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, Injection Molding, United States

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

Citadel opens second compounding facility in China, near Shanghai

January 27, 2015 3:22 pm ET

Citadel Plastics Inc., the American manufacturer of thermoplastic and engineered composite compounds, has opened its second facility in China,...    More

Image

A. Schulman, Citadel continue buying blitz

January 27, 2015 11:32 am ET

A. Schulman Inc. and Citadel Plastics Inc. — two deal-happy materials firms — were at it again in the second half of 2014.    More

Image

It's becoming a seller's market for plastics firms

January 27, 2015 11:37 am ET

The pace of plastics mergers and acquisitions activity slowed a bit in the second half of 2014 — but market watchers have high expectations for ...    More

Image

Materials market sees more deals

January 27, 2015 11:26 am ET

Plastics materials deals showed modest growth in 2014, increasing 6 percent vs. their 2013 total.    More

Image

Kingspan adds more European production with Joris Ide acquisition

January 27, 2015 10:30 am ET

Kingspan Group plc has purchased insulated panels and building systems supplier Joris Ide Group for 315 million euros ($356 million).    More

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

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 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

Upcoming Plastics News Events

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

More Events