TENIBAC-GRAPHION, INC. HAS BEEN ACQUIRED BY STANDEX INTERNATIONAL COPORATION
Birmingham, Michigan – September 12, 2018 – Angle Advisors is pleased to announce that Tenibac-Graphion, Inc. (“Tenibac-Graphion”) has been acquired by Standex International Corporation (“Standex”). Angle Advisors acted as the exclusive investment banking advisor to Tenibac-Graphion in completing this transaction.
Based in Clinton Township, MI, Tenibac-Graphion is a provider of chemical and laser texturing services. Tenibac-Graphion provides mold and tool texturing services, such as laser engraving, chemical etching, repair and maintenance, and prototype parts through the Vycon (TM) process. Founded in 1969 by John A. Gusmano, Tenibac-Graphion operates three facilities including two in Michigan and one in China serving automotive, packaging, medical and consumer products customers. For more information, please visit www.tenibac.com.
“Standex Engraving has been innovating for more than 50 years by expanding our global capabilities and bringing new technologies to our customers,” said Standex Chief Executive Officer David Dunbar. “Tenibac-Graphion’s deep expertise in mold and tool texturizing is complementary to our broad, global portfolio and advances our strategy to enhance the value we deliver to our customers. As a result of this combination, Standex is now better positioned to deliver a broader set of design services, mold texturizing, tool finishing, tool enhancement and prototyping services. We welcome Tenibac-Graphion’s management and team of approximately 160 employees to the Standex family.”
“We look forward to joining forces with a world-class leader like Standex to offer our combined customer base a comprehensive suite of best-in-class texturization and tool finishing services,” said Tenibac-Graphion CEO Jim Deliz. “We believe there is excellent potential to leverage Standex’s broad set of capabilities to grow our customer relationships and promote improved responsiveness and innovation.” He continued, “We would like to thank the team at Angle Advisors. They did an outstanding job of guiding our company through this process and their collective knowledge and transaction expertise proved critical to making this a highly successful transaction for all parties.”
Standex International Corporation is a global, multi-industry manufacturer in five broad business segments: Food Service Equipment, Engraving, Engineering Technologies, Electronics, and Hydraulics. For additional information, visit the Company's website at http://standex.com/.
Angle Advisors, with offices in the United States, Germany, and China, specializes in mergers and acquisitions and capital raising with a particular emphasis on the industrial and vehicular sectors. The firm's professionals have completed 195 transactions since 2009 for multinational corporations, privately-held companies, private equity funds, and public sector clients. For additional information, please visit www.angleadvisors.com.