CARCO S.R.L. has acquired Polymer Concept Technologies, Inc. for an undisclosed consideration.
Founded in 1900 and headquartered in Milan, Italy, Carco is a leading manufacturer of customized large-diameter sealing solutions for heavy industrial applications. Carco has built a global and growing presence with four locations worldwide. The company produces rubber, metal and thermoplastics sealing solutions for the metal forming, marine, hydropower, windpower and tunnel boring industries.
“Western Reserve’s team provided an incredible amount of insight and assistance throughout this process. The team was helpful, responsive and ensured that we achieved the desired result. I’m looking forward to getting the next one done with them,” said Andrea Chalp, President of Carco.
Headquartered in Apple Valley, California, PCTI is an industry leading designer and manufacturer of polymer seals for the aerospace, industrial and defense markets. PCTI’s polymer seals are utilized in applications which operate under extreme temperature and friction conditions and require enhanced performance compared to conventional elastomeric sealing solutions. With over 20 years of experience, PCTI maintains a nationally recognized standard for quality, earning the company AS 9100C and ISO 9001:2008 certifications.
Oaklins' team in Cleveland provided Carco with a customized buy-side process, including building a pipeline of candidates, engaging prospects, valuing the businesses, conducting due diligence, negotiations and closing. The acquisition of PCTI represents Carco’s first manufacturing location in the USA.
Adrea Chalp, President of Carco, said: “The team provided an incredible amount of insight and assistance throughout this process. They were helpful, responsive and ensured that we achieved the desired result. I’m looking forward to getting the next one done with them.”
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