The report below gives a good overview of the first quarter M&A activity in the Plastics and Rubber Industry Sector. M&A activity for North American based target companies in the Plastics and Rubber sector for Q4 2019 included 24 closed deals, according to data published by industry data tracker FactSet.
One of the notable lower middle market transactions closed in November when Tank Holdings Corp, a portfolio company of Olympus Advisors LLC, acquired Chem-Tainer Industries, Inc., doing business as Todd Enterprises, for an undisclosed amount. Olympus Partners is a private equity and venture capital firm. Chem-Tainer Industries engages in manufacturing plastic tanks. The company’s products include open top, water, bulk storage, split containment and septic tanks. Chem-Tainer Industries is headquartered in West Babylon, NY.
Industry Indicators
- US nondurable goods manufacturers’ shipments of plastics and rubber products, an indicator of plastic and rubber products production, remained flat year-to-date in October 2019 compared to the same period in 2018.
- The spot price of crude oil, a key raw material in plastic and rubber manufacturing, rose 15.0% in the week ending December 13, 2019, compared to the same week in 2018.
Posted by Jim Zipursky.
Read the Entire Plastics and Rubber 1st Quarter Newsletter Here
The post M&A Quarterly News In The Plastics and Rubber Industry Sector appeared first on CFA. The author is jimz.
