HLIO - Helios Technologies agrees to acquire Daman Products

• Helios Technologies ( NYSE: HLIO ) to acquire the assets of Indiana-based Daman Products Company "Daman", a recognized leader in complex manifold design and manufacturing for precision hydraulic manifolds and related fluid conveyance products.
• The move strategically enhances Helios’ Hydraulics segment technologies with leading standard manifolds and custom-designed precision hydraulic integrated packages.
• The addition provides greater reach into existing markets while adding new diversified markets and enhances product offering and enables horizontal product line integration for more sophisticated system solutions.
• Terms of the deal were not disclosed.
• Sun Hydraulics, a Helios company, and Daman have collaborated for years to create solutions that address customers’ fluid power challenges.

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