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CASE STUDY: PROCON

Case Study: Beijer Ref

Standex Sold Procon

Standex Sold Procon

Standex has sold Procon to CEME Group a portfolio company of InvestIndustrial

TARGET

Procon

TRANSACTION TYPE

Corporate Divestiture

INDUSTRIES

Flow Control, Pumps & Valves

TRANSACTION SIZE

US$75M

GEOGRAPHY

Global

SITUATION

Seale was engaged by Standex, a key global multi-industry player in the industrial machinery and supply components industry, with the objective of exploring a range of strategic alternatives for its subsidiary Procon.

OUTCOME

Seale managed a competitive auction process with potential strategic and financial buyers for the Business.

The process resulted in the successful acquisition of Procon by CEME Group, a leading global solenoid pumps, rotary pumps, and solenoid valves manufacturer. The transaction value was US$75M.

We believe CEME Group is well-placed to enable the Procon business to grow and reach its strategic potential.

"Investindustrial’s portfolio of companies includes the CEME Group, which manufactures solenoid pumps, rotary pumps, and solenoid valves in Italy and across the globe. We believe CEME Group is well-placed to enable the Procon business to grow and reach its strategic potential. I would like to thank our Procon colleagues for their contributions to Standex and wish them much success as they start a new chapter for the business."

David Dunbar
CEO and President of Standex

Are you exploring the sale of your company or divesting a non-core business from your portfolio?

Seale & Associates offers trusted advisory services for both private business owners and multinational corporations. Contact us today to learn how we can guide you through the complexities of a sale process and help you to evaluate the full range of strategic alternatives for your business.