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M&A Deal Summary

Masco Acquires Behr Holdings

On September 1, 1999, Masco acquired chemicals company Behr Holdings from Liberty Partners

Acquisition Highlights
  • This is Masco’s 1st transaction in the Chemicals sector.
  • This is Masco’s 4th transaction in the United States.
  • This is Masco’s 1st transaction in California.

M&A Deal Summary
Date 1999-09-01
Target Behr Holdings
Sector Chemicals
Buyer(s) Masco
Sellers(s) Liberty Partners
Deal Type Add-on Acquisition

Target

Behr Holdings

Santa Ana, California, United States
Behr Holdings Corporation is a domestic manufacturer of exterior and interior paint, protective coatings, and stains sold to national and regional home centers and independent retailers.

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Buyer(S) 1

Buyer

Masco

Livonia, Michigan, United States
Category Company
Founded 1929
Sector Building Materials
Employees18,000
Revenue 8.0B USD (2023)
DESCRIPTION
Entrance to Masco's corporate headquarters in Taylor, Michigan.
Entrance to Masco's corporate headquarters in Taylor, Michigan.

Masco manufactures, distributes and installs home improvement and building products. The Company is among the largest manufacturers in North America of a number of home improvement and building products, including faucets, cabinets, architectural coatings and windows, and Masco is one of the largest installers of insulation for new home construction. The Company provides a broad product offering in a variety of styles and price points and distribute products through multiple channels, including directly to homebuilders and wholesale and retail channels. Masco was formed in 1929 and is based in Livonia, Michigan.

DEAL STATS #
Overall 7 of 17
Sector (Chemicals) 1 of 2
Type (Add-on Acquisition) 7 of 17
State (California) 1 of 1
Country (United States) 4 of 11
Year (1999) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-09-01 Arrow Fastener Company

Saddle Brook, New Jersey, United States

Arrow Fastener Company LLC is a manufacturer of manual and electric staple and nail guns, glue and rivet tools which are sold to consumers and commercial contractors, primarily through home centers, mass merchants and specialized retailers. Arrow Fastener Company LLC was established in 1929 and is headquartered in Saddle Brook, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-25 Tvilum

Faarvang, Denmark

Tvilum is a provider of practical and eco-friendly DIY assembly, and flat-pack furniture for every room of the house. Tvilum develops, manufactures, and sells a wide range of flat-pack furniture at competitive prices. Tvilum was founed in 1965 and is based in Faarvang, Denmark.

Buy $300M

Seller(S) 1

SELLER

Liberty Partners

New York, New York, United States

Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Liberty Partners is a private equity investment firm that targets controlling or substantial-minority investments in North American companies. Liberty looks for opportunities in manufacturing, business services, and education-related companies and seeks to invest $20 to $75 million of equity capital per transaction. Target businesses generally have at least $50 million in revenues and at least $6 million in EBITDA. Prospective transaction types include leveraged buyouts, corporate divestitures, recapitalizations, going-privates, build-ups, and growth financings. Liberty Partners was formed in 1992 and is based in New York City.

DEAL STATS #
Overall 6 of 32
Sector (Chemicals) 1 of 1
Type (Add-on Acquisition) 2 of 12
State (California) 3 of 7
Country (United States) 6 of 32
Year (1999) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-09-01 Zodiac Pool Care

Vista, California, United States

Polaris Pool Systems, Inc. is a designer, manufacturer and marketer of branded automatic swimming pool cleaners and other swimming pool automation, maintenance and decoration products.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-11-01 Onto Innovation

Wilmington, Massachusetts, United States

Onto Innovation is a designer, developer, manufacturer, and supporter of defect inspection, process control metrology, and data analysis systems and software used by the semiconductor device. Onto Innovation's portfolio edge technologies that include: Un-patterned wafer quality; 3D metrology spanning chip features from nanometer-scale transistors to large die interconnects; macro defect inspection of wafers and packages; metal interconnect composition; factory analytics; and lithography for advanced semiconductor packaging. Onto Innovation was founded in 1940 and is based in Wilmington, Massachusetts.

Sell -
Mergr

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