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| TRANSACTION DETAILS |
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Client: |
Nor-Lake, Inc. |
| Transaction: |
Sale to Standex International Corporation (NYSE:SXI) |
| Industry: |
Manufacturing - Food Equipment Food - Equipment
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| Service: |
Sell-Side Advisory |
| Owner: |
Privately Held |
| Details: |
Nor-Lake, Inc. was sold to Standex International Corporation (NYSE:SXI), a diversified manufacturing company with operations in five product segments: Food Service Equipment Group, Air Distribution Products Group, Engineered Products Group, Engraving Group and Hydraulics Products Group. Nor-Lake is a leading designer and manufacturer of commercial refrigeration equipment, ranking among the nation's largest suppliers of walk-in coolers and freezers to the foodservice and scientific industries. With the acquisition of Nor-Lake, Standex's Food Service Equipment Group became the leading supplier of commercial walk-in coolers and freezers in the United States.
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Testimonial: |
"George K. Baum organized and effectively managed a strong competitive sale process for Nor-Lake and was instrumental in delivering a valuation that exceeded our expectations."
DuWayne Bakke
President, CEO and ShareholderNor-Lake, Inc.
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Case Study:
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Nor-Lake, Inc.
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