- Email: [email protected]
John Crane extends capabilities in the turbomachinery sector
NEWS
GDX International announces sale
G
DX International Holdings Ltd. has announced that MAPS Holdings Inc., an affiliate of Wynnchurch Capital, a Chicago-based private equity firm, has entered into a definitive agreement to acquire the ongoing business and certain of the facilities of GDX. As part of this transaction, MAPS Holdings will acquire GDX’s global headquarters in Farmington Hills, Michigan and operating facilities in New Haven, Missouri, Welland, Ontario, Guadalajara, Mexico, and Grefrath and Rehburg, Germany, as well as facilities in the Czech Republic and joint venture operations in China. Terms of the transaction were not announced. MAPS Holdings recently acquired the North American business of Metzeler Automotive Profile Systems and Wynnchurch Capital purchased a majority interest in Metzeler North America in September of 2007. GDX is owned by funds and accounts managed by Cerberus Capital Management, L.P. The closing is subject to the satisfaction of a number of conditions, including the finalization of agreements with major customers concerning the ongoing business, as well as reaching various agreements concerning facilities that are not included in the transaction. These excluded facilities are GDX operations in Batesville, Arkansas, Wabash, Indiana and Magog, Quebec, Canada, as well as subsidiaries operating in Spain and France.
Contact: Metzeler Automotive Profile Systems, North America Inc. 900 East Whitcomb Avenue, Madison Heights, Michigan 48071-5612, USA, Tel: +1 248 583 1122, Fax: +1 248 583 1255, Web: www.metzeler-profiles.com.
Editor’s comment: You may recollect that in October we reported that Cooper-Standard Automotive has completed the purchase of the Metzeler Automotive Profile Systems operations in Germany, Italy, Poland and Belgium, and a
December 2007
joint venture interest in China. At the time of preparing the news MAPS still seems to have a single website for both European and US activities although presumably they are now different companies.
John Crane extends capabilities in the turbomachinery sector
J
ohn Crane, a Smiths Group business, has purchased German company, Sartorius Bearing Technology (SBT), part of Sartorius AG. Based in Gottingen, Germany, SBT employs around 100 people and is a recognised European supplier of speciality engineered bearings. It has a varied product portfolio, which includes tilting pad bearings for highspeed rotor applications, standard thrust and journal multi-lobe bearings plus combined bearings for restricted assembly and mounting applications. This acquisition, which is subject to regulatory approval, will extend the range of advanced technology products aimed at the turbomachinery industry. “John Crane has an unrivalled global sales and service network,” comments Mike Mansell, Managing Director of John Crane EAA. “The acquisition of SBT is an important step in our strategy to leverage this network for a wider range of solutions used in highperformance rotating equipment. Together, John Crane and SBT aim to build a global position in bearing technology, one that will complement John Crane’s existing mechanical sealing solutions, couplings and
associated technologies and further help our customers achieve their demanding performance goals.” Contact: John Crane EAA, Nash Road, Trafford Park, Manchester, M17 1SS, UK, Tel: +44 161 886 5993, Fax: +44 161 872 1654, Email: [email protected], Web: www.johncrane.co.uk.
German O-ring seminars for 2008 announced
O
-Ring Prüflabor Richter is again offering a series of seminars on elastomeric seals. The dates for the seminars proposed in 2008 are as follows: • 19-20 February, Elastomeric compounds and seals. • 11-12 March, O-ring seals, design, temperature limits and applications. • 22-23 April, Failure analysis of elastomeric seals. • 3-4 June, Testing of elastomeric materials and seals. Please note that these seminars are held in German.
Contact: O-Ring Prüflabor Richter, Kleinbottwarer Str. 1, 71723 Großbottwar, Germany, Tel: +49 7148 922037, Fax: +49 7148 922038, Email: [email protected], Web: www.o-ring-prueflabor.de.
John Crane is expanding the company business in the turbomachinery market with the purchase of specialised bearing manufacturer Sartorious.
