Report: Graham looking to sell Infiltrator

By Catherine Kavanaugh
Staff Reporter

Published: August 19, 2014 11:32 am ET
Updated: August 19, 2014 11:38 am ET

Image By: Infiltrator Systems Inc. Infiltrator Systems Inc. recently installed its largest machine, a press with 6,000 tons of clamping force, to produce 15-foot-long septic tank halves.

Related to this story

Topics Mergers & Acquisitions United States Injection Molding
Companies & Associations

Private equity group Graham Partners Inc. reportedly is ready to sell septic tank maker Infiltrator Systems Inc. after holding the Old Saybrook, Conn.-based company for almost nine years.

Infiltrator products have been sold to the wastewater industry market since 1987. Graham acquired the business in November 2005 as a portfolio company, which has since made add-on acquisitions.

Thomson Reuters Group’s PEHub.com reported Aug. 18 that Infiltrator is for sale. The report cited two unnamed sources. Graham officials had no immediate comment on the report.

Graham invests in North American companies with earnings before interest, taxes, depreciation and amortization (EBITDA) of $5 million to $50 million. Infiltrator is at the highest end of that range and Graham is seeking bids of at least eight times EBITDA, according to the PEHub.com report.

During the longer-than-average hold time, Infiltrator literally has received some big investments — the most recent in March, when a mammoth injection press with 6,000 tons of clamping force began molding 15-foot-long septic tank halves. Infiltrator said the press is the world’s largest low-pressure injection molding machine, with the largest hot runner manifold system in the world.

To diversify its product offerings, in December, Infiltrator bought New Jersey-based ICC Technologies LLC, which designs and manufactures similar products for synthetic, aggregate drainage systems, and has a new line of injection molded tanks.

Graham has been active this month, parting with Strata Products Worldwide and Strata Proximity Systems in a combined sale after less than fours years of ownership.

Also in 2014, Graham acquired HemaSource Holdings LLC, a supplier of medical disposables to blood therapies companies; Bel-Art Products of New Jersey, which makes laboratory products (through its portfolio company SP Industries); and blow molder Precision Medical Inc., which makes bottles and containers for the food and household chemical markets.

Graham says on its website that it is focused on investing in businesses with advanced manufacturing technologies, innovative product development capabilities and strong growth potential.


Comments

Report: Graham looking to sell Infiltrator

By Catherine Kavanaugh
Staff Reporter

Published: August 19, 2014 11:32 am ET
Updated: August 19, 2014 11:38 am ET

Post Your Comments


Back to story


More stories

Image

Arsenal Capital selling Royal Adhesives and Sealants

April 27, 2015 4:10 pm ET

Private equity firm Arsenal Capital Partners has sold off a plastics-related business for the second time in six months.    More

Image

Eriks NV buys two US polymer companies

April 24, 2015 10:38 am ET

Dutch company Eriks NV is expanding its reach in the North American plastics sector with two acquisitions: Dallas-based Seals and Packings Inc. and...    More

Image

Danish packaging firm Faerch buys UK's Anson as part of growth strategy

April 24, 2015 9:37 am ET

Denmark-based packaging company Faerch Plast A/S has acquired Ely, United Kingdom-based Anson Packaging Ltd., a move the company says “should...    More

Image

Reifenhäuser acquires German spinneret company Enka Tecnica

April 17, 2015 9:31 am ET

Germany-based Reifenhäuser GmbH & Co. KG, a major manufacturer of extrusion equipment, has announced that it is acquiring Enka Tecnica GmbH, a German ...    More

Image

Spain's Grupo Antolin to buy Magna's interiors business

April 16, 2015 12:33 pm ET

Spain's Grupo Antolin has reached an agreement to purchase Canadian auto supply giant Magna International Inc.'s interiors unit in a deal valued at ab...    More

Market Reports

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 Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

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

Upcoming Plastics News Events

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

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events