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Arnold Magnetic acquires Ohio manufacturer | Rochester Business Journal
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Arnold buys Ramco Electric Motors
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Arnold Magnetic Technologies Announces Acquisition of Ramco Electric Motors
Expands Capabilities to Offer Complete System of Engineered Solutions to Combined Customer Base ROCHESTER, N.Y., March 02, 2021 (GLOBE NEWSWIRE) Arnold Magnetic Technologies Corporation (“Arnold”), a subsidiary of Compass Diversified (NYSE: CODI) and leading global manufacturer of high-performance magnets, magnetic assemblies, precision thin metals and highly loaded composites today announced that it has acquired Ramco Electric Motors, Inc. (“Ramco”), manufacturer of stators, rotors, and full electric motors. Financial terms of the transaction were not disclosed.
This transaction further advances Arnold’s strategic priorities to deliver new materials and engineered solutions that empower customers to develop next generation technologies. By acquiring Ramco, Arnold expands an already diverse product offering with industry leading electric motor solutions capabilities. In addition, Ramco brings
WESTPORT, Conn., March 01, 2021 (GLOBE NEWSWIRE) Compass Diversified (NYSE: CODI) (“CODI”), a Delaware statutory trust and the sole owner of 100% of the trust interests in Compass Group Diversified Holdings, LLC (the “Company”), and the Company announced today that the Company intends, subject to market and other conditions, to commence an offering of $750 million of senior unsecured notes due 2029 (the “Notes”) in a private offering. The Company intends to use the net proceeds of the Notes offering, together with borrowings from a refinancing transaction concurrent with the Notes offering, to repay debt under the Company’s existing credit facilities and to redeem the Company’s 8.000% Senior Notes due 2026. The offering of the Notes is not conditioned upon the consummation of the Company’s concurrent refinancing transaction. The Notes will be the Company’s senior unsecured obligations and will not be guaranteed by
Compass Diversified Holdings (CODI) Q4 2020 Earnings Call Transcript
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