Rotork Acquires Fairchild Industrial Products Company
Thursday, December 08, 2011
Rotork is pleased to announce the acquisition of Fairchild
Industrial Products Company, a manufacturer of high-precision pneumatic
controls and power transmission products based in North Carolina.
The company was purchased from FIPC Acquisition, LLC a
Delaware limited liability company controlled by Hampshire Equity Partners III,
L.P. for a net consideration of $75.8m payable in cash and financed from
existing reserves. $7.7m of the total sum will be deferred and held in escrow
for two years. More...