M&A Deal Summary

Georg Fischer Acquires Harvel Plastics

On December 1, 2011, Georg Fischer acquired plastics company Harvel Plastics from Detrex for 50M USD

Acquisition Highlights
  • This is Georg Fischer’s 1st transaction in the Plastics sector.
  • This is Georg Fischer’s largest (disclosed) transaction.
  • This is Georg Fischer’s 1st transaction in the United States.
  • This is Georg Fischer’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2011-12-01
Target Harvel Plastics
Sector Plastics
Buyer(s) Georg Fischer
Sellers(s) Detrex
Deal Type Divestiture
Deal Value 50M USD

Target

Harvel Plastics

Easton, Pennsylvania, United States
Harvel Plastics is a supplier in the North American market of polyvinyl and chlorinated polyvinyl pipes for industrial applications. The Company’s products are mainly used in water treatment and chemical processes. Harvel Plastics has two manufacturing facilities, located in Easton, Pennsylvania and Bakersfield, California.

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Buyer(S) 1

Buyer

Georg Fischer

Schaffhausen, Switzerland
Category Company
Founded 1802
Sector Manufacturing
Employees14,000
DESCRIPTION

GF is a partner for the safe transport of liquids and gases, lightweight casting components, and high-precision manufacturing technologies. GF comprises three Divisions: GF Piping Systems is a flow solutions provider for the safe and sustainable transport of water and fluids. GF Casting Solutions is a solution provider of lightweight components for energy industries and the automotive industry. GF Machining Solutions is a provider of complete solutions for the tool and mold making industry and manufacturers of precision components.

DEAL STATS #
Overall 1 of 9
Sector (Plastics) 1 of 2
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 4
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-22 IPP

Dallas, Texas, United States

IPP focuses on the fabrication of large diameter polyethylene (PE) fittings. The Company was founded in 1996 and is based in Dallas, Texas.

Buy -

Seller(S) 1

SELLER

Detrex

Cleveland, Ohio, United States
Category Company
Founded 1920
Sector Chemicals
Employees65
Revenue 37.5B USD (2016)
DESCRIPTION

Detrex Corp. is a manufacturer of specialty chemicals serving three distinct business areas; namely additives for industrial petroleum products, high purity hydrochloric acid for the semiconductor industry, and specialty chemicals.

DEAL STATS #
Overall 1 of 1
Sector (Plastics) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

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