About This Deal

AMETEK acquired Global Tubes for part of $356.5 million across two 2015 businesses, a transaction completed in May 2015, structured as All-cash.

Global Tubes operates in EMG. Global Tubes manufactures high-precision, small-diameter metal tubing from stainless steel, nickel, zirconium, titanium and other alloys for demanding aerospace, energy, power-generation and medical applications. It comprised Fine Tubes of Plymouth, UK and Superior Tube of Collegeville, Pennsylvania, with annual sales of roughly $120 million. AMETEK acquired the business in May 2015 for about $200 million, adding it to the Electromechanical Group.

EMG

Deal Terms

Acquirer
AMETEK
Target
Global Tubes
Value
Part of $356.5 million across two 2015 businesses
Date
May 2015
Type
Full acquisition
Status
Ready

Transaction Details

Segment
EMG
Structure
All-cash
Closed
May 1, 2015

In Their Words

A manufacturer of high-precision, small-diameter metal tubing, acquired in May 2015.AMETEK FY2015 10-K, Item 1 Business / Acquisitions note

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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