M&A Deal Summary

Conros Acquires LePage s

On January 1, 2000, Conros acquired manufacturer LePage s from TJC and NewCastle Partners

Acquisition Highlights
  • This is Conros’ 1st transaction in the Manufacturing sector.
  • This is Conros’ 1st transaction in the United States.
  • This is Conros’ 1st transaction in Michigan.

M&A Deal Summary

Date 2000-01-01
Target LePage s
Sector Manufacturing
Buyer(s) Conros
Sellers(s) TJC
NewCastle Partners
Deal Type Add-on Acquisition

Target

LePage s

Romulus, Michigan, United States
LePage's, Inc. is a manufacturer of consumer pressure sensitive tape sold under private label. LePage’s also sells pressure sensitive tape under the “LePage’s” label, specialty tapes, adhesives and cements.

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Buyer(S) 1

Buyer

Conros

Toronto, Ontario, Canada

Category Company
Founded 1972
Sector Consumer Products
DESCRIPTION

Conros Corporation manufactures consumer products.


DEAL STATS #
Overall 1 of 1
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Michigan M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2000 M&A 1 of 1

Seller(S) 2

SELLER

TJC

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 14.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TJC is a private investment firm that specializes in acquiring North American middle-market businesses operating in basic industries. TJC specifically looks to provide liquidity for shareholders, raise capital for corporate growth and 'create significant equity opportunities for key management'. TJC will consider opportunities valued from $100 million to $2 billion in a wide variety of industries. Sectors of interest include aerospace/defense, automotive, building products, chemicals, consumer products, distribution, energy, financial services, healthcare, industrial products, insurance, metals, packaging, retail, transportation/logistics, and telecom. TJC was formerly known as The Jordan Company. The Firm was formed in 1982 and is based in New York City.


DEAL STATS #
Overall 4 of 61
Sector: Manufacturing M&A 2 of 11
Type: Add-on Acquisition M&A Deals 2 of 23
State: Michigan M&A 1 of 1
Country: United States M&A 4 of 59
Year: 2000 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-12-14 Jordan Telecommunications Products

Deerfield, Illinois, United States

Jordan Telecommunications Products, Inc. is a manufacturer of telecommunication equipment and supplies.

Sell $440M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-09-01 Comex Group

Lone Tree, Colorado, United States

Comex Group, Inc. engages in the manufacture and distribution of architectural paints and coatings in the North America.

Buy -
SELLER

NewCastle Partners

Greenwich, Connecticut, United States

Investor


Category Private Equity Firm
Founded 2001
Size Small
Type Sector Focused
DESCRIPTION

NewCastle Partners is an independent investment firm focused on acquiring smaller middle-market companies in partnership with management. The Firm targets profitable, US-based businesses with defensible market positions. Prospective companies generally have at least $2 million in EBITDA and generate sales of $10 to $50 million. Sectors of interest include niche manufacturing and specialty distribution. Target transactions include recapitalizations, buyouts, growth capital financings, and consolidations. NewCastle was formed in 2001 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 2 of 16
Sector: Manufacturing M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 10
State: Michigan M&A 1 of 1
Country: United States M&A 2 of 16
Year: 2000 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-08-05 PBT Brands

Hartford, Connecticut, United States

PBT Brands, Inc. is an automotive maintenance and repair chemical products and aircraft sealant products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-09-01 Comex Group

Lone Tree, Colorado, United States

Comex Group, Inc. engages in the manufacture and distribution of architectural paints and coatings in the North America.

Buy -