ about 70 people, market through a national network of distributors as well as a direct sales force, and serve customers in all states in Australia. Their fiscal 2005 sales were approximately $9 million.
"The acquisition of Accidental and Trafalgar will reinforce Brady’s position as a leading provider of safety products and services in Australia by increasing our access to industrial and commercial markets and providing an expanded distribution network for our broader line of safety and workplace identification products," said Brady Australia managing director Stephen Millar.
Machine shops merge to cut costs for OEMs
Schofield-based Wire Maid Manufacturing, a manufacturer of high-precision wire, tube and stamped products, has acquired Ro-Band Corp. of Menomonee Falls.
G3 Industrial, a newly formed holding company owned and managed by Jim Frings, owner and president of Wire Maid Manufacturing, will operate the merged companies.
"As a major supplier to the leading OEMs (original equipment manufacturers) in the outdoor power equipment industry, Wire Maid must continue to find ways to add value that reduces our customers’ total cost of doing business. This merger positions us to accomplish this for our current customers, grow within the outdoor power equipment industry, and expand Wire Maid into vertical markets with similar requirements," said Frings, who has owned and managed Wire Maid since 1993. "Ro-Band Corp. was a great fit for us. Combining Ro-Band Corp.’s world-class performance in both quality and delivery with an aggressive growth company like Wire Maid, gives both companies some really nice opportunities, and our customers are able to benefit from our growing capabilities."
Linda Mertz, managing director of Mertz Associates in Milwaukee, served as an advisor in the transaction. Financial terms of the acquisition were not disclosed.
Wire Maid is building a new plant in Kronenwetter, Wis.
Fiserv acquires assets from Amsterdam company
Fiserv Inc. announced it has acquired assets of CT Insurance Services and CCH Wall Street, two product lines of Wolters Kluwer Financial Services of Amsterdam. The acquisitions, which include Xchange, Securities Registration and Producer Licensing software from CT Insurance Services and the Financial Training product line from CCH Wall Street, will add both online application capabilities for insurance licensing and securities registration, along with extensive NASD exam preparation courses to Fiserv’s suite of products. Financial terms of the asset purchase were not disclosed.
"Fiserv has always been committed to providing our clients with best-in-class technology when it comes to automating processes and offering end-to-end solutions, and this acquisition reinforces that commitment," said Jeff Yabuki, president and chief executive officer of Brookfield-based Fiserv.
The acquired products will become a part of RegEd, the Morrisville, N.C. business unit of Fiserv that provides continuing education and compliance solutions for the securities and insurance industries.
RedPrairie makes another acquisition
RedPrairie Corp., a Waukesha-based supply chain solutions company, announced it has completed its acquisition of MARC Global Holdings Inc. The combined company, operating under the RedPrairie name, will unify and support all products and services from both organizations, offering its expanded customer base access to more abundant and rich solution capabilities, deeper functionality across key verticals and wider geographic support.
Oliver Cooper, former chief executive officer of Atlanta-based MARC Global, will continue to serve in a leadership position within the combined organization, under the direction of RedPrairie company leader John Jazwiec.
"This acquisition benefits RedPrairie and MARC customers alike," Jazwiec said. "We will take advantage of the numerous solution and business synergies our companies share to better address customers’ evolving supply chain challenges. As a unified organization, we offer improved support for several vertical and geographic markets, as well as a broader product footprint overall."
The acquisition will boost RedPrairie’s capabilities to provide radio frequency identification (RFID) services to customers in Europe and Asia.
The combined company is expected to generate $172 million in annual revenue and employ 738 employees across 21 global sites.