Propex Operating - M&A Summary, Ownership, and Business Overview

FurnitureCompany

Propex Operating M&A Summary

Propex Operating has acquired 1 company of its own. It has also divested 1 asset.

Propex Operating has acquired in 1 US state. The Company’s most targeted sectors include manufacturing (100%).

Propex Operating Ownership

Who owns Propex Operating?

Propex Operating is owned by Groupe Solmax. It was acquired on November 17, 2021.

Was Propex Operating formerly PE-backed?

Yes. Propex Operating was formerly owned by 3 private investors.

Propex Operating Business Overview

Where is Propex Operating headquartered?

Propex Operating is headquartered in Chattanooga, Tennessee.

What sector is Propex Operating in?

Propex Operating is a furniture company.

When was Propex Operating founded?

Propex Operating was founded in 1884.

M&A Summary

  • M&A Total Activity2
    • M&A Buy Activity1
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2

Propex Operating

Propex Operating Co. LLC

4019 Industry Drive,
Chattanooga, Tennessee 37416
United States,
(800) 621-1273
www.propexglobal.com

Propex Operating is a manufacturer of the primary carpet backing and secondary carpet backing. The Company is also a producer of woven and non-woven polypropylene fabrics for use in furniture, bedding, automotive, geotextile, and other industrial fabrics applications. Propex Operating was founded in 1884 and is based in Chattanooga, Tennessee.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 1 - - - - - 1
Sell (0.0/yr) # 1 - - - - - 1
  2

Most Recent M&A

Company Date Value Type
Propex Foreign Holdings 2019-04-02 - Divestiture
Matehuala, Mexico
Sika Services AG - Concrete Fibers business 2018-11-06 - Divestiture
Chattanooga, Tennessee
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Manufacturing 1 (100%) - - -
Packaging - - 1 (100%) -
Total 1 - 1 -

By Geo

State/Country Buy Value Sell Value
Mexico - - 1 -
United States 1 - - -
  Tennessee 1 - - -
Domestic 1 (100%) - - -
Cross-border - - 1 (100%) -
Total 1 - 1 -

M&A Connections

Deals
Acquired from
Strategic(s)
100%
1 (100%)
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Furniture

Established

1884

Former Name

Propex, Inc.

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