M&A Deal Summary

Binani Industries Acquires 3B Fiberglass

On February 2, 2012, Binani Industries acquired plastics company 3B Fiberglass from Platinum Equity for 275M EUR

Acquisition Highlights
  • This is Binani Industries’ 2nd transaction in the Plastics sector.
  • This is Binani Industries’ 0th largest (disclosed) transaction.
  • This is Binani Industries’ 1st transaction in Belgium.

M&A Deal Summary
Date 2012-02-02
Target 3B Fiberglass
Sector Plastics
Buyer(s) Binani Industries
Sellers(s) Platinum Equity
Deal Type Add-on Acquisition
Deal Value 275M EUR

Target

3B Fiberglass

Battice, Belgium
3B manufactures and sells composite materials that are used to strengthen and lighten components and parts in the automotive, wind energy, electronics and consumer goods industries, among others.

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Buyer(S) 1

Buyer

Binani Industries

Mumbai, India
Category Company
Founded 1872
Sector Building Materials
Employees12
Revenue 15M INR (2023)
DESCRIPTION

Binani Industries is a fast growing, multidimensional business conglomerate with sales, manufacturing, R&D operations spread in Asia, Europe, Middle East and North America. It’s diversified businesses deliver products, solutions and information services for industries spanning cement, glass fibre, composites, zinc, construction, and energy. Binani Industries was incorporated in 1872 and is headquartered in Mumbai, India.

DEAL STATS #
Overall 2 of 2
Sector (Plastics) 2 of 2
Type (Add-on Acquisition) 2 of 2
Country (Belgium) 1 of 1
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-27 CPI Binani

Winona, Minnesota, United States

CPI Binani, Inc. is a producer of direct long-fiber thermoplastics (D-LFT) products, serving the marine, automotive, packaging and other industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-20 CPI Binani

Winona, Minnesota, United States

CPI Binani, Inc. is a producer of direct long-fiber thermoplastics (D-LFT) products, serving the marine, automotive, packaging and other industries.

Sell $15M

Seller(S) 1

SELLER

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 48.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Platinum Equity's headquarters in Beverly Hills, California.
Platinum Equity's headquarters in Beverly Hills, California.

Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.

DEAL STATS #
Overall 20 of 78
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 12 of 39
Country (Belgium) 1 of 1
Year (2012) 2 of 4
Size (of disclosed) 11 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-31 Canvas Systems

Norcross, Georgia, United States

Canvas Systems is an independent supplier of IT hardware and services with operating units in the United States, the United Kingdom and the Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-03 Geesinknorba Group B.V.

Emmeloord, Netherlands

Geesinknorba Group B.V. is a manufacturer of refuse collection vehicles, portable and static compactors. Geesinknorba was founded in 1874 and is based in Emmeloord, Netherlands.

Sell -
Mergr

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