M&A Deal Summary

Clayens Group Acquires Parkway Products

On April 11, 2023, Clayens Group acquired plastics company Parkway Products from Heartwood Partners

Acquisition Highlights
  • This is Clayens Group’s 1st transaction in the Plastics sector.
  • This is Clayens Group’s 1st transaction in the United States.
  • This is Clayens Group’s 1st transaction in South Carolina.

M&A Deal Summary

Date 2023-04-11
Target Parkway Products
Sector Plastics
Buyer(s) Clayens Group
Sellers(s) Heartwood Partners
Deal Type Add-on Acquisition

Target

Parkway Products

Greenville, South Carolina, United States
Parkway Products is a supplier of custom plastic and magnesium molded parts to the automotive, aerospace, medical and industrial markets. Parkway Products was founded in 1946 and is based in Greenville, South Carolina.

Search 201,771 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Clayens Group

Genas, France

Category Company
Founded 1931
Sector Manufacturing
DESCRIPTION

Clayens Group is focused on processing polymers, composites, and precision metal parts. It collaborates with customers worldwide to provide them with the products and services they need across a wide range of industries: aeronautics, automotive, healthcare, electronics, construction, household goods, sports, and leisure products. Clayens Group operates industrial sites in Germany, Eastern Europe, North Africa, and Mexico, with foreign subsidiaries providing specific services to customers close to their assembly facilities. Its expertise is focused on four main technologies: thermoplastics, thermoset forming, metal engineering, and electronics. The group R&D teams provide innovative technologies, often working in partnerships with our customers and third-party companies on the latest processing and design applications. Clayens Group was founded in 1931 and is based in Genas, France.


DEAL STATS #
Overall 1 of 1
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (South Carolina) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1

Seller(S) 1

SELLER

Heartwood Partners

Norwalk, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Heartwood Partners is a private equity firm focused on partnerships with middle-market companies across the US. The Firm prefers to invest in family owned and managed companies where it can leverage strategic resources for long-term growth. Target companies are typically profitable with $5 to $30 million of EBITDA with up to $400 million in revenue. Sectors of interest include agriculture, automotive, consumer products, distribution, food, industrial services, niche manufacturing, packaging, and chemicals. Heartwood Partners was formed in 1982 and is headquartered in Norwalk, Connecticut.


DEAL STATS #
Overall 19 of 21
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 7 of 8
State (South Carolina) 1 of 1
Country (United States) 19 of 21
Year (2023) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-27 NativeSeed

Carpinteria, California, United States

NativeSeed is a provider of native seeds and erosion control products used in land reclamation and conservation, as well as various construction, commercial, and consumer applications. The Company goes to market under various brands, including Granite Seed, S&S Seeds, and Pacific Coast Seed, among others, each of which provides native seeds to a diverse group of landowners, energy companies, state & federal agencies, environmental engineers, and contractors, with a particularly strong presence throughout the Western U.S. Additional brands such as Kamprath Seed and Bruce Seed serve the agriculture market with cover crop seed blends to assist in pollination and soil health. Its Nature’s Seed brand sells flower, turf, hunting, and grazing seed blends to homeowners, hobby farmers, and smaller rural landowners throughout the United States. NativeSeed is based in Carpinteria, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-26 Somafina Nutraceutical Builders

Atlanta, Georgia, United States

Somafina Nutraceutical Builders is a full-service nutraceutical manufacturer and brand builder dedicated to science-based production of the latest natural supplements. Somafina Nutraceutical Builders is based in Atlanta, Georgia.

Buy -