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M&A Deal Summary

Niteo Acquires AP Formulators

On October 13, 2016, Niteo acquired chemicals company AP Formulators

Acquisition Highlights
  • This is Niteo’s 1st transaction in the Chemicals sector.
  • This is Niteo’s 1st transaction in the United States.
  • This is Niteo’s 1st transaction in Texas.

M&A Deal Summary
Date 2016-10-13
Target AP Formulators
Sector Chemicals
Buyer(s) Niteo
Deal Type Add-on Acquisition

Target

AP Formulators

South Houston, Texas, United States
AP Formulators, Inc. is a formulator of a full line of car wash chemicals serving self-serve, automatic and express/full service car washes.

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Buyer(S) 1

Buyer

Niteo

Hernando, Mississippi, United States
Category Company
Sector Automotive
DESCRIPTION

Niteo manufactures and distributes a full line of automotive appearance, performance and maintenance chemicals, under the brand names of Car Brite, Motor Medic and Pyroil, including tyre & wheel care, degreasers, waxes, polishes, interior cleaners, fuel system additives and other functional fluids. Niteo is based in Hernando, Mississippi.

DEAL STATS #
Overall 1 of 7
Sector: Chemicals M&A 1 of 4
Type: Add-on Acquisition M&A Deals 1 of 5
State: Texas M&A 1 of 1
Country: United States M&A 1 of 7
Year: 2016 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-29 Eagle One

Lexington, Kentucky, United States

Eagle One is a provider of technologically advanced washes, waxes, protectants and accessories designed for better performance, more shine and enduring protection.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-18 Trans-Mate

North Billerica, Massachusetts, United States

Trans-Mate LLC is a manufacturer of high quality professional car wash and car detailing products.

Buy -
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