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  6. Fulida Group Holding Co. Acquires Neucel Specialty Cellulose

M&A Deal Summary

Fulida Group Holding Co. Acquires Neucel Specialty Cellulose

On February 4, 2011, Fulida Group Holding Co. acquired forest products company Neucel Specialty Cellulose from Wellspring Capital Management

Acquisition Highlights
  • This is Fulida Group Holding Co.’s 1st transaction in the Forest Products sector.
  • This is Fulida Group Holding Co.’s 1st transaction in Canada.
  • This is Fulida Group Holding Co.’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2011-02-04
Target Neucel Specialty Cellulose
Sector Forest Products
Buyer(s) Fulida Group Holding Co.
Sellers(s) Wellspring Capital Management
Deal Type Add-on Acquisition

Target

Neucel Specialty Cellulose

Vancouver, British Columbia, Canada
Neucel has the capacity to produce 160,000 tons of dissolving wood pulp per year. Dissolving wood pulp is an intermediate specialty chemical product offered in a range of grades and used for a variety of end products, including fabrics such as rayon and artificial silk, pharmaceuticals, cosmetics, adhesives, varnishes, cigarette filters, explosives, sausage casings and other cellulose-based, non-paper products. Neucel is uniquely positioned to provide product to its customers with high quality fibers and superior characteristics for specialty grades of dissolving wood pulp used in performance-critical applications.

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Buyer(S) 1

Buyer

Fulida Group Holding Co.

Hangzhou, China
Category Company
Sector Apparel/Textiles
DESCRIPTION

Fulida Group Holding Co., Ltd. operates as a textile company.

DEAL STATS #
Overall 1 of 1
Sector: Forest Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: British Columbia M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2011 M&A 1 of 1

Seller(S) 1

SELLER

Wellspring Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Wellspring Capital Management is a mega-sized private equity firm that focused on a variety of transaction situations. The Firm will consider buyouts of private companies, acquisitions of divisions or subsidiaries of public companies, shareholder liquidity needs, partnering with entrepreneurs for growth opportunities, and special situations. Wellspring does not have any sector preferences and is capable of pursuing transactions valued up to $1 billion. Wellspring Capital Management was formed in 1995 and is based in New York City.

DEAL STATS #
Overall 13 of 37
Sector: Forest Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 8 of 12
State: British Columbia M&A 1 of 1
Country: Canada M&A 3 of 3
Year: 2011 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-27 OMNI Energy Services

Carencro, Louisiana, United States

OMNI Energy Services Corp., headquartered in Carencro, Louisiana, offers a broad range of integrated services to geophysical companies engaged in the acquisition of on-shore seismic data and to oil and gas companies operating primarily in the Gulf of Mexico. The Company provides its services through three business segments: Environmental Services, Seismic Services (including drilling, surveying and permitting services) and Equipment Rental.

Buy $133M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-18 Crosman

Bloomfield, New York, United States

Crosman Corp. is a manufacturer of airguns and accessories. Crosman offers a complete line of airguns, paintball guns, slingshots, targets, and other accessories under the brand names of Crosman, Benjamin, Sheridan, and Copperhead. Crosman was established in 1923 and is based in Bloomfield, New York.

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