PARIS--(BUSINESS WIRE)--Manoir Industries SA (“Manoir”), a designer and manufacturer of highly-engineered specialty metal components and assemblies for the aerospace, petrochemical, energy, steel, and defence industries, today announced that it has acquired Hi-Tech Fabrication Ltd. (“Hi-Tech”), a niche provider of welded assemblies in heat resistant and corrosion resistant steels and alloys for the petrochemical, oil and gas, and power industries. Hi-Tech, which is located in Burton on Trent, Staffordshire and is ISO 9001:2000 approved, specialises in high temperature and high pressure furnace tubes and components. Terms of the acquisition were not disclosed.
Manoir, which is an affiliated portfolio company of Sun Capital Partners, Inc. (“Sun Capital”), a leading U.S.-based private investment firm specializing in leveraged buyouts and investments in market-leading companies, has nine manufacturing facilities (eight in France and one in Belgium), two joint ventures in China, two joint-ventures in India, and employs over 3,000 employees.
Philippe Royer, President and CEO, Manoir Industries SA, commented, “We are very pleased to augment our global fabrication network through the acquisition of Hi-Tech Fabrication, under the leadership of its Founder and CEO, Steve Strama, a supplier of many years standing. This transaction re-enforces our ongoing efforts to develop welding capabilities in many parts of the globe which will allow us to offer our customers a broader range of furnace components, thereby effecting operational improvements given the geographic proximity to our customer base, and to pursue new sales and marketing opportunities.”
Steve Strama, President and CEO, Hi-Tech Fabrication Ltd., added, “I am very pleased to have joined Manoir Industries at this exciting point in its evolution. With the support of a larger operating partner, Hi-Tech will have the capability to expand its business while maintaining superlative customer service. I am looking forward to the challenge.”
Nathaniel J. Meyohas, Vice President, Sun European Partners, LLP, stated, “Our affiliate, Sun Capital Partners, is delighted to support Manoir in strengthening its value proposition in its niche industry segments though the acquisition of Hi-Tech Fabrication and other such companies that might be suitable growth partners.”
About Sun European Partners, LLP
Sun European Partners, LLP is the European adviser to Sun Capital Partners, Inc., a leading U.S.-based investment firm focused on leveraged buyouts, equity, debt, and other investments in market-leading companies that can benefit from its in-house operating professionals and experience. Sun Capital affiliates have invested in and managed more than 190 companies worldwide since Sun Capital’s inception in 1995 in the United States, with combined sales in excess of €25.7 billion (US $35 billion). Sun Capital has built up a strong expertise in the retail sector with its current portfolio comprising 17 retail investments. For more information, please visit www.SunEuropeanPartners.com.