Groupe Fives buys MAG Americas

By Bill Bregar
Senior Staff Reporter

Published: March 8, 2013 2:06 pm ET
Updated: March 8, 2013 2:08 pm ET

Related to this story

Topics Mergers & Acquisitions, Machinery

PARIS—Groupe Fives, an industrial engineering company based in Paris, will buy MAG Americas, a global supplier of machining for large composites parts and metal cutting equipment.

MAG Americas makes equipment and machine tools for aerospace, oil and gas, mining, agriculture and off-road vehicles. Its business units include Giddings & Lewis, Cincinnati and Forest-Liné, specializing in composite processing and large metal-cutting, as well as a unit dedicated to aftermarket services. It employs 1,000 people in the United States, France, Canada, China and South Korea.

Fives designs and manufactures process equipment, production lines and aluminum, steel, glass automotive, logistics, cement and energy sectors.

Erlanger, Ky.-based MAG Americas generated $400 million in sales in 2012, 67 percent of from North America.


Comments

Groupe Fives buys MAG Americas

By Bill Bregar
Senior Staff Reporter

Published: March 8, 2013 2:06 pm ET
Updated: March 8, 2013 2:08 pm ET

Post Your Comments


Back to story


More stories

Image

Accella buys IPS Polymer Systems

March 3, 2015 5:26 pm ET

Accella Performance Materials Inc. is acquiring IPS Polymer Systems Inc. to expand the firm's growing polyurethane operation.    More

Image

Coveris sees 'common culture' form after mergers, acquisitions

March 3, 2015 11:37 am ET

Coveris Holdings Corp. is a mega-rollup in packaging, a major international player, said Robert Larson, president of Coveris' Food and Consumer North ...    More

Image

Bayer expands with acquisition of Germany's Thermoplast Composite

March 3, 2015 10:59 am ET

Bayer AG's Bayer MaterialScience LLC has bought composite materials specialist Thermoplast Composite GmbH based near Nuremberg, Germany.    More

Image

Almost half of mid-market firms say they are looking to buy competitors

March 2, 2015 3:52 pm ET

There are steps that plastics business owners can take to keep the mergers and acquisitions parade rolling into 2015.    More

Image

West Coast ports dispute impacts machinery imports

February 27, 2015 5:00 pm ET

Asian machinery companies got caught in the West Coast ports labor dispute — causing some headaches to get equipment ready for NPE 2015.    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events