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ParkOhio Closes USD 8m Acquisition of UK Manufacturer Hydrapower Dynamics
Wednesday 07 November 2018

7 November 2018 - Ohio, US-based manufacturing and supply chain management outsourcing service provider Park-Ohio Holdings Corp. (NASDAQ: PKOH) has acquired UK-based manufacturer Hydrapower Dynamics Ltd. for USD 8m in cash, the company said.

Headquartered in Birmingham, England, Hydrapower is a manufacturer of fluid handling systems incorporating hoses, manipulated tubes and fabricated assemblies for the bus and truck, automotive, agricultural and construction end markets.

Hydrapower will be included in Park-Ohio's Assembly Components segment from the date of acquisition.

ParkOhio is a diversified international company, operating 45 manufacturing sites and 54 supply chain logistics facilities through three segments, supply technologies, assembly components and engineered products.
Date Published: 07/11/2018
Target: Hydrapower Dynamics Ltd
Country: USA
Deal Size: 8m (USD)
Sector: Machinery/Engineering
Type: Corporate acquisition
Financing: Cash
Status: Closed
Buyer: Park-Ohio Holdings Corp