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Dover to Acquire Cloeren, a Leading Manufacturer of T-dies and Feedblocks

  • Dover Corporation (NYSE: DOV) signed a definitive agreement to acquire Cloeren Incorporated.
  • Cloeren will join the MAAG business unit within Dover's Pumps & Process Solutions segment upon deal closing.
  • Cloeren is a global leader in high-performance, custom-designed extrusion T-dies & feedblocks for polymer & plastics applications.
  • Cloeren is headquartered in Orange, TX, with additional manufacturing locations in Marshall, TX; Eau Claire, WI; & Micheldorf, Austria.
  • The acquisition adds complementary extrusion technologies to MAAG's portfolio to broaden solutions for polymer processing customers.
  • Ueli Thuerig, President of MAAG, stated Cloeren is a strong strategic fit that enhances engineering expertise for mission-critical equipment.
  • The transaction is expected to close in the third quarter following customary closing conditions.
  • Specific financial terms of the transaction were not disclosed.
  • Dover is a diversified global manufacturer with over $8 billion in annual revenue, approximately 24,000 employees, and headquarters in Downers Grove, Illinois.