Add-on Acquisition • Chemicals

Caplugs Acquires Shercon

On July 23, 2012, Caplugs acquired chemicals company Shercon

Acquisition Context
  • This is Caplugs’ 1st transaction in the Chemicals sector.
  • This is Caplugs’ 1st transaction in the United States.
  • This is Caplugs’ 1st transaction in California.

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M&A Deal Summary

Date July 23, 2012
Target Shercon
Sector Chemicals
Buyer(s) Caplugs
Deal Type Add-on Acquisition
Advisor(s) Intrepid Investment Bankers (Financial)

Target Company

Shercon

Cypress, California, United States
Shercon is a manufacturer of niche industrial rubber products for OEMs across industries.
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Buyer Overview 1

Buyer

Caplugs

Buffalo, New York, United States

Category Company
Founded 1948
Sector Plastics
DESCRIPTION

Caplugs is a designer, manufacturer and marketer of injection-molded plastic and vinyl protection products. Caplugs has six manufacturing processes, including injection molding, vinyl-dip molding, vinyl coating, extrusion, compression molding, and die-cutting that offer customers a wide range of options and bring value as a long-term partner. Caplugs has ten global manufacturing facilities in New York, Pennsylvania, California, Texas, Holland, Belgium, Australia, Canada, and China. Caplugs was founded in 1948 and is headquartered in Buffalo, New York.


Deal Context for Buyer #
Overall 1 of 3
Sector: Chemicals 1 of 1
Type: Add-on Acquisition 1 of 3
State: California 1 of 1
Country: United States 1 of 3
Year: 2012 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-03 Tri Star Protector Service Co.

New Caney, Texas, United States

Tri-Star Protector ("Tri-Star") provides an environmental service to upstream oil & gas companies throughout North America and other international markets via the collection, refurbishment, and resale of pipe thread protectors.

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