M&A Deal Summary

Avient Acquires Rutland Plastic Technologies

On June 8, 2017, Avient acquired plastics company Rutland Plastic Technologies from The Riverside Company

Acquisition Highlights
  • This is Avient’s 12th transaction in the Plastics sector.
  • This is Avient’s 11th transaction in the United States.
  • This is Avient’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2017-06-08
Target Rutland Plastic Technologies
Sector Plastics
Buyer(s) Avient
Sellers(s) The Riverside Company
Deal Type Add-on Acquisition

Target

Rutland Plastic Technologies

Pineville, North Carolina, United States
Rutland Plastic Technologies, Inc. is a designer and manufacturer of premium screen inks for the global textile industry and a supplier of plastic coatings for commercial and industrial applications, with operations in the United States, the United Kingdom, Peru and India.

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Buyer(S) 1

Buyer

Avient

Avon Lake, Ohio, United States

Category Company
Founded 1885
Sector Plastics
Employees9,300
Revenue 3.1B USD (2023)
DESCRIPTION

Avient is a provider of specialized polymer materials, services and solutions. Avient was incorporated in 1885 and is based in Avon Lake, Ohio.


DEAL STATS #
Overall 14 of 20
Sector (Plastics) 12 of 15
Type (Add-on Acquisition) 9 of 13
State (North Carolina) 1 of 1
Country (United States) 11 of 14
Year (2017) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-07 SilCoTec

La Porte, Indiana, United States

SilCoTec, Inc. is a manufacturer of silicone based color masterbatch concentrates. SilCoTec, Inc. was established in 1991 and is headquartered in La Porte, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-06 Mesa Industries

Phoenix, Arizona, United States

Mesa Industries, Inc. is a producer of color and additive materials and services. Mesa serves a diverse range of end markets including packaging, consumer products and outdoor equipment. Mesa Industries, Inc. was founded in 1990 and is headquartered in Phoenix, Arizona.

Buy -

Seller(S) 1

SELLER

The Riverside Company

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 120 of 191
Sector (Plastics) 2 of 3
Type (Add-on Acquisition) 48 of 82
State (North Carolina) 1 of 1
Country (United States) 85 of 133
Year (2017) 5 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-17 YourMembership.com

St. Petersburg, Florida, United States

YourMembership.com is a provider of software-as-a-service (SaaS-model) product that consists of two key components: a front-end online community and back-end membership software. The software provides a front-end where users access a customized member website and private online community to create member profiles, connect with other members, register for events, join groups, collaborate via blogs, wikis, forums, and other features. The organization’s administrators leverage the backend and access a secure system to manage member information, process dues and donations, conduct email marketing, manage events and conferences, create enterprise-level reports, gather business intelligence, and more.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-11 LILLEbaby

Boulder, Colorado, United States

LILLEbaby LLC is a provider of baby carriers that comfortably support the bond between parent and child. LILLEbaby is supported by a close community of parents that are excited about the company’s strong focus on innovation with products that have patented features to enhance safety and comfort. LILLEbaby was founded in 2002 and is based in Boulder, Colorado.

Buy -