IMT is a bolt-on acquisition
aligned with our long-held acquisition strategy and allows us to expand the products and services offered to the types of markets we understand very well.
Nonetheless, GeoTrust is a solid bolt-on acquisition
that strengthens VRSN's security business.
This growth oriented bolt-on acquisition
strengthens our ATI Metalworking Products business unit," said Pat Hassey, Chairman, President and Chief Executive Officer of Allegheny Technologies.
Robert Arzbaecher, President and Chief Executive Officer of Actuant, commented, "Kwikee is a logical bolt-on acquisition
given its leading market position in step actuation for the motor home market.
This bolt-on acquisition
strengthens our presence in the market for agricultural and oilfield chemical surfactants while broadening our product line for the cleaning, personal care and other industrial markets.
Wolseley, the plumbing and heating products distributor whose UK headquarters is in Warwick, has said it is on target to spend pounds 200 million on bolt-on acquisitions
in the current financial year.
I don't hear it much in general business discussion, but if you get around an 'i-banker' they all talk about bolt-on acquisitions
These have allowed the company to maintain a strong balance sheet and a solid liquidity position, despite increased share repurchases, discretionary pension contributions and small bolt-on acquisitions
While a sizable debt-financed acquisition could have an impact on ratings, bolt-on acquisitions
are anticipated, those that would be funded with internally generated funds.
Alternatively, cash may be used for bolt-on acquisitions
to improve Lubrizol's business portfolio, particularly in the Specialty Chemicals segment.
Vulcan's extensive geographic footprint across higher growth regions of the United States provides continuing opportunities for bolt-on acquisitions
that extend our markets.
These bolt-on acquisitions
are an excellent fit with Tate & Lyle's stated growth strategy" said Iain Ferguson, Tate & Lyle's Chief Executive.