M&A Deal Summary

Andlinger & Company and CMS Mezzanine Acquire Seitz

On November 17, 2011, private equity firm Andlinger & Company and mezzanine finance firm CMS Mezzanine acquired plastics company Seitz from Core Business Credit

Acquisition Highlights
  • This is Andlinger & Company’s 1st and CMS Mezzanine’s 1st transaction in the Plastics sector.
  • This is Andlinger & Company’s 4th and CMS Mezzanine’s 5th transaction in the United States.
  • This is Andlinger & Company’s 1st and CMS Mezzanine’s 1st transaction in Connecticut.
Investment Fate
  • Seitz was sold to a strategic buyer in 2021.

M&A Deal Summary

Date 2011-11-17
Target Seitz
Sector Plastics
Buyer(s) Andlinger & Company
CMS Mezzanine
Sellers(s) Core Business Credit
Deal Type Divestiture
Advisor(s) BellMark Partners (Financial)

Target

Seitz

Torrington, Connecticut, United States
Seitz is an operator of plastic injection molding and custom product design and assembly company. The company is a value-injection molding and custom contract manufacturing partner to the world's most innovative and quality-conscious brands. Seitz was founded in 1949 and is based in Torrington, Connecticut.

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Buyer(S) 2

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 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 5 of 18
Sector: Plastics M&A 1 of 1
Type: Divestiture M&A Deals 1 of 2
State: Connecticut M&A 1 of 1
Country: United States M&A 4 of 6
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-24 Lapp Insulators co.

Leroy, New York, United States

Lapp Insulators co. LLC is a manufacturer and supplier of high-voltage insulators with a global sales and references in over 70 countries.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-01 Suspa

Altdorf, Germany

Suspa GmbH is a manufacturer of gas springs, dampers, crash, security and adjustment systems. Suspa provider of innovation-intensive development and system solutions for lifting, lowering, tilting and damping. Suspa was founded in 1951 and is based in Altdorf, Germany.

Buy -
DESCRIPTION

CMS Mezzanine is a private investment firm focused on providing mezzanine capital to support private equity sponsored buyouts and companies requiring growth capital, acquisition funding, liquidity for existing shareholders, or that are undergoing an ownership transition. CMS Mezzanine looks to invest $2 to $6 million per transaction in support of companies with at least $10 million of revenue. Areas of interest include manufacturing, business services, consumer products, valued-added distribution, IT services, and specialty retail. The Firm prefers companies headquartered in the Eastern US, but will consider opportunities across the US. CMS Mezzanine is based in Wynnewood, Pennsylvania.


DEAL STATS #
Overall 5 of 6
Sector: Plastics M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Connecticut M&A 1 of 1
Country: United States M&A 5 of 6
Year: 2011 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-06 Fortessa Tableware Solutions

Sterling, Virginia, United States

Fortessa Tableware Solutions is an integrated designer, developer, and marketer of quality tableware serving high-end hospitality and retail customers. It provides complete tabletop solutions to many of the finest and best-known properties in the world. Fortessa Tableware Solutions was founded in 1993 and is based in Sterling, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-18 BioPharm Communications

New Hope, Pennsylvania, United States

BioPharm Communications LLC is a communications agency that specializes in proprietary, multichannel marketing programs to physicians and healthcare practitioners for pharmaceutical and biotechnology clients.

Buy -

Seller(S) 1

SELLER

Core Business Credit

Dallas, Texas, United States

Category Company
Founded 2007
Sector Financial Services
DESCRIPTION

CORE Business Credit LLC (“CORE”), is a provider of asset-based lending business in US.


DEAL STATS #
Overall 1 of 1
Sector: Plastics M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Connecticut M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-07 Seitz

Torrington, Connecticut, United States

Seitz is an operator of plastic injection molding and custom product design and assembly company. The company is a value-injection molding and custom contract manufacturing partner to the world's most innovative and quality-conscious brands. Seitz was founded in 1949 and is based in Torrington, Connecticut.

Buy -