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Announced

Completed

Tufropes completed the acquisition of Cortland Industrial from Enerpac Tool Group.

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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technologically advanced ropes

United States

manufacturer

Construction Services

Acquisition

Cross Border

Majority

Private

Completed

Friendly

Single Bidder

Synopsis

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Tufropes, a manufacturer of high-performance synthetic fiber ropes and netting solutions, completed the acquisition of Cortland Industrial, a designer, manufacturer, and supplier of technologically advanced ropes, slings, and tethers, from Enerpac Tool Group, a manufacturer of high-force industrial tools and related services. Financial terms were not disclosed. “With this transaction, we are continuing to sharpen Enerpac Tool Group’s pure-play focus. At the same time, we are pleased to have completed a competitive process for Cortland Industrial that culminated in this value-maximizing transaction and provides a strong new home in Tufropes for our Cortland Industrial team members." Paul Sternlieb, Enerpac Tool Group President and CEO.

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