CASE STUDY: PROCON
Case Study: Beijer Ref
Standex Sold Procon
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.
"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.