M&A Deal Summary

Clarion Technologies Acquires GTM Plastics

On October 9, 2017, Clarion Technologies acquired plastics company GTM Plastics

Acquisition Highlights
  • This is Clarion Technologies’ 1st transaction in the Plastics sector.
  • This is Clarion Technologies’ 1st transaction in the United States.
  • This is Clarion Technologies’ 1st transaction in Texas.

M&A Deal Summary
Date 2017-10-09
Target GTM Plastics
Sector Plastics
Buyer(s) Clarion Technologies
Deal Type Special Situations/Distressed

Target

GTM Plastics

Garland, Texas, United States
GTM was founded in 1964 as Garland Tooling & Machining Co. The company provides thermoplastic injection molding and tool making and contract manufacturing services and serves markets like HVAC, flow control valves, and sporting goods. GTM’s quality system is registered under the ISO 9001-2008 standard.

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Buyer(S) 1

Buyer

Clarion Technologies

Holland, Michigan, United States
Category Company
Founded 1988
Sector Plastics
Employees800
DESCRIPTION

Clarion Technologies, Inc. is a supplier of injection molded plastic parts to customers in three primary industries: consumer goods and appliances, automotive and office furniture. In each of these markets, Clarion aims to serve large customers with multi-year programs. Sales efforts in Clarion’s consumer and appliance are generally aimed at OEMs such as Frigidaire, Maytag, and American Yard Products.

DEAL STATS #
Overall 1 of 2
Sector (Plastics) 1 of 1
Type (Special Situations/Distressed) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 2
Year (2017) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-25 CNI Enterprises

Madison Heights, Michigan, United States

CNI Enterprises is a manufacturer of quality interior trim products for the automotive industry. CNI provides customers with various interior trim components specializing in seat backs, cut and sew, and small parts assembly.

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