M&A Deal Summary

Hexcel Acquires Clark-Schwebel

On September 26, 1998, Hexcel acquired manufacturer Clark-Schwebel from Vestar Capital Partners for 453M USD

Acquisition Highlights
  • This is Hexcel’s 1st transaction in the Manufacturing sector.
  • This is Hexcel’s largest (disclosed) transaction.
  • This is Hexcel’s 1st transaction in the United States.
  • This is Hexcel’s 1st transaction in South Carolina.

M&A Deal Summary
Date 1998-09-26
Target Clark-Schwebel
Sector Manufacturing
Buyer(s) Hexcel
Sellers(s) Vestar Capital Partners
Deal Type Add-on Acquisition
Deal Value 453M USD

Target

Clark-Schwebel

Anderson, South Carolina, United States
Clark-Schwebel is headquartered in Anderson, SC. The company, together with its European and Asian affiliates, is the leading global producer of fiber glass and aramid fabrics.

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Buyer(S) 1

Buyer

Hexcel

Stamford, Connecticut, United States

website

Category Company
Founded 1946
Sector Manufacturing
Employees4,863
Revenue 1.3B USD (2021)
DESCRIPTION

Hexcel is a manufacturer and supplier of composite materials and structural parts for various industries. Hexcel was founded in 1946 and is based in Stamford, Connecticut.

DEAL STATS #
Overall 1 of 2
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (South Carolina) 1 of 1
Country (United States) 1 of 2
Year (1998) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-08 Oxford Performance Materials - Aerospace & Defense Business

South Windsor, Connecticut, United States

Oxford Performance Materials, Inc. - Aerospace & Defense Business produces qualified, high-performance thermoplastic, carbon fiber reinforced 3D printed parts for Commercial Aerospace and Space and Defense applications.

Buy -

Seller(S) 1

SELLER

Vestar Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1988
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Vestar Capital Partners is a private equity firm that targets management buyouts and growth capital investments across North America and Europe in the consumer, business services, and healthcare sectors. The Firm looks to invest $50 to $150 million in transactions valued up to $1 billion. Specific areas of interest include food, apparel, household goods, retail, consumer services, industrial services, information services, manufacturing, distribution, transportation, financial services, media/communications, digital health media, and medical technology. Vestar Capital Partners was formed in 1988 and is based in New York City.

DEAL STATS #
Overall 10 of 64
Sector (Manufacturing) 1 of 5
Type (Add-on Acquisition) 3 of 27
State (South Carolina) 1 of 1
Country (United States) 10 of 51
Year (1998) 2 of 3
Size (of disclosed) 16 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-06-01 Siegel+Gale

New York City, New York, United States

Siegel+Gale, is a strategic branding firm. The firm has helped companies define, dramatize and deliver the essential value of their brands with breakthrough simplicity.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-10-01 RedPrairie

Alpharetta, Georgia, United States

RedPrairie Corp. is a developer and marketer of software for managing warehousing and transportation logistics.

Buy -
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