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Andronaco Industries acquires Diamond Fiberglass Systems and Services to expand its total systems approach in flow control and fluid management

Jun 28, 2024about 1 year ago

Acquiring Company

Andronaco Industries

Acquired Company

Diamond Fiberglass Systems and Services

Grand RapidsVictoriaManufacturingSoftwareManufacturing

Description

Andronaco Industries, a leading provider of corrosion-resistant flow control solutions, has completed the acquisition of Diamond Fiberglass Systems and Services. This acquisition further enhances Andronaco's technical capabilities and diverse portfolio, enabling end-to-end solutions in challenging corrosive environments. The business will be rebranded as Diamond Fiberglass Systems and Services, an Andronaco Industries Company, offering innovative technology in corrosion-resistant vessel and tank fabrication and high-quality field services.

Company Information

Company

Andronaco Industries

Location

Grand Rapids, Michigan, United States

About

Andronaco Industries is a group of global manufacturing companies specializing in innovative engineered products, specialty systems, and value-added services for the pharmaceutical, chemical, steel, wastewater and energy markets. It supports autonomous operating companies focused on meeting the demands of their customers' requirements in ultrapure and industrial fluid management. Andronaco’s companies take pride in exhibiting the highest ethical, moral and legal standards in the conduct of their businesses.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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