Dover Announces Acquisition of Cloeren
Dover (DOV) has agreed to acquire Cloeren, a manufacturer specializing in extrusion T-dies and feedblocks used primarily in polymer and plastics applications. The deal is expected to close during the third quarter after meeting customary closing conditions. However, specific financial terms have not been disclosed at this time. The acquisition aligns with Dover's strategy of expanding its industrial manufacturing capabilities through targeted acquisitions. Cloeren’s expertise complements Dover’s existing portfolio in polymer processing equipment and could enhance market share within specialized extrusion technologies.
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