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Helios Technologies is expanding its Daman Products plant in Mishawaka, Indiana by 50,000 square feet and adding a significant number of employees. The site will become a Center of Excellence for North American manifold operations, with relocation expected by Q3 2023.
Helios Technologies signed a definitive agreement to acquire the assets of Daman Products Company, a Mishawaka, Indiana maker of precision hydraulic manifolds and integrated packages. The purchase price was not disclosed.
Helios Technologies signed a definitive agreement to acquire the assets of Taimi R&D, a Canadian manufacturer of hydraulic swivel components, announced May 9, 2022. Terms were not disclosed and closing is expected in Q3 2022.
Helios Technologies signed a definitive agreement to acquire NEM S.r.l., a hydraulic solutions maker in Emilia Romagna, northern Italy, serving material handling, construction and agricultural markets. Terms were not disclosed and closing is expected in Q3 2021.
Sun Hydraulics, a division of Helios Technologies, opened a 38,750 sq ft plant in Kunshan, Jiangsu Province, China, for assembly and testing. Initial investment was $4 million, expected to grow to $10 million, with 40 employees and a target of 100.
