DONALDSON Co INC acquired Hy-Pro Corporation for $21.9 million total consideration (after a working-capital adjustment), a transaction completed in May 2017, structured as all cash.
Hy-Pro Corporation operates in Industrial Solutions, is based in Manufacturing in Anderson, Indiana and Vancouver, Washington (United States). Hy-Pro designs and manufactures filtration systems and replacement filters for stationary hydraulic and industrial lubrication applications, with manufacturing locations in Anderson, Indiana and Vancouver, Washington.
Expands Donaldson's industrial liquid filtration product line for stationary hydraulic and lubrication applications.
Industrial Products / Industrial Solutions segment
On May 1, 2017, the Company acquired 100% of the shares of Hy-Pro Corporation (Hy-Pro). Hy-Pro designs and manufactures filtration systems and replacement filters for stationary hydraulic and industrial lubrication applications. Total consideration for the transaction was $21.9 million after recording a working capital adjustment in accordance with the purchase agreement.Donaldson FY2018 10-K, Note 2 Acquisitions
Advisory firms were not disclosed for this transaction.