M&A Deal Summary

Citadel Plastics Holdings Acquires The Composites Group

On October 13, 2014, Citadel Plastics Holdings acquired building materials company The Composites Group from Highlander Partners

Acquisition Highlights
  • This is Citadel Plastics Holdings’ 1st transaction in the Building Materials sector.
  • This is Citadel Plastics Holdings’ 3rd transaction in the United States.
  • This is Citadel Plastics Holdings’ 1st transaction in Ohio.

M&A Deal Summary

Date 2014-10-13
Target The Composites Group
Sector Building Materials
Buyer(s) Citadel Plastics Holdings
Sellers(s) Highlander Partners
Deal Type Add-on Acquisition
Advisor(s) William Blair (Financial)

Target

The Composites Group

North Kingsville, Ohio, United States
The Composites Group provides a comprehensive portfolio of engineered composite compounds, including high-performance fiberglass and carbon fiber compounds, and parts supported by industry leading research and development capabilities. TCG sells its compounds and complete product solutions to a diverse set of customers across end markets that include aerospace, automotive, defense, electrical, energy, heavy machinery and recreation.

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Buyer(S) 1

Buyer

Citadel Plastics Holdings

West Chicago, Illinois, United States

Category Company
Founded 2007
Sector Plastics
DESCRIPTION

Citadel Plastics Holdings, Inc. is a composite plastics company that produces thermoset and thermoplastic compounds for specialty product applications in the automotive, electrical, construction, HVAC, and appliance markets.


DEAL STATS #
Overall 3 of 3
Sector: Building Materials M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
State: Ohio M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-09 Lucent Polymers

Evansville, Indiana, United States

Lucent Polymers, Inc. is a supplier of highly engineered compounds that leverages sustainable inputs and has differentiated itself in the U.S. compounding industry through its proven ability to formulate, source and utilize various low-cost feed streams to meet exacting specifications.

Buy -

Seller(S) 1

SELLER

Highlander Partners

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Highlander Partners LP is a private equity firm focuses on making both direct private equity and mezzanine investments in companies located in US and Europe. The firm seeks to target to invest in small and mid-size private companies with strong management teams, fundamentally strong operations and positive cash flows. HP looks to invest $10 to $50 million as an equity and $10 to $25 million in mezzanine financing in companies with revenues of $10 to $500 million and enterprise value up to $100 million. Specific areas of interest include manufacturing, food, healthcare products and services, and healthcare IT, retail and building materials. Types of transaction include buyouts, growth capital, divestitures, consolidation and recapitalization. Highlander Partners LP was formed in 2004 and is based in Dallas, Texas with additional office in Warszawa, Poland.


DEAL STATS #
Overall 8 of 31
Sector: Building Materials M&A 2 of 4
Type: Add-on Acquisition M&A Deals 5 of 20
State: Ohio M&A 1 of 1
Country: United States M&A 8 of 22
Year: 2014 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-03 Versatex Building Products

Aliquippa, Pennsylvania, United States

Versatex Building Products LLC is a manufacturer and supplier of cellular PVC building products. The company’s products include trimboards, sheets, cornerboards, beadboards, skirtboards, wraps, beaded profiles, soffit systems, molding profiles, and finishing products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-05 Popular Ink

McKinney, Texas, United States

Popular Ink LLC is a provider of custom printed flexible packaging for the consumer products market throughout the United States. Product capabilities include stick packs, single-serve liquid/gel packets and pouches, and single-serve dry powder packets. Popular Ink LLC is based in McKinney, Texas.

Buy -