Arclin

Curapath Appoints Philippe Clavel as Chief Executive Officer

Retrieved on: 
Wednesday, December 13, 2023

VALENCIA, Spain and BOSTON, Dec. 13, 2023 /PRNewswire/ -- Curapath, a developer, manufacturer, and formulator of lipid- and polymer-based nanoparticles used in advanced therapeutic delivery technology, today announced the appointment of Philippe Clavel as Chief Executive Officer.

Key Points: 
  • VALENCIA, Spain and BOSTON, Dec. 13, 2023 /PRNewswire/ -- Curapath, a developer, manufacturer, and formulator of lipid- and polymer-based nanoparticles used in advanced therapeutic delivery technology, today announced the appointment of Philippe Clavel as Chief Executive Officer.
  • Philippe has previously held leadership positions in the pharmaceutical and biotechnology industries.
  • Philippe said, "I am thrilled to join Curapath and partner with innovators to improve the efficacy and safety profiles of nanoparticle delivery systems for novel therapeutics.
  • I look forward to working with the exceptional Curapath team to enable customers to bring urgently needed treatments to patients across multiple disease areas."

Signia Aerospace Acquires Meeker Aviation and Airfilm Camera Systems

Retrieved on: 
Monday, November 6, 2023

GEORGETOWN, Calif., Nov. 6, 2023 /PRNewswire/ -- Signia Aerospace, a portfolio company of Arcline Investment Management ("Arcline"), today announced the acquisition of Meeker Aviation and Airfilm Camera Systems ("Meeker Aviation").

Key Points: 
  • GEORGETOWN, Calif., Nov. 6, 2023 /PRNewswire/ -- Signia Aerospace, a portfolio company of Arcline Investment Management ("Arcline"), today announced the acquisition of Meeker Aviation and Airfilm Camera Systems ("Meeker Aviation").
  • Based in California, Meeker Aviation is a leading international supplier of aircraft external payload mounts for Electro-Optical and Infrared (EO/IR) sensors, Light Detection and Ranging (LiDAR) laser scanners, searchlights, camera systems, and speaker systems.
  • "Meeker Aviation's position as a leading designer and manufacturer of highly engineered mounts used in critical aerospace missions makes it an excellent addition to the Signia Aerospace portfolio," said Norman Jordan, Chief Executive Officer of Signia Aerospace.
  • Cory VanBuskirk, President of Signia Mission Systems, added, "Meeker Aviation's stellar reputation in the industry for both product quality and dedication to customer service are a perfect fit for Signia Mission Systems."

Fairbanks Morse Defense Expands Product Portfolio With American Fan Acquisition

Retrieved on: 
Monday, October 30, 2023

Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), has acquired American Fan , a leader in axial and centrifugal fan technology .

Key Points: 
  • Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), has acquired American Fan , a leader in axial and centrifugal fan technology .
  • “Now more than ever, Fairbanks Morse Defense remains committed to expanding our growing array of OEM equipment to ensure that our fleet is always mission-ready,” said George Whittier, FMD CEO.
  • They are utilized in a broad range of onboard air-moving applications , from compartment ventilation to gas turbine air supply .
  • “American Fan and Fairbanks Morse Defense customers rely on us to deliver quality, speed, and expertise, and we have a shared commitment to exceeding these expectations for every customer engagement,” said American Fan General Manager Paul Brown.

Memphis District Army Corps of Engineers Awards Fairbanks Morse Defense $31 Million Contract to Refurbish W.G. Huxtable Pumping Station Engines

Retrieved on: 
Tuesday, October 17, 2023

Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), has received a $31 million contract from the Memphis District Army Corps of Engineers to refurbish the 10 opposed piston 38D 8 1/8 engines powering the water pumps at the W.G.

Key Points: 
  • Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), has received a $31 million contract from the Memphis District Army Corps of Engineers to refurbish the 10 opposed piston 38D 8 1/8 engines powering the water pumps at the W.G.
  • Huxtable Pumping Station was constructed in 1977 with 10 water pumps powered by 10 Fairbanks Morse Defense engines , and it remains one of the largest stormwater pumping stations in the world.
  • The effort to refurbish the pumping station engines is supported by funding received by the Memphis District from the 2021 Bipartisan Infrastructure Law.
  • The project is being conducted through a partnership between the Memphis District and the St. Francis Levee District of Arkansas.

Arclin Acquires Belle Chemical Company

Retrieved on: 
Wednesday, September 27, 2023

ATLANTA, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Arclin, a chemistry-based manufacturer of polymer technologies and engineered products for numerous industrial applications including building products, agriculture, transportation infrastructure, weather & fire protection and other industries, announced today that it has completed the purchase of Belle Chemical Company, a leading producer of methylamines and derivatives located in Belle, WV.

Key Points: 
  • ATLANTA, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Arclin, a chemistry-based manufacturer of polymer technologies and engineered products for numerous industrial applications including building products, agriculture, transportation infrastructure, weather & fire protection and other industries, announced today that it has completed the purchase of Belle Chemical Company, a leading producer of methylamines and derivatives located in Belle, WV.
  • “The addition of the Belle Chemical business, which is operated by a great team in West Virginia, is an exciting opportunity for Arclin,” said Bradley Bolduc, President & CEO of Arclin.
  • The addition of the Belle Chemical business will provide further diversification into water treatment, health care, pharmaceuticals, agriculture, oil & gas, and electronics, all areas we are excited about in the future.”
    “The sale of the Belle Chemical Company to Arclin was a logical next step for the business as Belle Chemical Company transitions to a growth company,” said Belle Chemical Company Plant Manager Alicha Hunt.
  • Transition efforts are well underway and Arclin anticipates a smooth transition for existing Belle Chemical Company customers.

