VanZandt Controls Acquires Texas Tools Maker Flatland Forge Assets.
M2 EQUITYBITES-December 19, 2017-VanZandt Controls Acquires Texas Tools Maker Flatland Forge Assets
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19 December 2017 - Texas, US-based process controls provider VanZandt Controls, LLC has acquired the machining assets of Texas-based forging tools manufacturer Flatland Forge, Inc., the company said.
Terms of the transaction were not disclosed.
The acquisition represents a vertical integration of VanZandt's supply chain, allowing VanZandt to internally machine key components utilised in the packaging of automated valves. With its new machining capabilities, VanZandt will have greater control of the quality and delivery time of its products to better support its customers.
VanZandt Controls, LLC is a portfolio company of Texas, US-based private equity firm OFS Energy Fund.
VanZandt said by bringing machining capabilities in-house, the company can more quickly and reliably supply products to customers.
In acquiring VanZandt, OFS and Richards plan to utilise the company as a platform to create a market-provider of automated valve, flow measurement and instrumentation components. Since the acquisition, VanZandt has added regional distribution centres in New Mexico and Texas.
VanZandt Controls, LLC specialises in valve automation, flow measurement, instrumentation, and process controls.
OFS Energy Fund specialises in acquisitions and recapitalisations of middle-market companies in the energy industry with enterprise values between USD 5m and USD 100m.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Dec 19, 2017|
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