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 Medical, Mergers & Acquisitions, 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

Image

Wright Plastic Products buys Tennessee auto supplier Hope Industries

March 4, 2015 3:51 pm ET

Michigan custom injection molder Wright Plastic Products Co. LLC has acquired Tennessee-based automotive supplier Hope Industries Inc., the companies ...    More

Image

Newell Rubbermaid expanding production, employment in Kansas

March 3, 2015 3:31 pm ET

Newell Rubbermaid Inc. is expanding and extending plastics molding technologies at its Winfield, Kan., manufacturing plant and distribution center.    More

Image

Accella buys IPS Polymer Systems

March 3, 2015 5:26 pm ET

Accella Performance Materials Inc. is acquiring IPS Polymer Systems Inc. to expand the firm's growing polyurethane operation.    More

Image

Best Places To Work: No. 5, Plastic Components Inc.

March 3, 2015 2:50 pm ET

Plastic Components Inc. had a busy 2014: It built a house, earned a patent, spun off a business, added presses and expanded its staff.    More

Image

Best Places To Work: No. 2, B&B Molders LLC

March 3, 2015 1:56 pm ET

Britt Murphey is trying to retire. But he's just having too much fun.    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events