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

Ferro sells another piece of its plastics business

December 19, 2014 3:33 pm ET

Ferro Corp. has sold its North American polymer additives business to a private equity firm for $154 million in cash.    More

Image

Alex Brands buys iconic Shrinky Dinks toys

December 19, 2014 3:15 pm ET

First Slinky, now Shrinky Dinks. What will toy and games investment firm Alex Brands buy next?    More

Image

Judge limits scope of jury verdict against JM Eagle

December 19, 2014 2:30 pm ET

A federal judge in Los Angeles said Dec. 18 that last year's jury verdict issued against J-M Manufacturing Co. — now JM Eagle — for...    More

Image

Thailand's SCG Chemicals buying Norwegian chemical firm Norner

December 19, 2014 9:11 am ET

Thailand's SCG Chemicals Co. Ltd. has announced it has acquired 51 percent of the shares in the independent petrochemical company Norner Holding AS...    More

Image

BASF to sell its share in Singapore JV

December 19, 2014 8:37 am ET

BASF SE has announced that it has reached an agreement for it to sell its share in the 50-50 joint venture ELLBA Eastern, at Jurong Island, Singapore ...    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

Learn more

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

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