Origin Merchant Partners (“Origin”) is pleased to announce that Daman Products Company (“Daman”) has been acquired by Helios Technologies (NYSE:HLIO) (“Helios”).
Daman is a recognized leader in complex manifold design and machining of precision hydraulic manifolds and related fluid conveyance products, which are used in numerous hydraulics applications for industrial and mobile markets. Founded in 1976 and based in the US, Daman has established leading market share in the standard manifold niche market segment, as well as in custom designed integrated solutions.
Helios is a global leader in highly engineered motion control and electronic controls technology for diverse end markets. Its products are sold to customers in over 90 countries around the world. Sun Hydraulics, a Helios company, and Daman have collaborated for years to create solutions that address customers’ fluid power challenges.