M&A Deal Summary

DuPont Acquires Spectrum Plastics Group

On May 2, 2023, DuPont acquired plastics company Spectrum Plastics Group from AEA Investors for 1.8B USD

Acquisition Highlights
  • This is DuPont’s 1st transaction in the Plastics sector.
  • This is DuPont’s 6th largest (disclosed) transaction.
  • This is DuPont’s 16th transaction in the United States.
  • This is DuPont’s 2nd transaction in Georgia.

M&A Deal Summary
Date 2023-05-02
Target Spectrum Plastics Group
Sector Plastics
Buyer(s) DuPont
Sellers(s) AEA Investors
Deal Type Add-on Acquisition
Deal Value 1.8B USD
Advisor(s) Piper Sandler & Co. (Financial)
Fried Frank Harris Shriver & Jacobson LLP (Legal)

Target

Spectrum Plastics Group

Alpharetta, Georgia, United States
website
Spectrum Plastics Group is a manufacturer of the thermoplastic profile, tube, and sheet plastic extrusions used in industrial, consumer, and other applications. Spectrum Plastics Group has manufacturing facilities in the U.S. and Mexico serving a variety of end-markets, including aerospace, retail, medical, traffic control, lighting, and fence. Spectrum Plastics Group was founded in 2017 and is based in Alpharetta, Georgia.

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Buyer(S) 1

Buyer

DuPont

Wilmington, Delaware, United States

website

Category Company
Founded 1802
Sector Chemicals
Employees23,000
Revenue 13.0B USD (2022)
DESCRIPTION
Entrance to DuPont's corporate headquarters in Wilmington, Delaware.
Entrance to DuPont's corporate headquarters in Wilmington, Delaware.

DuPont is a global chemicals provider and is involved across a range of disciplines, including agriculture and industrial biotechnology, chemistry, biology, materials science and manufacturing. DuPont operates globally and offers a wide range of innovative products and services for markets including agriculture and food, building and construction, electronics and communications, general industrial, and transportation. DuPont is based in Wilmington, Delaware.

DEAL STATS #
Overall 19 of 19
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 9 of 9
State (Georgia) 2 of 2
Country (United States) 16 of 16
Year (2023) 1 of 1
Size (of disclosed) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-18 DuPont s Mobility & Materials Business

Wilmington, Delaware, United States

DuPont's Mobility & Materials (“M&M”) Business is a producer of engineering thermoplastics and elastomers serving a variety of end-uses including automotive, electrical and electronics, consumer goods, and industrial applications. The M&M product portfolio includes numerous specialty materials with global leadership positions in nylons (PA 66, PA 6), specialty nylons (HPPA, LCPA, filaments), polyesters (PET and PBT), and elastomers (TPC and EAE). The M&M portfolio is highly functionalized to meet a wide variety of application specifications and is supported by a leading intellectual property portfolio and technology organization.

Sell $11M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-21 Delrin

Midland, Michigan, United States

Delrin is a specialized plastic used in a variety of applications. The product has been produced under the Delrin brand since 1960.

Sell $1.8B

Seller(S) 1

SELLER

AEA Investors

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1968
PE ASSETS 17.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

AEA Investors is a private investment firm focused on investing in and acquiring businesses headquartered primarily in the US, Europe, and China. AEA looks for companies operating in stable to growing industries with a proven ability to generate positive cash-flow. Broad sectors of interest include value-added industrial products/services, specialty chemicals, consumer products, and services. In addition to its primary middle-market private equity fund, AEA maintains additional funds targeted towards mezzanine financing, senior secured debt, and small business buyouts. AEA Investors was formed in 1968 and is based in New York City.

DEAL STATS #
Overall 75 of 76
Sector (Plastics) 2 of 2
Type (Add-on Acquisition) 24 of 25
State (Georgia) 3 of 3
Country (United States) 68 of 69
Year (2023) 4 of 4
Size (of disclosed) 4 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-08 LoneStar Group

Wednesbury, United Kingdom

LoneStar Group is a manufacturer of specialty fasteners and gaskets that are primarily used in extreme temperature, high-pressure and corrosive environments such as sub-sea petroleum exploration and production systems as well as petroleum and petrochemical refineries. LSP Holding was established in 1960 and is based in Wednesbury, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-31 Crane

Kimberly, Wisconsin, United States

Crane is a value-added provider of flow control and fluid handling distribution, service, and engineered skid systems. The Company has a consultative and solutions-oriented approach to sales and service and supplies customers with a broad range of mission-critical products to keep operations running safely and smoothly while driving productivity and minimizing downtime. Crane is based in Kimberly, Wisconsin.

Buy -
Mergr

Product

Company

Legal