M&A Deal Summary

Cambridge Acquires Thirstystone Resources

On September 13, 2013, Cambridge acquired consumer products company Thirstystone Resources from RAF Industries

Acquisition Highlights
  • This is Cambridge’s 1st transaction in the Consumer Products sector.
  • This is Cambridge’s 1st transaction in the United States.
  • This is Cambridge’s 1st transaction in Texas.

M&A Deal Summary

Date 2013-09-13
Target Thirstystone Resources
Sector Consumer Products
Buyer(s) Cambridge
Sellers(s) RAF Industries
Deal Type Add-on Acquisition

Target

Thirstystone Resources

Gainesville, Texas, United States
Thirstystone Resources designs, manufactures and distributes high quality proprietary gift items including Thirstystone coasters (produced from sandstone mined on company-owned/leased land), an extensive line of coasters made from other absorbable materials, as well as a broad line of other gift products.

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Buyer(S) 1

Buyer

Cambridge

Pine Brook, New Jersey, United States

Category Company
Founded 1990
Sector Consumer Products
DESCRIPTION

Cambridge engages in the design, manufacture, marketing, and supply of flatware, cutlery, and accessories. Cambridge was founded in 1990 and is based in Pine Brook, New Jersey.


DEAL STATS #
Overall 1 of 1
Sector: Consumer Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2013 M&A 1 of 1

Seller(S) 1

SELLER

RAF Industries

Bala Cynwyd, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1979
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

RAF Industries is a private investment group focused on acquiring manufacturing and service-oriented companies that produce both industrial and consumer products in the US. The company has a preference for businesses with strong management wishing to partner with RAF post-acquisition. For platform acquisitions, RAF generally looks for businesses with at least $5 million in cash-flow. The Firm targets businesses valued from $15 to $150 million. RAF Industries is particularly interested in the areas of building and DIY products, products, and services geared towards enhancing the elderly population's lifestyle, as well as products or services provided to high-end consumers. RAF Industries was formed in 1979 and is based in Bala Cynwyd, Pennsylvania.


DEAL STATS #
Overall 8 of 15
Sector: Consumer Products M&A 2 of 3
Type: Add-on Acquisition M&A Deals 4 of 9
State: Texas M&A 1 of 1
Country: United States M&A 8 of 15
Year: 2013 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-06 Spellbinders Paper Art

Phoenix, Arizona, United States

Spellbinders Paper Art is a provider in the arts and crafts industry. The company is focused on the paper crafting segment and is best known for its line of paper-cutting dies, folders, roller machines, and mixed media products. Spellbinders Paper Art was established in 2003 and is based in Phoenix, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-01 Disston Precision

Philadelphia, Pennsylvania, United States

Founded in 1865, Disston Precision manufactures highly specialized flat steel products, including valve discs and other replacement parts for compressors and pumps, industrial saw blades for cutting all types of ferrous and non-ferrous metals, and press plates for finishing fiber, plastic and rubber products.

Sell -