M&A Deal Summary

Desco Capital Acquires Ludlow Composites

On December 31, 2012, corporate investor Desco Capital acquired plastics company Ludlow Composites

Acquisition Highlights
  • This is Desco Capital’s 1st transaction in the Plastics sector.
  • This is Desco Capital’s 3rd transaction in the United States.
  • This is Desco Capital’s 2nd transaction in Ohio.

M&A Deal Summary
Date 2012-12-31
Target Ludlow Composites
Sector Plastics
Buyer(s) Desco Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) P&M Corporate Finance LLC (Financial)

Target

Ludlow Composites

Fremont, Ohio, United States
Ludlow Composites is a manufacturer of PVC (vinyl) foams, SBR (synthetic) latex foam rubber, and latex foam rubber. Ludlow Composites specialize in both commodity-type foams and unique formulations to meet customer specifications. Ludlow Composites was founded in 1943 and is based in Fremont, Ohio.

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Buyer(S) 1

Buyer

Desco Capital

New Albany, Ohio, United States

Investor Investor Investor

Category Corporate Investor
Size Small
Type Sector Agnostic
DESCRIPTION

Desco Capital Partners (DCP) is a private investor group established to invest in US-based growth companies operating in a variety of industry sectors. Target investment situations include acquisitions, management buyouts, and growth capital financings. DCP will also consider distressed situations. DCP's investment horizon is three to seven years. The Firm will not invest in companies involved in oil & gas, real estate, retail sales or e-Commerce. DCP was formed in 1992 and is a unit of Desco Corporation. DCP is based in Columbus, Ohio.

DEAL STATS #
Overall 3 of 4
Sector (Plastics) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 3 of 4
State (Ohio) 2 of 2
Country (United States) 3 of 3
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-18 Mueller Electric

Akron, Ohio, United States

Mueller Electric is a manufacturer and distributor of products and assemblies used primarily in the electronic test & measurement markets. The company holds numerous patents on test clips and other devices. Mueller Electric has grown its business internally and by acquisition (J.S. Popper, Crane Connectors). Current products include clips, test leads, jacks, plugs, cable assemblies, terminals, connectors, and many varieties of custom products/assemblies. Mueller Electric was founded in 1908 and is based in Akron, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-09 Matting Technology

Granby, Quebec, Canada

Matting Technology is a manufacturer of vinyl-backed floor matting products, anti-fatigue mats and logo mats. Matting Technology is based in Granby, Quebec.

Buy -
Mergr

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