M&A Deal Summary

BAG Acquires Propex Foreign Holdings

On April 2, 2019, BAG acquired packaging company Propex Foreign Holdings from Propex Operating

Acquisition Highlights
  • This is BAG’s 1st transaction in the Packaging sector.
  • This is BAG’s 1st transaction in Mexico.

M&A Deal Summary

Date 2019-04-02
Target Propex Foreign Holdings
Sector Packaging
Buyer(s) BAG
Sellers(s) Propex Operating
Deal Type Divestiture

Target

Propex Foreign Holdings

Matehuala, Mexico
Propex Foreign Holdings is a producer of woven and non-woven polypropylene fabrics for Food and pharmaceutical companies transport product in these 1-2 ton FIBC bags that feature high Tensile Strength, UV-Ray Resistance, and Anti-microbial material in a variety of coatings, widths, and weights.

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Buyer(S) 1

Buyer

BAG

Richardson, Texas, United States

Category Company
Founded 1969
Sector Packaging
DESCRIPTION

BAG Corp. is a bulk handling and supply chain solutions provider structured with one mission in mind: Helping businesses manage all their bulk handling needs from one source. Bob Williamson, BAG Corp’s founder, pioneered the FIBC market, with a vision of becoming the best supplier of FIBCs in North America.


DEAL STATS #
Overall 1 of 1
Sector: Packaging M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Mexico M&A 1 of 1
Year: 2019 M&A 1 of 1

Seller(S) 1

SELLER

Propex Operating

Chattanooga, Tennessee, United States

Category Company
Founded 1884
Sector Furniture
DESCRIPTION

Propex Operating is a manufacturer of the primary carpet backing and secondary carpet backing. The Company is also a producer of woven and non-woven polypropylene fabrics for use in furniture, bedding, automotive, geotextile, and other industrial fabrics applications. Propex Operating was founded in 1884 and is based in Chattanooga, Tennessee.


DEAL STATS #
Overall 1 of 1
Sector: Packaging M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Mexico M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-06 Sika Services AG - Concrete Fibers business

Chattanooga, Tennessee, United States

Sika Services AG - Concrete Fibers business includes a US plant manufacturing synthetic fibers for use in concrete reinforcement.

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