en.Wedoany.com Reported - UK-based Rosebank Industries has acquired MW Components, a manufacturer of fasteners, springs, and metal components, for approximately $950 million, the former owner disclosed the transaction value on Thursday. Headquartered in Charlotte, MW Components provides engineered and mission-critical components serving industrial end markets including electronics, semiconductors, energy, aerospace and defense, medical, and agriculture.

Earlier this year, Rosebank disclosed an agreement to acquire MW Components and CPM, another food processing equipment supplier, from New York-based private equity firm American Securities LLC. Rosebank stated at the time that these companies fit its "buy, improve, sell" model and that it aimed to increase operating margins by 6 to 7 percentage points through "restructuring, simplification, and operational initiatives."

American Securities officials noted that since its investment in 2017, MW Components has completed nine bolt-on acquisitions. During this period, the company also overhauled its digital and e-commerce capabilities, including the launch of a proprietary rapid-quote software platform.

"We are proud of the growth MW Components achieved during our partnership," said Michael Fisch, Founder and CEO of American Securities, in a statement. "Working closely with Tom Amato and the broader management team, the company solidified its leadership position, expanded into strategic end markets, and built differentiated operational and commercial capabilities, laying the foundation for continued success in its next chapter with Rosebank."

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