Germany's Balda buying U.S. medical molder C. Brewer

By Roger Renstrom
Correspondent

Published: December 22, 2012 6:00 am ET

Related to this story

Topics Mergers & Acquisitions, Medical, Injection Molding, Molds/Tooling

ANAHEIM, CALIF. (Dec. 22, 11 p.m. ET) — Balda AG of Bad Oeynhausen, Germany, is positioned to acquire C. Brewer Co. effective Dec. 31 as part of Balda’s buy-and-build strategy for its medical segment.

Balda said it will acquire the custom injection molding and mold making operations of family-owned C. Brewer in Anaheim, Irvine and Ontario, Calif., for about 33 million euros ($43.7 million) including a performance-related earn-out clause of 3.8 million euros ($5 million).

C. Brewer has about 500 employees. Principals are brothers Chuck Brewer III and Michael Brewer.

The company has family roots going back to 1966, occupies about 135,000 square feet of space and operates more than 75 injection molding presses.

In late 2011, C. Brewer bought the assets of the former Kipp Group plant in Ontario from CareFusion Corp. and has dedicated the site to the molding and assembly of medical devices.

Balda said the purchase price is based on a multiple of less than seven times the expected C. Brewer 2012 adjusted earnings before interest, taxes, depreciation, and amortization.

Balda said C. Brewer expects 2012 sales of about $48 million. C. Brewer sells primarily into the medical, biotechnology, recreational sports and automotive markets.

About one-third of C. Brewer’s revenues come from medical clients and 50 percent from optics, according to Balda.

Dominik Müser, Balda chief executive officer, noted that the U.S. has the world’s largest healthcare market and is important to fulfill Balda’s desire to have a presence with its own production locations.

Balda makes medical technology, pharmaceutical and diagnostics products in Germany and electronic products in Ipoh, Malaysia. Balda has a sales subsidiary in the U.S.

The Balda group generated sales of 24.7 million euros ($30.8 million) for the six months ended June 30 and 66.3 million euros ($85.7 million) for calendar 2011.

Balda was founded in 1908 in Dresden, Germany, as a manufacturer of cameras.

M&A International Inc. with two partner firms advised Balda in this transaction.


Comments

Germany's Balda buying U.S. medical molder C. Brewer

By Roger Renstrom
Correspondent

Published: December 22, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Unipex Group buys Ferguson Chemical Innovation

July 29, 2014 1:57 pm ET

Chemical distributor Unipex Group Inc. announced July 29 that it had purchased Ferguson Chemical Innovation, a Brampton, Ontario-based supplier of...    More

Image

Universal Polymer beefing up capabilities through acquisition

July 29, 2014 12:04 pm ET

Universal Polymer & Rubber Ltd. is growing again and adding to its capabilities, this time via another acquisition and a plant expansion.    More

Image

Reynolds considering sale of Closure Systems International unit

July 29, 2014 10:32 am ET

Packaging giant Reynolds Group Holdings Ltd. has put its closures business under review.    More

Image

Carbon black supplier Orion begins trading on NYSE

July 29, 2014 11:29 am ET

Orion Engineered Carbons S.a.r.l. has priced the initial public offering of 19.5 million common shares at a price to the public of $18 per share.    More

Image

Evonik sells polyimide foams operation to Boyd

July 29, 2014 10:46 am ET

Modesto, Calif.-based Boyd Corp., a manufacturers of specialty material and sealing agents, has purchased Evonik Industries’ Solimid...    More

Market Reports

Plastics Recyclers Data Report & Directory

This exclusive MS Excel database contains all the companies from Plastics News' ranking of top North American Recyclers and Brokers by reprocessed volume and also includes a directory with materials processes, services offered and company contact information. Data is based on primary research by PN editorial staff.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events