Graycliff Partners LP announced today that its portfolio company Gerard Daniel Worldwide, a provider of wire mesh and filtration solutions, has completed the acquisition of the Knitted Mesh & Separation division of Rhodius GmbH (“Rhodius KMS”).
Gerard Daniel, based in Hanover, PA, provides wire, wire cloth, and wire cloth components to a global commercial customer base serving a wide range of end markets. Rhodius KMS, based in Weisenburg, Germany, manufactures knitted wire mesh used in electrolysis and filtration applications in the clean hydrogen, chemical and industrial end markets. The acquisition of Rhodius KMS introduces cross-selling opportunities through the addition of knitted mesh to Gerard Daniel’s growing product portfolio, expands the company’s reach in the attractive and fast-growing clean hydrogen market, and further establishes Gerard Daniel’s European presence with new German operations. Post-acquisition, Gerard Daniel will serve over 5,000 customers from 11 locations across four countries.
Gerard Daniel's chief executive officer Jack Slinger commented, “The addition of Rhodius KMS to the Gerard Daniel group of companies expands our manufacturing capabilities, global footprint, and engineering organizations. We are excited to help the Rhodius team expand their product distribution further into the North American market, while also working with the existing customer base to increase Rhodius' revenues within the core business. We will continue to serve our customers through the people they have built relationships with and trust."
Dr. Martin Dunkel, the Managing Director of Rhodius KMS, will continue to manage the business and commented, "We are excited for the road ahead where Rhodius KMS can leverage the resources of a large global organization. The KMS team also enjoyed working with the team at Graycliff Partners and we are thrilled to have a strategic minded and well capitalized partner to support future growth.”
Rhodius KMS is the latest acquisition completed by Graycliff-backed Gerard Daniel, following the April 2023 acquisition of NJ-based Wire Cloth Manufacturers. Andrew Trigg, Managing Partner at Graycliff, commented, “We believe the integration of Gerard Daniel and Rhodius creates exciting growth opportunities for the combined business. We look forward to working with both teams to leverage these opportunities to further accelerate growth and serve Gerard Daniel’s global customer base seamlessly.”
About Graycliff Partners LP
Graycliff Partners is an investment firm focused on making lower middle market investments, typically in manufacturing, business services and value-added distribution businesses. Through dedicated equity and credit funds, Graycliff provides capital for acquisitions, management buyouts, recapitalizations, growth and expansion. For more information about Graycliff Partners visit www.graycliffpartners.com.
About Gerard Daniel
With over 70 years of experience in wire and wire cloth products, Gerard Daniel's sales teams and applications engineers collaborate with customers to create solutions to their manufacturing and supply chain challenges. Gerard Daniel serves a wide range of industries including aerospace, vehicles, clean energy, pharmaceutical, oil, gas, mining, and industrial applications. With deep supply chain resources and multiple locations in Europe, Canada and the US, Gerard Daniel is uniquely positioned to respond to customer needs quickly.
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Contacts
Caileigh Johnston
Graycliff Partners LP
cjohnston@graycliffpartners.com
212-300-2932