Actuant completes Enerpac acquisitions; Mach One completes acquisition of White Hat Brands
Actuant completes Enerpac acquisitions
Butler-based Actuant Corp. announced that it has expanded its Enerpac Integrated Solutions capabilities by completing its acquisitions of Team Hydrotec and Hydrospex.
The combined businesses generate approximately $30 million in annual revenue.
Based in Singapore, Team Hydrotec provides engineering and integrated solutions systems to the Asian energy, ship building, mining and other industries.
Headquartered in The Netherlands, Hydrospex is a provider of a range of heavy-lift technologies, including strand jacks and gantries for the global infrastructure, power generation and other industrial markets.
The acquisitions will operate as part of Enerpac’s Integrated Solutions business within Actuant’s Industrial Segment.
Brian Kobylinski, executive vice president of the Energy and Industrial Segments, said, "We recently created a global organization within Enerpac to further our focus on Integrated Solutions – the combining of our world class hydraulic technology with extensive controls and engineering expertise. The products, technologies, engineering and geographic breadth of Team Hydrotec and Hydrospex are complementary to our existing competencies and will further strengthen our market leading heavy-lift solutions for the global infrastructure and other markets."
The $20 million used for the acquisitions was funded by Actuant’s revolving credit facility.
Mach One completes acquisition of White Hat Brands
Belgium-based Mach One Corp. has completed its acquisition of White Hat Brands LLC, an Atlanta-based firm that produces healthy drinks for children and teens. No terms of the acquisition were disclosed.
With the acquisition, Mach One has created a new consumer driven business unit that is focused on healthy food and beverages. The new division will be run by former White Hat management, including Kevin Quirk, former president and CEO of the company.
