Lone Star to acquire ERIKS from SHV.

Lone Star, a private equity firm, agreed to acquire ERIKS, a specialized industrial service provider that offers a wide range of technical products, co-engineering, and customization solutions, from SHV, a coal trading company. Financial terms were not disclosed. "ERIKS represents an exciting investment opportunity and a valuable addition to our European investment portfolio. This acquisition aligns with our strategy of investing in market leading businesses that exhibit both growth and operating improvement potential. We are excited to work alongside the ERIKS team to further scale the business and accelerate the delivery of innovative solutions to their customers," Donald Quintin, Lone Star CEO and Global President.