Specialty Chemicals M&A » By The Online Investor Staff, updated Tue., Apr. 30, 7:22 AM
Recent mergers and acquisitions in the Specialty Chemicals M&A category.
Slide #91. A. Schulman — ECM Plastics, Inc.
Acquirer: |
A. Schulman (SHLM) |
Acquiree: |
ECM Plastics, Inc. |
Details: |
A. Schulman, Inc. announced that it has signed a definitive agreement to acquire ECM Plastics, Inc., a privately owned, leading plastics compounder located in Worcester, Massachusetts, for $36.5 million. ECM Plastics, Inc. generates approximately $40 million in annual sales. After expected synergies, operating margins are projected to exceed 10%, with operating profit per pound to surpass 15 cents. The transaction is expected to close in early September pending the completion of closing requirements. |
A. Schulman is a supplier of plastic formulations, resins, and services and provides solutions to meet its customers' requirements through proprietary and custom-formulated products. Co.'s customers span a range of markets such as packaging, mobility, building and construction, electronics and electrical, agriculture, personal care and hygiene, custom services, and sports, home and leisure. Co. has three product families: Engineered Composites; Custom Concentrates and Services, which consists of Custom Performance Colors, Masterbatch Solutions, and Specialty Powders product groups; and Performance Materials, which consists of Engineered Plastics and Distribution Services product groups.
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April 30, 2024 7:22 AM Eastern
Hold (2.00 out of 4)
100th percentile
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