PE-backed Nelson Global Products buys CTP from Tube Processing

Nelson Global Products, which is backed by Wind Point Partners, has acquired Tube Processing Corporation's Commercial Tube Processing division.

Nelson Global Products, which is backed by Wind Point Partners, has acquired Tube Processing Corporation’s Commercial Tube Processing division. No financial terms were disclosed. CTP is a maker of high-performance tube assemblies, metal fabrications and precision weldments.

PRESS RELEASE

Indianapolis, IN – Tube Processing Corporation announced today the sale of its Commercial Tube Processing Division (CTP) to Nelson Global Products, a portfolio company of Wind Point Partners.

Established in 1974, CTP is a manufacturer of complex, high-performance tube assemblies, metal fabrications, and precision weldments for OEMs in a diverse set of end markets including on-highway, off-highway, construction and military durable equipment.

Tube Processing Corporation has been successfully run by George Seybert and his family since 1939. The business has grown by offering superior engineering solutions, world-class customer service, and continued commitment to its employees and customers. CTP’s new state-of-the-art facility located on Fortune CircleWest in Indianapolis is a testament to the Seybert family’s vision of continued growth.

Katherine Seybert Jacobsen, President and CEO of Tube Processing Corporation, commented, “Our family is proud of the outstanding company that CTP has become. We know that Nelson Global Products shares in our values and will provide additional opportunities for CTP’s employees, suppliers and customers.”

Ms. Jacobsen will remain President of Tube Processing Corporation and Aerofab, its aerospace division. Aerofab is a vertically integrated tier-one supplier of complex sheet metal fabrications and precision machined components for the aerospace and energy markets. Ms. Jacobsen and the entire Seybert family look forward to growing Aerofab and continuing Tube Processing’s legacy.

Citizens M&A Advisory served as TPC’s financial advisor and Ice Miller LLP served as its legal counsel in this transaction.