Filtration Group buys Porex

By Frank Esposito
Senior Staff Reporter

Published: December 10, 2013 3:33 pm ET
Updated: December 13, 2013 2:01 pm ET

Related to this story

Topics Mergers & Acquisitions Film & Sheet Extrusion
Companies & Associations

Filtration Group Corp. has acquired porous polymers and plastics maker Porex Corp. for an undisclosed price.

Porex makes materials that are used in a broad range of filtering and venting applications in packaging, automotive, medical, bioscience and other markets. The firm employs 700 and operates manufacturing plants at its Fairburn headquarters site, as well as in Germany, Scotland and Malaysia.

Chicago-based Filtration is a global leader in cleaning air and reducing carbon emissions. The firm operates plants in 20 countries worldwide.

Filtration is owned by private equity firm Madison Capital Partners of Chicago. Porex is being sold by Los Angeles private equity firm Aurora Capital Group. Officials said in a news release that under Aurora’s ownership, Porex made several strategic acquisitions and divestitures, including the sale of its surgical division.

Porex was founded in 1961 by research scientist Bob Dickey. The firm initially made sheet material out of various polymers for use in a caustic fluid separation process.

Investment firm Robert W. Baird & Co. of Milwaukee served as financial advisor to Porex on the sale.

Earlier this year, Porex began making fluoropolymer-based sheet in the U.S. The firm previously had made the product only in Europe. The materials are designed to reduce healthcare-associated infections.

Aurora had owned Porex since 2009, when it purchased the business from HLTH Corp. for $142 million.


Comments

Filtration Group buys Porex

By Frank Esposito
Senior Staff Reporter

Published: December 10, 2013 3:33 pm ET
Updated: December 13, 2013 2:01 pm ET

Post Your Comments


Back to story


More stories

Image

Dow Chemical to merge chlorine operations with Olin

March 27, 2015 12:43 pm ET

Dow Chemical Co. is combining a large part of its chlorine value chain with specialty chemicals and ammunition maker Olin Corp. to create a global...    More

Image

Flextronics launches global injection molding, tooling unit

March 26, 2015 4:29 pm ET

Flextronics International Ltd. (Booth S34125) is officially launching Precision Plastics, a global injection tooling and manufacturing unit, as a...    More

Image

Core Molding buys CPI Binani assets, adds markets, D-LFT capabilities

March 20, 2015 1:20 pm ET

Core Molding Technologies Inc. is expanding its thermoplastics capabilities with the acquisition of substantially all the assets of CPI Binani Inc.,...    More

Image

Proposed Cardia-Stellar merger labeled 'not fair,' but still 'reasonable'

March 20, 2015 10:34 am ET

If the proposed merger of two Australian bioplastics companies goes ahead, the new company will be called Secos Group Ltd. and have annual sales of...    More

Image

Transilwrap buys Clear Focus, expands in advertising films

March 20, 2015 10:03 am ET

Film extruder Transilwrap Company Inc. has bought Clear Focus Imaging, a manufacturer of printable plastic films for large-scale display advertising l...    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