Commercial Heat Treat Acquisitions 2024-Addition

January 5th of this year “The Monty” in an industry exclusive, put together a list of commercial heat treat acquisitions in 2024. As it turns out a reader very politely pointed out that we missed on acquisition which took place April of 2024-Solar Atmospheres acquiring Metal Craft Inc. This has now been added to our list of acquisitions. 
Bodycote Acquires Lake City Heat Treat. October 9, 2023 commercial heat treater Bodycote announced that they would be acquiring Lake City Heat Treat in Warsaw, Indiana-this deal was successfully completed on 19 January 2024.
 
Kittyhawk Inc., Acquires Stack HIP, LLC. March 7, 2024 Kittyhawk, Inc., backed by Trive Capital acquired Stack HIP, LLC in Albany, Oregon from Stack Metallurgical Group.   
 
Tube Bending Technology Acquires Scarrott Metallurgical Company. In a deal which closed March 27th of this year Tube Bending Technology acquired Los Angeles, California heat treater Scarrott Metallurgical. 
 
Solar Atmospheres Acquires Certified Metal Craft Inc. April 29th, 2024 commercial heat treater Solar Atmospheres of Souderton, PA acquired commercial heat treater Certified Metal Craft Inc., of El Cajon, CA, USA. 
 
East-Lind Heat Treat Sold to California Group. In an acquisition which attracted little attention East-Lind Heat Treat of Madison Heights, Michigan, USA was sold to an unknown group based in California. The closing date was May 1 of this year. 
 
Metals Technology Corp., to be Sold to SWD, Inc. After entering receivership in August of this year it was announced in October that a plating/coating company by the name of SWD Inc., had signed a letter of intent to acquire Metals Technology Corp., of Carol Stream IL.  As far as we are aware this is planned for January of 2025. 
 
HÄRTHA GROUP Acquires Donau-Härterei GmbH. In October of this year commercial heat treater HÄRTHA GROUP of Germany acquired another Germany based commercial heat treater by the name of Donau-Härterei GmbH. 
 
Surface Heat Treating & Coatings Acquired by Atlantic Heat Treating.  Effective December 2, 2024 Surface Heat Treating & Coatings (SHC) in Stoney Creek, Ontario Canada has been acquired by Atlantic Heat Treating of Ajax, Ontario, Canada.
 
Thermal Vac Sold to Tube Bending Technology. December 4th of 2024 commercial heat treater Thermal Vac of Orange, CA, USA was acquired by Tube Bending Technology also of California. This was the second heat treat acquisition by Tube Bending-the first being Scarrott Metallurgical which is mentioned above. 
 
Paulo Products Company Sold to Aalberts N.V. And in the largest acquisition of all Aalberts N.V. has reached an agreement to acquire 100% of the shares of Paulo Products Company (Paulo), operating five facilities in the USA and one in Mexico, generating an annual revenue of approximately USD 105 million with 522 employees. This was announced December 30th with the deal set to be concluded the second quarter of 2025.
 
What will be the next acquisition? Well we know of a small one in Canada that will be consummated January 16th of this year if everything goes according to plan. Needless to say “The Monty” will be the first to give you news of any commercial heat treat acquisitions. 
 

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