Crest Group adds Dukane
Adds a manufacturer with operations in the U.S., Europe, and Asia and more than 3,500 customers to Crest's ultrasonic cleaning and welding platform.
The Crest Group, a global industrial technology manufacturer backed by Stellex Capital Management, has acquired Dukane, a manufacturer of advanced ultrasonic solutions and plastic joining technologies. Headquartered in St. Charles, Illinois, Dukane designs and produces highly engineered, automation-enabling plastic bonding and cutting solutions for mission-critical manufacturing applications across the medical, nonwoven, transportation, food processing, packaging, electronics, and general industrial sectors.
The acquisition adds new end markets and complementary plastic joining and ultrasonic capabilities to Crest's existing ultrasonic cleaning and welding equipment for medical, electronics, aerospace, automotive, industrial, consumer, and precision manufacturing markets. "Dukane has built a strong business," said Ray Whiteman, co-founder and Managing Partner at Stellex.
Stout served as financial advisor and Paul Hastings served as legal counsel to Dukane; Morrison & Foerster LLP served as legal counsel to Crest.
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