M&A Deal Summary

CD&R Acquires Wilsonart

On August 16, 2012, private equity firm CD&R acquired building materials company Wilsonart from ITW for 395M USD

Acquisition Highlights
  • This is CD&R’s 3rd transaction in the Building Materials sector.
  • This is CD&R’s 30th largest (disclosed) transaction.
  • This is CD&R’s 24th transaction in the United States.
  • This is CD&R’s 5th transaction in Texas.

M&A Deal Summary
Date 2012-08-16
Target Wilsonart
Sector Building Materials
Buyer(s) CD&R
Sellers(s) ITW
Deal Type Divestiture
Deal Value 395M USD

Target

Wilsonart

Temple, Texas, United States
website
Wilsonart is a manufacturer and distributor of high pressure laminates and other fine surfacing materials and components used in furniture, office and retail space, countertops, worktops and other applications. Wilsonart was founded in 1956 and is based in Temple, Texas.

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Buyer(S) 1

Buyer

CD&R

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1978
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clayton, Dubilier & Rice LLC (CD&R) is a large private equity firm that targets non-core divestitures of large corporations, growth equity financings, traditional buyouts, and corporate/family partnerships. CD&R looks for opportunities in North America, Western Europe, and Asia and will consider businesses in a wide range of sectors including consumer/retail, healthcare, industrials, and services. Prospective companies generally lead their respective markets, have stable cash flows, and possess competitive advantages through differentiated products, services, or processes. CD&R was formed in 1978 and has offices in New York City and London.

DEAL STATS #
Overall 30 of 90
Sector (Building Materials) 3 of 5
Type (Divestiture) 13 of 24
State (Texas) 5 of 8
Country (United States) 24 of 65
Year (2012) 3 of 5
Size (of disclosed) 30 of 32
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-06 Covetrus

Portland, Maine, United States

Covetrus is a provider of technology-enabled healthcare services for companion and equine veterinary practitioners. The company partners with veterinarians to create insight into gaps in patient care and offer professionalized pro-active prescription management to drive client engagement and improve compliance. Covetrus was formed in 2010 and is based in Portland, Maine.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-28 David s Bridal

Conshohocken, Pennsylvania, United States

David’s Bridal, Inc. is a retailer of bridal gowns and bridal-party related merchandise through its David’s Bridal stores and Priscilla of Boston stores. David’s Bridal stores provide an assortment of designer wedding gowns, special occasion dresses and accessories at affordable prices. Known for value, fashionable designs and the ease of one-stop shopping, David’s Bridal designs, produces and sells a wide selection of styles and sizes through a network of over 300 US and 5 Canadian stores.

Buy $1.1B

Seller(S) 1

SELLER

ITW

Glenview, Illinois, United States

website

Category Company
Founded 1912
Sector Manufacturing
Employees46,000
Revenue 15.9B USD (2022)
DESCRIPTION
Entrance to Illinois Tool Works' corporate headquarters in Glenview, Illinois.
Entrance to Illinois Tool Works' corporate headquarters in Glenview, Illinois.

ITW is a manufacturer of a range of value-adding and short lead-time industrial products and equipment. ITW was founded in 1912 and is based in Glenview, Illinois.

DEAL STATS #
Overall 7 of 14
Sector (Building Materials) 2 of 2
Type (Divestiture) 7 of 13
State (Texas) 1 of 2
Country (United States) 6 of 12
Year (2012) 1 of 1
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-08 Brooks Instrument

Hatfield, Pennsylvania, United States

Brooks provides flow measurement and control devices to the low flow application market, and principally serves the chemical and semiconductor industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-09 Coeur

Lebanon, Tennessee, United States

Coeur, Inc. is a designer and manufacturer of proprietary disposable medical products used primarily in imaging labs during diagnostic and therapeutic imaging procedures, such as angiography, computed tomography (“CT”) and magnetic resonance imaging (“MRI”).

Buy -
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