Downer & Company Completes Material Handling Transaction
Downer & Company, LLC has announced the sale of Interlake Material Handling, Inc to United Fixtures Company. Downer & Company is an international investment and banking firm that specializes in middle-market cross-border acquisitions. The total value of the transaction was estimated at $44.1 million. This is the fifth recent deal clinched by Downer & Company in the material handling and logistics industry.
Interlake Material Handling, Inc. is the leading manufacturer of industrial racking for distribution and warehouse applications in North America. The alliance of Interlake and United Fixtures Company is all set to dominate the North American racking industry. The InterlockTM racking system brought by Interlake uses bolts instead of welded connection points. This system is widely accepted in Europe and in other parts of the world.
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Educating buyers as to the merits of the bolted racking system was a critical element in the successful completion of this transaction and Downer & Company’s knowledge of the material handling industry in both the U.S. and in Europe was important to this endeavor.
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