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New Deal


Announced

Duravant completed the acquisition of Wulftec International.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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industrial machinery

Acquisition

Completed

Majority

Friendly

Canada

Machinery: Industrial

Private

Single Bidder

Synopsis

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Duravant, a global engineered equipment, and automation solutions provider to the food processing, packaging and material handling sectors, completed its acquisition of Wulftec International, the premier brand in fully and semi-automatic end-of-line stretch-wrapping equipment. Financial terms were not disclosed. The partnership bolsters Duravant’s end-of-line portfolio of packaging solutions and extends the company’s integration and automation capabilities. “We are very pleased to welcome the Wulftec team to the Duravant family. Wulftec has successfully built long-standing relationships with blue-chip customers through their partnership-based approach with certified distributors, integrators and direct sales agents that deliver expert local support. The Wulftec name is synonymous with quality and innovation in the marketplace, and we look forward to continuing that tradition of excellence.” Mike Kachmer, Duravant CEO.

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