M&A Deal Summary

Cytec Engineered Materials Acquires Fiberite

On September 30, 1997, Cytec Engineered Materials acquired manufacturer Fiberite from Carlisle Enterprises, Cloquet Capital Partners and D2 Equity Capital

Acquisition Highlights
  • This is Cytec Engineered Materials’ 1st transaction in the Manufacturing sector.
  • This is Cytec Engineered Materials’ 1st transaction in the United States.
  • This is Cytec Engineered Materials’ 1st transaction in Arizona.

M&A Deal Summary

Date 1997-09-30
Target Fiberite
Sector Manufacturing
Buyer(s) Cytec Engineered Materials
Sellers(s) Carlisle Enterprises
Cloquet Capital Partners
D2 Equity Capital
Deal Type Add-on Acquisition

Target

Fiberite

Tempe, Arizona, United States
Fiberite is a manufacture of advanced composite materials. Applications include commercial and military aircraft structures and interiors, carbon/carbon brakes, commercial and military satellites, sporting goods, industrial products and medical products.

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Buyer(S) 1

Buyer

Cytec Engineered Materials

Tempe, Arizona, United States

Category Company
Founded 1993
Sector Chemicals
DESCRIPTION

Cytec Engineered Materials Inc engages in the specialty bonding adhesives and composite materials.


DEAL STATS #
Overall 1 of 1
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Arizona M&A 1 of 1
Country: United States M&A 1 of 1
Year: 1997 M&A 1 of 1

Seller(S) 3

SELLER

Carlisle Enterprises

San Diego, California, United States

Category Private Equity Firm
Founded 1990
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Carlisle Enterprises is a private equity firm focused on investing in companies providing products and services to industrial, commercial and consumer markets. Prospective transaction situations include recapitalizations, divestitures, consolidations, minority and growth financings. Carlisle prefers businesses located within the US. The Firm will consider both profitable companies and turnaround situations. Carlisle's target investment range is up to $100 million of equity capital. Carlisle is partnered with and relies on private equity firm Centre Partners to fund acquisitions. Carlisle Enterprises is based in San Diego, California.


DEAL STATS #
Overall 1 of 16
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 8
State: Arizona M&A 1 of 1
Country: United States M&A 1 of 15
Year: 1997 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-01-01 Kendro Laboratory Products

Asheville, North Carolina, United States

Kendro Laboratory Products is a provider of sample preparation solutions to the life science industry. Products include centrifuges, bioprocess separators, incubators, freezers, ovens and clean air equipment.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 Maverick Media

Westport, Connecticut, United States

Maverick Media owns and operates radio broadcasting stations in the small to medium-sized United States markets.

Buy -
SELLER

Cloquet Capital Partners

New Canaan, Connecticut, United States

Investor Investor Investor


Category Venture Capital Firm
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

Cloquet Capital Partners is a private investment firm focused on early to growth stage company investing. Areas of interest include IT services, value-added manufacturing, distribution, and business services. Cloquet looks to commit up to $5OOK per transaction. Cloquet Capital Partners was formed in 2003 and is based in New Canaan, Connecticut.


DEAL STATS #
Overall 1 of 13
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 8
State: Arizona M&A 1 of 1
Country: United States M&A 1 of 13
Year: 1997 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-03-01 Sovereign Specialty Chemicals

Chicago, Illinois, United States

Sovereign Specialty Chemicals Corporation was a consolidation of several brands of specialty chemicals. Sovereign was formed to build, through acquisition and internal growth, a worldwide provider of specialty chemical companies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-12-01 Pacer Propane Redmond

Redmond, Washington, United States

Pacer Propane Redmond has been providing propane delivery and service. Its main objective is to provide exceptional customer service, while maintaining consistently competitive pricing.

Sell -
SELLER
DESCRIPTION

D2 Equity Capital is a private investment firm focused on acquiring lower middle-market companies operating in traditional industries. The Firm seeks businesses with $10 to $50 million in revenue, principally located in the Southwestern US. Sectors of interest include manufacturing, distribution, and services. D2 Equity Capital was established in 2013 and is based in San Diego, California.


DEAL STATS #
Overall 1 of 5
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 3
State: Arizona M&A 1 of 1
Country: United States M&A 1 of 5
Year: 1997 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-01-01 Kendro Laboratory Products

Asheville, North Carolina, United States

Kendro Laboratory Products is a provider of sample preparation solutions to the life science industry. Products include centrifuges, bioprocess separators, incubators, freezers, ovens and clean air equipment.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-02-01 Benetech

Aurora, Illinois, United States

Benetech is a domestic supplier of dust management systems to the coal and electric utility industries. The company designs, manufactures, installs and maintains dust management equipment for its customers and provides the chemicals utilized by its equipment. Benetech was founded in 1983 and is based in Aurora, Illinois.

Buy -