DEAL IN BRIEF
FAS Controls, Inc., a manufacturer of pressure switches, valves, circuit breakers, mechanical switches, coils and solenoids, has acquired the lighting and heavy-duty electromechanical flasher business of Honeywell International, Inc., a diversified technology and manufacturing company. Both the companies are based in the US.
The acquired business is engaged in the manufacturing of halogen lights, custom-designed lamps, high intensity discharge (HID) lamps and flashers for original equipment manufacturers and aftermarket distributors of sports vehicles, construction and agricultural equipment, utility vehicles, and lawn and garden equipment.
Deal Type: Asset Transaction
Deal Status: Completed
Completed date: 11/1/2011
Announced date: 11/1/2011
Acquirer - Company: FAS Controls Inc.
Vendor - Company: Honeywell International Inc.
Deal Rationale: The acquisition will expand FAS Controls' product portfolio and leverage its manufacturing and assembly expertise.
Deal Rationale Type: Business expansion
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