The Watermill Group, a strategy-driven private investment firm, announced the sale of Global Tubes to AMETEK, a global manufacturer of electronic instruments and electro-mechanical devices, for approximately USD 200M. With annual sales of approximately USD 120M, Global Tubes is a leading manufacturer of highly specialized precision 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 serving the aerospace, energy, power generation and medical markets.
Photo courtesy of Watermill
At the time Watermill acquired the businesses in 2012, Fine Tubes and Superior Tube Company were operated independently by a family holding company. Since uniting the two companies under the Global Tubes name, Watermill and management overhauled both production facilities in order to streamline manufacturing operations, increased production capacity, upgraded equipment, and decreased product lead times to provide enhanced value to customers. As part of a Watermill-led strategic planning process, the firm also re-focused on the needs of key customer and market segments, with a corresponding strengthening of capabilities and engineering resources.
Global Tubes joins AMETEK as part of its Electromechanical Group (EMG) – a differentiated supplier of electrical interconnects, precision motion control solutions, specialty metals, thermal management systems and floor care and specialty motors.
