Announced
Completed
Synopsis
Behrman Capital-backed Shur-Co, a manufacturer of innovative cargo covering and cargo control systems and related accessories for the transportation industry, completed the acquisition of AB Airbags, a supplier of high-quality dunnage airbags, accessory tools, and cargo securement products and solutions. Financial terms were not disclosed. "This is an exciting opportunity for Shur-Co, and we're pleased to start working with the innovative and entrepreneurial team at AB Airbags. Shur-Co and AB have complementary product lines, and this acquisition is a natural expansion of our existing product categories and a chance to grow our relationships with existing customers, as we work to meet their cargo control and protection needs. AB Airbags has a strong reputation, deep expertise, and a tangible growth outlook, and we're looking forward to helping them execute on their strategic vision," Chad Heminover, Shur-Co CEO.
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