Ametek Inc., Berwyn, Pa., has acquired Global Tubes, a leading manufacturer of high-precision, small-diameter metal tubing, for approximately $200 million. Global Tubes manufactures highly customized metal tubing from a wide variety of metals and alloys, including stainless steel, nickel, zirconium, and titanium. Its products are used in highly engineered applications in the aerospace, energy, power generation, and medical markets.
The business has annual sales of approximately $120 million. Global Tubes is comprised of two businesses: Fine Tubes, based in Plymouth, U.K.; and Superior Tube, based in Collegeville, Pa.
“Global Tubes metallurgical capabilities, processing capabilities, and alloy ranges are complementary to our existing Specialty Metals businesses and give us the opportunity to expand our offerings both internationally and in attractive growth markets,” says Frank S. Hermance, Ametek Chairman and Chief Executive Officer.
Global Tubes joins Ametek as part of its Electromechanical Group (EMG) — a differentiated supplier of electrical interconnects, precision motion control solutions, medical components, specialty metals, thermal management systems, and specialty motors.
