M&A Deal Summary

One Rock Capital Partners Acquires Jadex

On March 18, 2019, private equity firm One Rock Capital Partners acquired plastics company Jadex from Newell Brands for 500M USD

Acquisition Highlights
  • This is One Rock Capital Partners’ 1st transaction in the Plastics sector.
  • This is One Rock Capital Partners’ 3rd largest (disclosed) transaction.
  • This is One Rock Capital Partners’ 13th transaction in the United States.
  • This is One Rock Capital Partners’ 1st transaction in South Carolina.

M&A Deal Summary
Date 2019-03-18
Target Jadex
Sector Plastics
Buyer(s) One Rock Capital Partners
Sellers(s) Newell Brands
Deal Type Divestiture
Deal Value 500M USD

Target

Jadex

Greer, South Carolina, United States
Jadesx is a manufacturer and material sciences company that offers custom-designed plastic, nylon, monofilament and zinc products in the health care, consumer, and industrial end markets.

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Buyer(S) 1

Buyer

One Rock Capital Partners

New York, New York, United States
Category Private Equity Firm
Founded 2010
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

One Rock Capital Partners is a private equity group focused on opportunities where the Firm can leverage its operational, strategic, and financial resources. One Rock seeks investments in mature, North American companies and will also consider distressed situations. Sectors of interest include chemicals, packaging, forest products, consumer appliances/electronics, electrical equipment, niche manufacturing, business services, environmental services, waste management, equipment rental, healthcare products, medical products, and automotive dealerships. One Rock Capital Partners is based in New York City.

DEAL STATS #
Overall 13 of 24
Sector (Plastics) 1 of 1
Type (Divestiture) 4 of 10
State (South Carolina) 1 of 1
Country (United States) 13 of 22
Year (2019) 1 of 3
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-14 Airxcel

Wichita, Kansas, United States

Airxcel is a designer, manufacturer, and marketer of climate control systems for a variety of specialty end markets including recreational vehicles, telecommunication enclosures, and commercial/industrial applications. The company employees find opportunities to express creativity and innovation, enhance education and be productive team members in a supportive work environment. It conducts its business with respect and regard for its employees, customers, suppliers, financial partners, and communities in which it operates. Airxcel was formed in 1991 and is based in Wichita, Kansas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-09 CentroMotion

Waukesha, Wisconsin, United States

CentroMotion is a global company serving agriculture, specialty and commercial vehicle, construction, and other industrial end-markets with motion, actuation, and control solutions. EC&S primarily serves on and off-highway OEMs with highly engineered system-critical motion, actuation, and control solutions under brands that include CrossControl, Maximatecc, Elliott Manufacturing, Gits Manufacturing, Power-Packer, and Weasler Engineering. CentroMotion is based in Waukesha, Wisconsin.

Buy -

Seller(S) 1

SELLER

Newell Brands

Atlanta, Georgia, United States
Category Company
Founded 1903
Sector Consumer Products
Employees24,600
Revenue 8.1B USD (2023)
DESCRIPTION
Entrance to Newell Brands' corporate headquarters in Atlanta, Georgia.
Entrance to Newell Brands' corporate headquarters in Atlanta, Georgia.

Newell Brands is a marketer of consumer and commercial products. The Company's portfolio of leading brands include Rubbermaid, Sharpie, Graco, Calphalon, Irwin, Lenox, Levolor, Paper Mate, Dymo, Waterman, Parker, Goody, Rubbermaid Commercial Products and Aprica. Newell Brands was formerly known as Newell Rubbermaid. Newell Brands was founded in 1903 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 20 of 21
Sector (Plastics) 1 of 1
Type (Divestiture) 19 of 20
State (South Carolina) 1 of 1
Country (United States) 19 of 20
Year (2019) 1 of 1
Size (of disclosed) 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-07 Jostens

Minneapolis, Minnesota, United States

Jostens is a producer of school-related affinity products, including yearbooks, class rings, announcements and accessories, diplomas, caps and gowns and school photography. Jostens' products celebrate important moments and recognize achievements in high schools, colleges and middle schools and the Company is also a leading provider of products to athletic chmiampions and their fans.

Sell $1.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-07 First Alert

Aurora, Illinois, United States

First Alert offers a comprehensive portfolio of detection and suppression devices including smoke alarms, carbon monoxide (CO) alarms, combination alarms, connected fire and CO devices, fire extinguishers, and other suppression solutions. Products are marketed through the First Alert, BRK, and Onelink brands. First Alert was founded in 1969 and is based in Aurora, Illinois.

Sell $593M
Mergr

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