Fredericks Michael & Co. acted as exclusive financial advisor to Treston Group, a world-leading manufacturer and supplier of ergonomic workstation solutions for a wide range of demanding industral and technical applications, on its acquisition of the business assets of IAC Industries, a manufacturer of high-quality premium workbenches, workstations, and laboratory furniture in the United States and internationally.
This strategic acquisition underscores Treston's unwavering commitment to foster growth and expand its presence in the North American markets. With the acquisition. Treston's American customers will benefit from an expanded portfolio of products and services, enhanced local support, and local manufacturing capabilities.
“With the acquisition, we are looking to accelerate growth in the North American market. Our turnover in America will increase with the purchase, but even more significant is the opportunity to establish manufacturing capacity for Treston products in the United States, thus addressing the increasing needs for speedy delivery from American customers." says Esa Siljander, CEO of Treston.
FM&Co. advised Treston on a multi-step engagement process which included development and execution of a strategic search and screen process for US-based workstation manufacturers. IAC was identified as an acquisition target and FM&Co. provided acquisition advice including valuation, transaction structuring, management of commercial, financial and legal due diligence, as well as recommendation on negotiating strategies and tactics through closing of the transaction.
Founded in 1969 in Finland, Treston is today one of the world's leading manufacturers and suppliers of ergonomic workstation solutions for a wide range of demanding industrial and technical setups. Over 15,000 customers worldwide trust Treston who serves big and small customers in basically any industry, from high tech electronics to heavy industry, from logistics sector to luxury workshops, as well as educational and public sector. Treston is privately owned. For more information, visit www.treston.com