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UTEX Industries, Inc. completes acquisition of the assets of the Rubber Division of Teescraft Engineering Ltd. to expand in the EMEA market

May 14, 2024•over 1 year ago

Acquiring Company

UTEX Industries

Acquired Company

Rubber Division of Teescraft Engineering Ltd

HoustonAshingtonOil And GasManufacturingManufacturing

Description

UTEX Industries, Inc. has completed the acquisition of the assets of the Rubber Division of Teescraft Engineering Ltd., based in Ashington, United Kingdom. The acquisition aims to expand UTEX Europe's manufacturing capacity and range of products to better serve customers in the Europe, the Middle East and Africa (EMEA) market, and reinforces UTEX’s commitment to serving its customers.

Company Information

Company

UTEX Industries

Location

Houston, Texas, United States

About

UTEX Industries, Inc. is a market-leading manufacturing business, headquartered in Houston, Texas. The company operates multiple manufacturing, distribution, and technical sales facilities in the United States and abroad with approximately 500 employees. UTEX's innovative, custom-engineered products support a diverse customer base including oil and gas, industrial, mining, and water works markets.

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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