Graham Partners companies make more acquisitions

By Catherine Kavanaugh
Staff Reporter

Published: December 11, 2013 5:38 pm ET
Updated: December 11, 2013 6:15 pm ET

Related to this story

Topics Construction, Mergers & Acquisitions, Injection Molding

Several portfolio companies of the private investment firm Graham Partners have completed add-on plastics acquisitions.

Infiltrator Systems, Inc., the maker of products for wastewater systems, acquired ICC Technologies LLC, which designs and manufactures similar products for synthetic, aggregate drainage systems and is based in New Jersey.

The acquisition will allow the Connecticut-based Infiltrator to diversify and grow, according to Rob Newbold, managing principal at Graham Partners

“This includes the company's new line of injection molded tanks, which are already changing the industry, and should provide significantly above-market growth for many years to come," Newbold said in a statement.

Infiltrator also recently completed its second dividend recapitalization of the year, returning more than $120 million to its equity investors in 2013. Instead of paying shareholders from company earnings, dividend recaps are funded by raising debt, often by issuing bonds.

In another move, Line-X, which provides customized accessories and protective products to the auto and industrial markets, acquired Canadian Poly Coatings (CPC), which is located in Alberta. This was the year’s second add on for Line-X, which has its corporate headquarters in Huntsville, Ala., and claims to be the leading U.S. provider of spray-on coatings.

CPC was the last North American franchise of its kind and its acquisition marks the final step in a Line-X strategy to streamline distribution by taking control of “master franchisees,” according to Graham Partners.

In November, another Graham portfolio company — Chelsea Building Products — acquired the assets of a small, unnamed Pennsylvania-based cellular PVC building products extruder. The goal is to expand Chelsea's existing cellular PVC line of moldings and its overall capacity. Operations will be consolidated into Chelsea's Oakmont, Pa., facility.

Finally, Troy, Ala.-based HB&G acquired Arbors Direct Inc. (ADI) of Childersburg, Ala. HB&G, which makes synthetic products for porch and deck applications, was interested in ADI for the capability to in-source production of pultruded columns.

The move is expected to make HB&G operations more efficient and add a new pergola line for the outdoor home and pool segments.


Comments

Graham Partners companies make more acquisitions

By Catherine Kavanaugh
Staff Reporter

Published: December 11, 2013 5:38 pm ET
Updated: December 11, 2013 6:15 pm ET

Post Your Comments


Back to story


More stories

Image

Large part molder EnviroTech in 'growth mode,' adds space, equipment

November 26, 2014 9:54 am ET

Salt Lake City-based EnviroTech Molded Products Inc. is adding new equipment and expanding its factory as it gains business in some of its...    More

Image

Huhtamäki selling film division

November 26, 2014 2:10 pm ET

Private equity firm Deutsche Beteiligungs AG (DBAG) will acquire the film business of Finland-based plastics packaging group Huhtamäki Oyj for 141...    More

Image

Visteon in talks to sell its stake in Halla Visteon Climate Control JV

November 26, 2014 9:07 am ET

Visteon Corp. confirmed this morning that it is in discussions with a private equity firm to sell its stake in South Korean joint venture Halla...    More

Image

Globalization brings sizable growth, primarily in Asia

November 25, 2014 1:40 pm ET

In 1990, the year after Plastics News published our first issue, there were 33,000 injection molding machines sold worldwide. Fast forward to 2013,...    More

Image

Uni Cap to build cap molding plant in Jordan

November 25, 2014 12:57 pm ET

The Persian Gulf's largest molder of caps and closures is investing $10 million in a new factory near Amman, Jordan, as part of an effort to boost its...    More

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

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

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

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

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

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

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

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events