M&A Deal Summary

Huron Capital and Bloomer Plastics Acquire Optimum Plastics

On October 20, 2014, private equity firm Huron Capital and Bloomer Plastics acquired plastics company Optimum Plastics

Acquisition Highlights
  • This is Huron Capital’s 2nd and Bloomer Plastics’ 1st transaction in the Plastics sector.
  • This is Huron Capital’s 33rd and Bloomer Plastics’ 1st transaction in the United States.
  • This is Huron Capital’s 1st and Bloomer Plastics’ 1st transaction in Ohio.

M&A Deal Summary
Date 2014-10-20
Target Optimum Plastics
Sector Plastics
Buyer(s) Huron Capital
Bloomer Plastics
Deal Type Add-on Acquisition

Target

Optimum Plastics

Delaware, Ohio, United States
Optimum Plastics is a manufacturers of multilayer blown film and bag structures for some of the most demanding applications in the world. Optimum Plastics was founded in 1996 and is based in Delaware, Ohio.

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Buyer(S) 2

Buyer

Huron Capital

Detroit, Michigan, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Huron Capital Partners is a private equity firm that seeks to acquire or recapitalize niche manufacturers, value-added distributors and specialty service companies. Prospective transaction situations include management buyouts, corporate spin-offs, recapitalizations, family successions and consolidations. Huron prefers opportunities located in the US and Canada. Target companies typically have revenues between $20 and $200 million and EBITDA of at least $5 million. Huron can commit up to $10 million and $50 million of equity capital per transaction. Huron Capital Partners was formed in 1999 and has offices in Detroit, Michigan and Ontario, Canada.

DEAL STATS #
Overall 36 of 62
Sector (Plastics) 2 of 2
Type (Add-on Acquisition) 1 of 2
State (Ohio) 1 of 1
Country (United States) 33 of 59
Year (2014) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-10 OneTouchPoint

Hartland, Wisconsin, United States

OneTouchPoint provides print and document services that include digital document management, data exchange between OTP and its customers, just-in-time production and delivery, variable data printing, document hosting, and customized print solutions. OneTouchPoint was founded in 2007 and is based in Hartland, Wisconsin.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Maple Leaf Automotive

Mississauga, Ontario, Canada

Maple Leaf Automotive, Inc. is a manufacturer of original equipment quality replacement parts for the automotive aftermarket. Maple Leaf combines vehicle specific formulations and an advanced manufacturing process to produce world-class vehicle replacement parts with superior performance characteristics.

Sell -
Buyer

Bloomer Plastics

Bloomer, Wisconsin, United States
Category Company
Founded 1971
Sector Plastics
DESCRIPTION

Bloomer Plastics, Inc. is a manufacturer of custom cast embossed and blown film structures across a range of end markets.

DEAL STATS #
Overall 1 of 1
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
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