Nelson Global Products, a portfolio investment of U.S. private equity firm Wind Point Partners, has acquired GT Exhaust Inc and Silex Innovations Inc from parent company IAC Group. No financial terms were disclosed. Based in Mississauga, Ontario, Silex provides a complete line of standard and customized exhaust products. They include industrial silencers, emission control products, insulation blankets, connectors, expansion bellows and exhaust accessories. U.S.-based Nelson has been backed by Wind Point since 2010.
PRESS RELEASE
Nelson Global Products Announces Acquisition of GT Exhaust, Inc. and Silex Innovations, Inc.
STOUGHTON, Wis., Dec. 23, 2015 /PRNewswire/ — Nelson Global Products Inc., a global leader in the design and manufacture of tubular and exhaust products for commercial vehicle markets, has acquired the assets of GT Exhaust, Inc. and Silex Innovations, Inc. as of December 18, 2015. GT Exhaust and Silex Innovations were owned by parent company IAC.
The acquisition of the assets is effective immediately and the transition is expected to be complete by January 1, 2016. The GT Exhaust and Silex products and brands will now be part of Nelson Global Products product family and will be manufactured in Nelson’s facility in Arcadia, Wisconsin. Nelson Global Products is a portfolio company of Wind Point Partners, a private equity firm headquartered in Chicago, IL. Terms of the acquisition were not disclosed.
“This acquisition is a very exciting opportunity for us and is an excellent fit for our company,” said Kevin Stokstad, General Manager at Nelson. “The GT and Silex brand names and product offering will further strengthen Nelson’s position as the market leader and our commitment to the Industrial, Off Highway, and On Highway markets for acoustic products.”
About Nelson Global Products Inc.
With a 60+ years of rich engineering and manufacturing history, Nelson Global Products designs, manufactures, and markets a broad range of high performance exhaust and tubular products for OEM and aftermarket use for the global on-highway and off-highway markets. These products include mufflers and silencers; exhaust tube assemblies; EGR and Thermal Management Tubing (TMT) for emissions systems; pressurized tube assemblies for air, hydraulic and lubrication; and structural assemblies. The company’s operations include corporate offices in Stoughton, WI and manufacturing operations in Clinton, TN; Fort Wayne, IN; Peoria, IL; Arcadia, Black River Falls and Viroqua, Wisconsin; and international operations in Monterrey, Mexico; Scoresby, Australia; Pune, India; and Changzhou, China.
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