Hannecard Group, a global leader in industrial roller coverings and coatings, has acquired Glunt Industries, a leading provider of repair, refurbishment, and replacement services for critical mill equipment in the steel and aluminium sectors. Glunt was a portfolio company of Merit Capital Partners. The transaction closed in April 2026 and financial terms were not disclosed.

Founded in 1966 and headquartered in Warren, Ohio, Glunt operates four sites in the heart of one of North America's most significant steel-producing regions. The company specialises in the reconditioning, rebuilding, and precision remanufacturing of rolls, chocks, mandrels, and other high-wear mill components, extending the service life of critical assets to exacting tolerances for steel and aluminium producers across the United States.

The acquisition significantly expands Hannecard's North American presence and deepens its service offering to the metals industry. By combining Hannecard's expertise in roller coverings with Glunt's mechanical repair and remanufacturing capabilities, the group can now offer customers a comprehensive solution spanning the full mill equipment lifecycle — from roller surface to mechanical components.

Capstone Partners – IMAP USA acted as exclusive financial advisor to Glunt Industries on the transaction.