M&A Deal Summary

Hemp Acquires American Sustainable Rubber

On November 24, 2021, Hemp acquired chemicals company American Sustainable Rubber from United American Healthcare

Acquisition Highlights
  • This is Hemp’s 1st transaction in the Chemicals sector.
  • This is Hemp’s 3rd transaction in the United States.

M&A Deal Summary

Date 2021-11-24
Target American Sustainable Rubber
Sector Chemicals
Buyer(s) Hemp
Sellers(s) United American Healthcare
Deal Type Divestiture

Target

American Sustainable Rubber

United States
American Sustainable Rubber is a producer of natural rubber on a large scale by using the genetically modified root of the dandelion plant.

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Buyer(S) 1

Buyer

Hemp

Las Vegas, Nevada, United States

Category Company
Founded 2008
Sector Healthcare Services
Revenue 2M USD (2018)
DESCRIPTION

Hemp focuses on the vast market created by the quickly emerging, and growing, multibillion dollar industrial hemp industry. Hemp was founded in 2008 and is based in Las Vegas, Nevada.


DEAL STATS #
Overall 3 of 3
Sector: Chemicals M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 3 of 3
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-14 Ferris

Las Vegas, Nevada, United States

Ferris is a manufacturer and co-packer that provides cost savings and increased revenue of products developed, manufactured, and co-packed by Ferris. The company has been the manufacturer of the King of Hemp smokable product line for Hemp Inc. With consistent stellar health department ratings and innovative manufacturing processes that increase quality while decreasing loss, Ferris is a highly respected manufacturer. Ferris was formed in 2005 and is based in Las Vegas, Nevada.

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Seller(S) 1

SELLER

United American Healthcare

Chicago, Illinois, United States

Category Company
Founded 1983
Sector Healthcare Services
DESCRIPTION

United American Healthcare Corporation, through its subsidiary, Pulse Systems, LLC, provides contract manufacturing services to the medical device industry. The company supplies precision components to customers developing products for use in a range of medical specialties, including cardiology, neurology, orthopedics, gynecology, ophthalmology, and urology. Components produced by the company are used in medical device applications, such as cardiovascular stents, heart valve replacements, arterial wound closures, spinal repairs, breast biopsies, and brain aneurysm repairs.


DEAL STATS #
Overall 1 of 1
Sector: Chemicals M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-18 Pulse Systems

Concord, California, United States

Pulse Systems is a contract manufacturer of medical-devices and components for minimally invasive surgery. The components are micro-cut from small metal tubes by means of laser technology, then incorporated into stents, catheters, suturing devices, cannulas and instruments used in by-pass surgery.

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