M&A Deal Summary

Aptyx Acquires Seitz

On November 16, 2021, Aptyx acquired plastics company Seitz from Andlinger & Company and CMS Mezzanine

Acquisition Highlights
  • This is Aptyx’s 1st transaction in the Plastics sector.
  • This is Aptyx’s 2nd transaction in the United States.
  • This is Aptyx’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2021-11-16
Target Seitz
Sector Plastics
Buyer(s) Aptyx
Sellers(s) Andlinger & Company
CMS Mezzanine
Deal Type Add-on Acquisition

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) 1

Buyer

Aptyx

Tempe, Arizona, United States
Category Company
Founded 1998
Sector Manufacturing
DESCRIPTION

Aptyx is a manufacturer of custom dip molded, dip-coated, and injection molded parts. MDI specializes in short run, small batch, custom molded products primarily for U.S.-based OEM customers in industrial, medical, and consumer end markets. Aptyx was founded in 1998 and is based in Tempe, Arizona.

DEAL STATS #
Overall 2 of 4
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Connecticut) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-12 MEDEFAB

Jaffrey, New Hampshire, United States

MEDEFAB is a full-service OEM manufacturer of plastic medical devices and components with a focus on single-use, procedure-based disposable devices. MEDEFAB’s customers include many major medical device companies. MEDEFAB offers manufacturing from a basic tube to a complete range of secondary operations, including injection molding, tube extrusion, assembly, pad printing, insert molding, over-molding, heat shrink marker bands, stainless-steel stylets, packaging, and sterilization.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-09 GlobalMed

Trenton, Ontario, Canada

GlobalMed is a pure‐play medical tubing and extrusion manufacturer of plastic extrusion expertise. GlobalMed currently serves medical device original equipment manufacturers (OEMs) in clinical areas such as anesthesia, respiratory, ventilation, surgical (smoke evacuation) and sleep apnea. GlobalMed is based in Trenton, Ontario.

Buy -

Seller(S) 2

SELLER

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 8 of 9
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 5 of 5
State (Connecticut) 1 of 1
Country (United States) 2 of 2
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-08 Eska

Sappemeer, Netherlands

Eska is a producer and specialist supplier of the graphics board for a.o. hardcover books, files, ring binders, games, displays, and luxury packaging. Eska was founded in 1879 and is based in Sappemeer, Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-06 Mesa Parts

Lenzkirch, Germany

Mesa Parts develops and produces ultra-precision turned parts and valves for the automotive industry and other sectors. Mesa Parts was founded in 1896 and is based in Lenzkirch, Germany.

Buy -
SELLER

CMS Mezzanine

Category Mezzanine Finance Firm
Founded 2008
Size Small
Type Sector Agnostic
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 4 of 4
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Connecticut) 1 of 1
Country (United States) 4 of 4
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-22 Skip Barber Racing School

Braselton, Georgia, United States

Skip Barber Racing School LLC is a road track racing school, offering programs such as a national race series, corporate events, original equipment manufacturer events, and racing and driving schools. Skip Barber Racing School LLC was founded in 1975 and is based in Braselton, Georgia.

Sell -
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