Fairbanks Morse Defense Teams with Massa Products Corporation and Industrias Ferri S.A. to Expand Product, Service Capabilities

Retrieved on: 
Tuesday, September 26, 2023

Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), is expanding its product and service capabilities through agreements with Massa Products Corporation (Massa) and Industrias Ferri S.A. (Ferri).

Key Points: 
  • Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), is expanding its product and service capabilities through agreements with Massa Products Corporation (Massa) and Industrias Ferri S.A. (Ferri).
  • Through its exclusive North American maritime defense agreement with Massa, a longstanding leader in cutting-edge design and manufacturing of sonar and ultrasonic products, Fairbanks Morse Defense expands its service capabilities with sonar transducer systems, cables, and connectors.
  • “Massa Products Corporation is excited to collaborate with FMD,” said Dawn F. Massa Stancavish, President/CEO & CINO, Massa Products Corporation.
  • In addition to providing support for turnkey service solutions for Fairbanks Morse Defense customers, Massa and Ferri will have access to FMD’s global network of highly trained field service technicians and the defense contractor’s strategically located service centers.

CoreDux Group Acquires Pyramid Precision Machine, Inc.

Retrieved on: 
Thursday, September 7, 2023

SAN DIEGO, Sept. 7, 2023 /PRNewswire/ -- CoreDux, a leading designer and manufacturer of flexible gas and flow control components and artery systems and a portfolio company of Arcline Investment Management ("Arcline"), today announced the acquisition of Pyramid Precision Machine, Inc. ("Pyramid") from founder Bob Taylor.

Key Points: 
  • SAN DIEGO, Sept. 7, 2023 /PRNewswire/ -- CoreDux, a leading designer and manufacturer of flexible gas and flow control components and artery systems and a portfolio company of Arcline Investment Management ("Arcline"), today announced the acquisition of Pyramid Precision Machine, Inc. ("Pyramid") from founder Bob Taylor.
  • "We'd like to thank founder Bob Taylor for entrusting CoreDux to support Pyramid through its next phase of growth.
  • "Pyramid brings a fantastic team, an excellent US manufacturing footprint, and precision machining capability to the CoreDux family of businesses.
  • We look forward to the next chapter of growth alongside the CoreDux family of businesses," said Walter Gieffels, Chief Operations Officer of Pyramid.

Fairbanks Morse Defense Teams with Marand for Global Expansion

Retrieved on: 
Tuesday, July 25, 2023

Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), is teaming with Marand Precision Engineering (Marand) to expand its best-in-class marine technologies , OEM products, and service solutions to marine defense customers in Australia.

Key Points: 
  • Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), is teaming with Marand Precision Engineering (Marand) to expand its best-in-class marine technologies , OEM products, and service solutions to marine defense customers in Australia.
  • Under the terms of the long-term agreement with FMD, Marand will manufacture and service components, as well as provide integrated solutions for FMD’s global customer base.
  • “Our collaboration with Marand positions us to support the sale, design and manufacture of specialized components for the Royal Australian Navy’s future programs while also giving Marand access to our highly trained field service technicians and service centers ,” said FMD CEO George Whittier.
  • “We’re looking forward to working with Fairbanks Morse Defense and expanding our ability to serve customers globally.”
    Based in Victoria, Australia, Marand has established itself as a global provider of precision-engineered solutions for the defense industry.

CIRCOR International Enters into Amended Definitive Merger Agreement with KKR at $56.00 Per Share in Cash

Retrieved on: 
Thursday, June 29, 2023

Under the terms of the Amended Agreement, in addition to receiving $56.00 per share, CIRCOR stockholders will, subject to certain conditions, receive additional cash consideration from KKR if the transaction has not closed by October 31, 2023.

Key Points: 
  • Under the terms of the Amended Agreement, in addition to receiving $56.00 per share, CIRCOR stockholders will, subject to certain conditions, receive additional cash consideration from KKR if the transaction has not closed by October 31, 2023.
  • CIRCOR’s Board of Directors (the “Board”) received the Amended Agreement from KKR on June 29, 2023, following receipt of an unsolicited, binding acquisition proposal from Arcline Investment Management LP (“Arcline”) to acquire CIRCOR for $57.00 in cash.
  • KKR’s Amended Agreement also offers greater financing certainty and a clearer and faster path to receiving anticipated antitrust approvals.
  • With the additional value, anticipated timely closing and a clear and direct regulatory path, the KKR agreement achieves that commitment.”
    The Board unanimously supports the Amended Agreement with KKR and recommends that stockholders vote in favor of the amended KKR transaction.

KKR Reaffirms Intention to Acquire CIRCOR International

Retrieved on: 
Wednesday, June 28, 2023

KKR, a leading global investment firm, today reaffirmed its affiliates’ (such affiliates referred to herein as “KKR”) intention to acquire CIRCOR International (“CIRCOR” or the “Company”) and issued the following statement:

Key Points: 
  • KKR, a leading global investment firm, today reaffirmed its affiliates’ (such affiliates referred to herein as “KKR”) intention to acquire CIRCOR International (“CIRCOR” or the “Company”) and issued the following statement:
    KKR is confident that its transaction to acquire CIRCOR maximizes shareholder value while minimizing regulatory, market, and industry risks.
  • KKR and CIRCOR submitted their Hart-Scott-Rodino filings on June 20, 2023, and all other regulatory filings have been moving forward smoothly.
  • KKR has a long history of making successful investments in the industrial and aerospace and defense sectors globally.
  • In today’s high interest rate environment, these timing delays would cost CIRCOR shareholders tens of millions of dollars in value.