Cortland Fibron BX Acquired By Rubicon Partners From Actuant Corporation
December 2018
Rubicon Partners (“Rubicon”) is pleased to announce the acquisition of Cortland Fibron BX Limited (“Fibron” or the “Company”) from Actuant Corporation (“Actuant”).
Founded in 1987, Fibron is the leading global supplier of sub-sea umbilicals to the offshore oil & gas, remotely operated vehicles, geophysical, diving, defense and oceanographic markets. From its headquarters in Hertfordshire, UK, the Company designs, engineers and manufacturers umbilicals for safety- and process- critical applications around the world. It was acquired by Actuant in 2008.
Rubicon Partners (www.rubiconpartners.com) is a hands-on investment partnership focused on acquiring complex industrial businesses across Europe and North America. Over the past 25 years the firm has invested in 73 industrial manufacturing, distribution and service companies, ranging in value from £15m to £250m. The acquisition of Fibron from Actuant represents Rubicon’s 52nd new investment acquisition through a corporate carve-out.