M&A Deal Summary

Davalor Mold Acquires IMC

On July 3, 2024, Davalor Mold acquired plastics company IMC from NN

Acquisition Highlights
  • This is Davalor Mold’s 1st transaction in the Plastics sector.
  • This is Davalor Mold’s 1st transaction in the United States.
  • This is Davalor Mold’s 1st transaction in Texas.

M&A Deal Summary
Date 2024-07-03
Target IMC
Sector Plastics
Buyer(s) Davalor Mold
Sellers(s) NN
Deal Type Divestiture

Target

IMC

Lubbock, Texas, United States
IMC is a manufacturer of precision-engineered injection molded industrial components with international blue chip customers in a wide variety of end markets. IMC was formed in 1947 and is based in Lubbock, Texas.

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Buyer(S) 1

Buyer

Davalor Mold

Chesterfield, Michigan, United States
Category Company
Founded 1979
Sector Plastics
DESCRIPTION

Davalor Mold is a manufacturer and distributor of injection-molded plastic products. Davalor offers a wide variety of molded plastic products found in OEM level automotive corporations, which are supplied by Tier 1 automotive suppliers. Davalor Mold was founded in 1979 and is based in Chesterfield, Michigan.

DEAL STATS #
Overall 1 of 1
Sector (Plastics) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1

Seller(S) 1

SELLER

NN

Charlotte, North Carolina, United States
Category Company
Founded 1980
Sector Manufacturing
Employees3,087
Revenue 489M USD (2023)
DESCRIPTION

NN manufactures and supplies high precision metal bearing components, industrial plastic and rubber products and precision metal components to a variety of markets on a global basis. NN was founded in 1980 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 3 of 3
Sector (Plastics) 1 of 1
Type (Divestiture) 3 of 3
State (Texas) 1 of 1
Country (United States) 3 of 3
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-24 NN - Life Sciences Division

Johnson City, Tennessee, United States

NN, Inc. - Life Sciences Division design and manufacture implants, surgical instrumentation, single-use disposable devices, and assemblies on a global basis.

Sell $825M
Mergr

Product

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