# Aimia's Tufropes subsidiary acquires Cortland Industrial for $26.6M

Aimia Inc.'s subsidiary Tufropes has acquired Cortland Industrial, LLC from Enerpac Tool Group Corp. for $26.6 million. Cortland is a designer and manufacturer of synthetic ropes, slings and tethers for aerospace, defense, marine and renewables markets.

- Type: Acquisition
- Announced: 2023-07-11
- Where: Anacortes, WA; Houston, TX, United States
- Value: $26.6M
- Status: completed
- Products: synthetic ropes, slings, tethers
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Aimia](https://endata.com/companies/10196.md) (acquirer)
- [Tufropes](https://endata.com/companies/10197.md) (acquirer)
- [Cortland Industrial](https://endata.com/companies/71376.md) (target)
- [Enerpac Tool Group Corp.](https://endata.com/companies/71377.md) (partner)

## Sources

- [newswire.ca](https://www.newswire.ca/fr/news-releases/aimia-s-tufropes-subsidiary-to-acquire-cortland-industrial-for-26-6-million-830167717.html), 2023-07-11: "We are excited to add a brand with more than 40 years of innovative design and highly engineered products to the Tufropes family."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.