M&A Deal Summary

Andlinger & Company Acquires Steward Advanced Materials

On January 1, 2015, private equity firm Andlinger & Company acquired manufacturer Steward Advanced Materials from Steward

Acquisition Highlights
  • This is Andlinger & Company’s 1st transaction in the Manufacturing sector.
  • This is Andlinger & Company’s 7th transaction in the United States.
  • This is Andlinger & Company’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2015-01-01
Target Steward Advanced Materials
Sector Manufacturing
Buyer(s) Andlinger & Company
Sellers(s) Steward
Deal Type Divestiture

Target

Steward Advanced Materials

Chattanooga, Tennessee, United States
Steward Advanced Materials is a manufacturer of highly-engineered metallic and ceramic powders, with a focus on low and high-frequency electromagnetic absorption, corrosion resistance, thermal stability, and weight reduction. Steward Advanced Materials was founded in 2002 and is based in Chattanooga, Tennessee.

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Buyer(S) 1

Buyer

Andlinger & Company

Tarrytown, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Andlinger & Company, Inc. is a private investment firm focused on management/leveraged buyouts, divestitures, recapitalizations, and growth financings of middle-market businesses. It looks for companies valued from $1 to $150 million and will consider opportunities throughout North America and Europe. The Firm's target investment size is is up to $25 million. Areas of particular interest include renewable energy, energy efficiency and conservation, emission reduction, and waste recovery. Andlinger will also consider add-on investments in industrial manufacturing, medical devices, graphic arts, scientific instruments, information services and software, engineering services, technology infrastructure, and pharmaceutical packaging and manufacturing. Andlinger was formed in 1976 and has offices in Vienna, Austria; Brussels, Belgium; Tarrytown, New York; and Vero Beach, Florida.


DEAL STATS #
Overall 11 of 18
Sector (Manufacturing) 1 of 3
Type (Divestiture) 2 of 2
State (Tennessee) 1 of 1
Country (United States) 7 of 7
Year (2015) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 CPI

Fuveau, France

CPI offers its expertise in cold plasma surface treatment in a controlled atmosphere, at atmospheric pressure or under vacuum. CPI was founded in 2001 and is based in Fuveau, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-08 Clesse Industries

Cournon-d'Auvergne, France

Clesse Industries designs manufacture and supplies worldwide, products mainly dedicated to LP Gas (Butane-Propane) and Natural Gas. Their product range is focused on gas regulators, valves, fittings and safety accessories, to be installed on networks, tanks, cylinders, and pipes. Clesse Industries was founded in 1950 and is based in Cournon-d'Auvergne, France.

Buy -

Seller(S) 1

SELLER

Steward

Chattanooga, Tennessee, United States

Category Company
Founded 1876
Sector Electronics
DESCRIPTION

Steward, Inc. is a provider of ferrite-based products hat are used to remove unwanted EMI "noise" and other signals at unwanted frequencies from conductors.


DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-01 Steward Advanced Materials

Chattanooga, Tennessee, United States

Steward Advanced Materials is a manufacturer of highly-engineered metallic and ceramic powders, with a focus on low and high-frequency electromagnetic absorption, corrosion resistance, thermal stability, and weight reduction. Steward Advanced Materials was founded in 2002 and is based in Chattanooga, Tennessee.

Buy -