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M&A Deal Summary

Sun Capital Partners Acquires Kraco Enterprises

On August 1, 2008, private equity firm Sun Capital Partners acquired manufacturer Kraco Enterprises

Acquisition Highlights
  • This is Sun Capital Partners’ 7th transaction in the Manufacturing sector.
  • This is Sun Capital Partners’ 56th transaction in the United States.
  • This is Sun Capital Partners’ 8th transaction in California.

M&A Deal Summary
Date 2008-08-01
Target Kraco Enterprises
Sector Manufacturing
Buyer(s) Sun Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Kraco Enterprises

Compton, California, United States
Kraco Enterprises is a manufacturer and distributor of automotive aftermarket floor mats including cargo floor mats for vehicle, home, and shop use. In 2009, Kraco plans to introduce environmentally-friendly Eco Mats, a line of floor mats made from recycled materials. Founded in 1954, Kraco operates a 500,000 square foot facility in Compton, California, with over three million cubic feet of palletized top quality floor mats ready to ship. Products are distributed to more than 15,000 auto supply and general merchandise retail stories in the U.S. and Canada.

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Buyer(S) 1

Buyer

Sun Capital Partners

Boca Raton, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 13.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Sun Capital's corporate headquarters in Boca Raton, Florida.
Sun Capital's corporate headquarters in Boca Raton, Florida.

Sun Capital Partners is a large private equity firm focused on leveraged buyouts, equity, debt, and other control investments in North America, Asia, and Europe. Sun looks for businesses that can benefit from the Firm's operating experience including underperformers, turnarounds, and special situations. Target companies typically have $50 million to $1 billion in revenue with strong market positions. Sectors of interest include paper and packaging, food and beverages, metals and mining, automotive after-market parts, consumer products, financial services, healthcare, media and communications, building products, telecommunications, technology, retailing and catalogs, restaurants, manufacturing and industrial. Sun Capital was formed in 1995 and is based in Boca Raton, Florida.

DEAL STATS #
Overall 69 of 172
Sector: Manufacturing M&A 7 of 14
Type: Buyout (LBO, MBO, MBI) M&A Deals 41 of 75
State: California M&A 8 of 16
Country: United States M&A 56 of 118
Year: 2008 M&A 11 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-01 ScS

Sunderland, United Kingdom

ScS is a UK based upholstery retailer specialized in selling sofas and armchairs. ScS is positioned in the middle-market of the upholstery retail sector offering excellent value, choice and service to the company’s customers. ScS operates from a portfolio of 96 stores nationwide, the majority of which are in prime out of town retail park locations with a high quality fit out and mezzanine floor. The branch network has developed through regional clusters supported by eleven distribution centers, designed to deliver cost synergies in distribution and through effective use of national media. Scs is based in Sunderland, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-01 PaperWorks Industries

Fort Washington, Pennsylvania, United States

PaperWorks Industries is an integrated full-service provider of recycled paperboard and specialized folding cartons for packaging applications. PaperWorks was formed in 2008 and is based in Fort Washington, Pennsylvania.

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