William Blair acted as the exclusive financial advisor to Durex International Corporation (Durex) in connection with its pending sale to Spirax-Sarco Engineering plc (Spirax-Sarco). The transaction closed on November 30, 2022.
About the Companies
Founded in 1980 and under continuous private family ownership since, Durex is a leading provider of thermal technologies and solutions to original equipment manufacturers (OEMs) and distributors in the semiconductor, industrial and commercial, and process heat industries. The company offers a comprehensive suite of electric heating systems, temperature sensors, and integrated process systems, backed by deep, vertically integrated process and engineering expertise. Durex is based in Cary, Illinois.
Founded over 130 years ago, Spirax-Sarco (LSE: SPX) is a leading thermal energy management and niche pumping group. The company comprises three specialist engineering businesses: Steam Specialties (Spirax-Sarco and Gestra), for the control and management of industrial steam systems; Electric Thermal Solutions (Chromalox and Thermocoax), for advanced electrical process heating and temperature management solutions; and Watson-Marlow, for the control and management of industrial fluid paths. Spirax-Sarco is based in Cheltenham, United Kingdom, and has offices in more than 70 countries.
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