Sealing Technology
7
GDX International announces sale
G
DX International Holdings Ltd. has announced that MAPS Holdings Inc., an affiliate of Wynnchurch Capital, a Chicago-based private equity firm, has entered into a definitive agreement to acquire the ongoing business and certain of the facilities of GDX. As part of this transaction, MAPS Holdings will acquire GDX’s global headquarters in Farmington Hills, Michigan and operating facilities in New Haven, Missouri, Welland, Ontario, Guadalajara, Mexico, and Grefrath and Rehburg, Germany, as well as facilities in the Czech Republic and joint venture operations in China. Terms of the transaction were not announced. MAPS Holdings recently acquired the North American business of Metzeler Automotive Profile Systems and Wynnchurch Capital purchased a majority interest in Metzeler North America in September of 2007. GDX is owned by funds and accounts managed by Cerberus Capital Management, L.P. The closing is subject to the satisfaction of a number of conditions, including the finalization of agreements with major customers concerning the ongoing business, as well as reaching various agreements concerning facilities that are not included in the transaction. These excluded facilities are GDX operations in Batesville, Arkansas, Wabash, Indiana and Magog, Quebec, Canada, as well as subsidiaries operating in Spain and France.
Contact: Metzeler Automotive Profile Systems, North America Inc. 900 East Whitcomb Avenue, Madison Heights, Michigan 48071-5612, USA, Tel: +1 248 583 1122, Fax: +1 248 583 1255, Web: www.metzeler-profiles.com.
Editor’s comment: You may recollect that in October we reported that Cooper-Standard Automotive has completed the purchase of the Metzeler Automotive Profile Systems operations in Germany, Italy, Poland and Belgium, and a
December 2007
joint venture interest in China. At the time of preparing the news MAPS still seems to have a single website for both European and US activities although presumably they are now different companies.
John Crane extends capabilities in the turbomachinery sector
J
ohn Crane, a Smiths Group business, has purchased German company, Sartorius Bearing Technology (SBT), part of Sartorius AG. Based in Gottingen, Germany, SBT employs around 100 people and is a recognised European supplier of speciality engineered bearings. It has a varied product portfolio, which includes tilting pad bearings for highspeed rotor applications, standard thrust and journal multi-lobe bearings plus combined bearings for restricted assembly and mounting applications. This acquisition, which is subject to regulatory approval, will extend the range of advanced technology products aimed at the turbomachinery industry. “John Crane has an unrivalled global sales and service network,” comments Mike Mansell, Managing Director of John Crane EAA. “The acquisition of SBT is an important step in our strategy to leverage this network for a wider range of solutions used in highperformance rotating equipment. Together, John Crane and SBT aim to build a global position in bearing technology, one that will complement John Crane’s existing mechanical sealing solutions, couplings and
associated technologies and further help our customers achieve their demanding performance goals.” Contact: John Crane EAA, Nash Road, Trafford Park, Manchester, M17 1SS, UK, Tel: +44 161 886 5993, Fax: +44 161 872 1654, Email: [email protected], Web: www.johncrane.co.uk.
German O-ring seminars for 2008 announced
O
-Ring Prüflabor Richter is again offering a series of seminars on elastomeric seals. The dates for the seminars proposed in 2008 are as follows: • 19-20 February, Elastomeric compounds and seals. • 11-12 March, O-ring seals, design, temperature limits and applications. • 22-23 April, Failure analysis of elastomeric seals. • 3-4 June, Testing of elastomeric materials and seals. Please note that these seminars are held in German.
Contact: O-Ring Prüflabor Richter, Kleinbottwarer Str. 1, 71723 Großbottwar, Germany, Tel: +49 7148 922037, Fax: +49 7148 922038, Email: [email protected], Web: www.o-ring-prueflabor.de.
John Crane is expanding the company business in the turbomachinery market with the purchase of specialised bearing manufacturer Sartorious.
Sealing Technology
7