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Dover to Acquire Cloeren, a Leading Manufacturer of T-dies and Feedblocks
Dover (NYSE:DOV) signed a definitive agreement to acquire Cloeren, a global manufacturer of high-performance, custom extrusion T-dies and feedblocks mainly for polymer and plastics applications. Following closing, Cloeren will be integrated into the MAAG business unit within Dover’s Pumps & Process Solutions segment.According to Dover, Cloeren brings advanced extrusion technologies, strong technical capabilities, and a blue-chip customer base, with headquarters in Orange, Texas, and additional manufacturing in Marshall, Texas; Eau Claire, Wisconsin; and Micheldorf, Austria. The deal is expected to close in the third quarter, subject to customary closing conditions. Financial terms were not disclosed.
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