August Rüggeberg GmbH & Co. KG, doing business as Pferd, has acquired Superior Abrasives, Inc. terms of the transaction were not disclosed.
EdgePoint Capital initiated the transaction, led the negotiations, and served as the exclusive financial advisor to Superior Abrasives.
Founded in 1961, Superior Abrasives converts bulk abrasive products into specialty abrasive tools and products for use in manufacturing industries. The Company is located in Dayton, Ohio.
Located in Germany, August Rüggeberg GmbH & Co. KG is a leading manufacturer of grinding, cutting, and surface finishing tools internationally. The Company specializes in abrasive products for industrial manufacturers. The Company sells its products under the PFERD brand name, and was founded in 1799.
EdgePoint is a leading investment banking firm focused on providing lower and middle market business owners with merger and acquisition advisory services.