Cleveland, OH – CapitalWorks LLC, a lower middle market private equity firm, announced today the sale of its portfolio company, Magna-Tech Manufacturing, to Henkel Corporation. Magna-Tech Manufacturing is the North American market leader in vacuum impregnation services, with a focus on process center capabilities. Magna-Tech will function as a subsidiary of Henkel Corporation, operating as part of its Adhesive Technologies business.
“I look forward to a joint working relationship with Henkel and the opportunities that will result from this combined business environment,” said Rob Swords, CEO of Magna-Tech.
CapitalWorks acquired Magna-Tech in 2012. The firm supported a number of strategic investments including the recent acquisition of Casting Impregnators and the launch of an operation in Mexico.… Read this article