M&A Deal Summary

Forstmann Little Acquires The Thompson Minwax

On December 1, 1994, Forstmann Little acquired chemicals company The Thompson Minwax from Kodak for 700M USD

Acquisition Highlights
  • This is Forstmann Little’s 1st transaction in the Chemicals sector.
  • This is Forstmann Little’s 3rd largest (disclosed) transaction.
  • This is Forstmann Little’s 6th transaction in the United States.
  • This is Forstmann Little’s 1st transaction in New Jersey.
Investment Fate
  • The Thompson Minwax was sold to a publicly-traded strategic buyer in 1996 for 830M USD.

M&A Deal Summary
Date 1994-12-01
Target The Thompson Minwax
Sector Chemicals
Buyer(s) Forstmann Little
Sellers(s) Kodak
Deal Type Divestiture
Deal Value 700M USD

Target

The Thompson Minwax

Upper Saddle River, New Jersey, United States
Minwax finish on display at an Ace Hardware store in Duluth, Minnesota.
Minwax finish on display at an Ace Hardware store in Duluth, Minnesota.
The Thompson Minwax Co. is a manufacturer of sealants, surface protectants and stains including the Thompson, Minwax, Ronseal and Red Devil brands.

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Buyer(S) 1

Buyer

Forstmann Little

New York, New York, United States
Category Private Equity Firm
Founded 1978
Size Small
Type Sector Agnostic
DESCRIPTION

Forstmann Little & Co. is a private investment firm focused on investments in aerospace, consumer products/services, communications, technology, education, and healthcare companies. The Firm will consider investments in both public and private companies. Forstmann Little was most active in the 80s and 90s. Despite it's size and history, the Firm does not maintain a website. Forstmann Little was formed in 1978 and is based in New York City.

DEAL STATS #
Overall 6 of 10
Sector (Chemicals) 1 of 1
Type (Divestiture) 2 of 2
State (New Jersey) 1 of 1
Country (United States) 6 of 10
Year (1994) 2 of 2
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1994-10-28 Ziff Davis

New York, New York, United States

Ziff Davis is a digital media company specializing in the technology market, reaching over 7 million highly engaged in-market buyers and influencers every month. Ziff Davis sites, which feature trusted and comprehensive evaluations of the newest and hottest products, include PCMag.com, ExtremeTech, GearLog, GoodCleanTech, DL.tv, AppScout, CrankyGeeks, Smart Device Central and TechSaver.com. Ziff Davis was founded in 1999 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1995-11-10 Ziff Davis

New York, New York, United States

Ziff Davis is a digital media company specializing in the technology market, reaching over 7 million highly engaged in-market buyers and influencers every month. Ziff Davis sites, which feature trusted and comprehensive evaluations of the newest and hottest products, include PCMag.com, ExtremeTech, GearLog, GoodCleanTech, DL.tv, AppScout, CrankyGeeks, Smart Device Central and TechSaver.com. Ziff Davis was founded in 1999 and is based in New York City.

Sell -

Seller(S) 1

SELLER

Kodak

Rochester, New York, United States
Category Company
Founded 1880
Sector Electronics
Employees4,000
Revenue 1.1B USD (2023)
DESCRIPTION
Entrance to Eastman Kodak's corporate headquarters in Rochester, New York.
Entrance to Eastman Kodak's corporate headquarters in Rochester, New York.

Kodak is a provider of consumer electronic products and imaging technology and solutions. Kodak was incorporated in 1880 and is based in Rochester, New York.

DEAL STATS #
Overall 1 of 7
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 7
State (New Jersey) 1 of 1
Country (United States) 1 of 7
Year (1994) 1 of 1
Size (of disclosed) 3 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-08-04 Laser-Pacific Media

Burbank, California, United States

Laser-Pacific Media Corporation is a post-production facility. Laser Pacific was built on a unique approach to the post-production process which integrates end-to-end solutions, leading edge technologies, and talented personnel.

Buy $31M
Mergr

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