Strategic Partnership to Vertically Integrate
and Further Strengthen the Company's Portfolio of Critical
Fastening Solutions
HOUSTON, July 8, 2024
/PRNewswire/ -- Lamons®, a global leader in precision
safety sealing and attachment solutions, today announced it has
acquired Auge Industrial Fasteners ("AUGE"), a premier North
American manufacturer of highly-engineered and critical fastening
solutions. Financial terms of the transaction were not
disclosed.
Lamons delivers a wide range of premium sealing, attachment, and
fluid transfer solutions that enable the safe and reliable
operation of mission-critical industrial process infrastructure.
With primary operations in Lerma,
Mexico, AUGE has a 50-year operating history and track
record as a versatile manufacturer and trusted, certified supplier
of global fastening solutions. First Reserve acquired Lamons in
2019 from the Specialty Products segment of TriMas Corporation in a
carve-out transaction.
Lamons' strategic partnership with AUGE represents a significant
milestone in its commitment to further strengthen and vertically
integrate its operations and supply chain capabilities. The
addition of AUGE to the Lamons platform is expected to enhance the
company's ability to meet growing market demands from its broad
base of blue-chip customers worldwide with a best-in-class service
delivery model across a more regionally-focused and dynamic global
supply chain.
"We are excited to partner with AUGE to expand our global
footprint and continue to vertically integrate and optimize our
manufacturing capabilities," said Marc
Roberts, Lamons CEO. "Together, Lamons and AUGE will reshape
the industry landscape for critical sealing and attachment
solutions to solve the challenges our customers face today while
anticipating their future needs. We look forward to building on our
track record of forward-thinking industry leadership through the
addition of a highly complementary team, premier offerings, and
global resources."
"This partnership with Lamons represents an important step
forward for AUGE and a new chapter of growth," said Jorge Goudet, AUGE CEO. "By combining our
strengths, we will be expanding our services, reach, and enhancing
innovation for the industries of tomorrow."
"We are pleased to build on our successful partnership with Marc
and the Lamons team to execute on a shared vision to establish the
preferred supplier in the industry for highly-engineered and
mission-critical sealing and attachment solutions," said
Neil Wizel, Managing Partner at
First Reserve. "Leveraging AUGE's world-class manufacturing
capabilities and strategically located operations across
North America will further onshore
and strengthen Lamons' supply chain, positioning the company to
consistently deliver the best service and highest quality products
to its customers."
Seale & Associates served as the exclusive investment
banking advisor to AUGE on the transaction.
About Lamons
Lamons is one of the leading gasket,
fastener, and hose assembly manufacturers in the world. For 75
years, our mission has been to provide industry-leading safety
sealing and attachment solutions through our quality, engineered
products, technical know-how, and exceptional support, training,
and services. We are still doing that today with 20 branches across
the globe. We stand ready to support your operations 24/7/365.
Let's build the future together. To learn more, visit
Lamons.com.
About AUGE
Established in 1965, AUGE has been
recognized as a world-class manufacturer of highly-engineered
fastener solutions for critical energy and industrial markets. Our
passion for excellence has driven us to become a global supplier
for traditional and renewable energy, chemical, construction, and
original equipment manufacturers (OEMs). Please visit www.auge.com
for more information.
About First Reserve
First Reserve is a leading global
private equity firm investing across energy, utility, and
industrial markets. Founded in 1983, First Reserve has more than 40
years of industry insight and has cultivated a differentiated
network of relationships and portfolio exposure. Since inception,
First Reserve has raised over $34
billion of aggregate capital and has developed operational
expertise built from over 750 transactions, including platform
investments and add-on acquisitions. Please visit
www.firstreserve.com for further information.
Contacts
For Lamons:
Megan Decker
Director of Marketing & Communications
713-982-5600
Megan.decker@lamons.com
For First Reserve:
Erik Carlson / Madeline Jones
Joele Frank, Wilkinson Brimmer
Katcher
212-355-4449
FirstReserve-JF@joelefrank.com
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SOURCE Lamons