Private equity firm buys Ohio profile extruder

By Michael Lauzon
Correspondent

Published: January 31, 2014 1:58 pm ET
Updated: January 31, 2014 1:59 pm ET

Related to this story

Topics Mergers & Acquisitions, Extrusion, Pipe/Profile/Tubing, Recycling

Private equity firm Grey Mountain Partners LLC has acquired plastic profile extruder Dimex LLC of Marietta, Ohio, for undisclosed terms.

Grey Mountain Vice President Jason Urband called Dimex “a leader in several end markets,” in a news release.

Dimex runs a 220,000-square-foot plant in Marietta that extrudes and finishes profiles from polyethylene, and rigid and flexible PVC It also processes EPDM rubber and does calendering and custom compounding. It prefers to use recycled materials.

Dimex’s main markets are landscape, industrial floor matting, masonry auxiliaries, marine and office chair floor mats. Typical products include edging for landscaping, boat dock edging, and products that control wall joint movement during temperature changes in masonry walls. The firm was established in 1991.

Grey Mountain has several subsidiaries in architectural products and glazing but it lists no other plastics firm in its portfolio. Robbins LLC, however, is a southeastern U.S. subsidiary that compounds and molds rubber.

Dimex CEO David Wesel said Grey Mountain’s financial and operational support will allow Dimex to grow.

Grey Mountain typically invests in companies with enterprise values of between $30 million and $150 million.


Comments

Private equity firm buys Ohio profile extruder

By Michael Lauzon
Correspondent

Published: January 31, 2014 1:58 pm ET
Updated: January 31, 2014 1:59 pm ET

Post Your Comments


Back to story


More stories

Image

RPC Group buying Iceland's Promens

November 27, 2014 8:46 am ET

In a major acquisition that combines two rigid packaging companies with international footprints, RPC Group plc has signed a 399 million euro ($497...    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

SPI hopes to build on EPS recycling

November 26, 2014 6:00 am ET

Successfully recycling expanded polystyrene can be a challenge, there's no doubt about that. EPS, however, has value, is in demand and deserves to be ...    More

Image

Pan-European plastics recycling show scheduled for 2015

November 26, 2014 6:00 am ET

Europe is to get its first pan-European exhibition and conference aimed at the region's plastics recycling industry next year.    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 Visteo...    More

Market Reports

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

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

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