M&A Deal Summary

Industrial Opportunity Partners Acquires Viaflex

On April 29, 2022, private equity firm Industrial Opportunity Partners acquired plastics company Viaflex from CNH Industrial for 350M USD

Acquisition Highlights
  • This is Industrial Opportunity Partners’ 1st transaction in the Plastics sector.
  • This is Industrial Opportunity Partners’ largest (disclosed) transaction.
  • This is Industrial Opportunity Partners’ 29th transaction in the United States.
  • This is Industrial Opportunity Partners’ 1st transaction in South Dakota.

M&A Deal Summary

Date 2022-04-29
Target Viaflex
Sector Plastics
Buyer(s) Industrial Opportunity Partners
Sellers(s) CNH Industrial
Deal Type Divestiture
Deal Value 350M USD

Target

Viaflex

Sioux Falls, South Dakota, United States
Viaflex is a manufacturer and supplier of highly engineered polymer films and sheeting to major markets throughout the United States and abroad. Viaflex is dedicated to developing targeted product solutions that solve precise application challenges integrating sustainable environmental design practices for long-range performance. Viaflex is based in Sioux Falls, South Dakota.

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Buyer(S) 1

Buyer

Industrial Opportunity Partners

Evanston, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Industrial Opportunity Partners is a private equity firm focused on acquiring and managing middle-market manufacturing and value-added distribution businesses. IOP looks to invest $15 to $100 million in companies with revenues between $50 and $500 million with an EBITDA of $5 to $50 million. Sectors of interest include building products, electronics, foundry, and casting products, precision machining, stamped and fabricated products, automotive components and steel/metal processing. IOP has a particular investment focus on enhancing the operations and optimizing the cost structures of businesses. Industrial Opportunity Partners was formed in 2005 and is based in Evanston, Illinois.


DEAL STATS #
Overall 31 of 32
Sector (Plastics) 1 of 1
Type (Divestiture) 5 of 5
State (South Dakota) 1 of 1
Country (United States) 29 of 30
Year (2022) 2 of 3
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-08 Midwest Paper Group

Combined Locks, Wisconsin, United States

Midwest Paper Group is a manufacturer and distributor of recycled containerboard, natural kraft & bleached packaging, and printing & writing grades. Midwest Paper was founded in 1889 and is based in Combined Locks, Wisconsin.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-17 N.B. Handy

Lynchburg, Virginia, United States

N.B. Handy is a building products distributor specializing in HVAC products, architectural metal roofing and machinery, with vertically integrated fabrication operations for select products. The Company has been in operation for over 130 years and serves the commercial and residential markets in the Southeast and Mid-Atlantic regions through its 21 locations in 6 states.

Buy -

Seller(S) 1

SELLER

CNH Industrial

London, United Kingdom

Category Company
Founded 1842
Sector Machinery
Employees40,220
Revenue 24.7B USD (2023)
DESCRIPTION

CNH Industrial is a diversified Italian-American manufacturer of machinery and equipment. CNH designs, produces, and sells agricultural equipment and construction equipment (Case and New Holland brand families), trucks, commercial vehicles, buses, and special vehicles (Iveco), in addition to powertrains for industrial and marine applications (FPT Industrial). CNH Industrial was founded in 1842 and is based in Basildon, England.


DEAL STATS #
Overall 1 of 1
Sector (Plastics) 1 of 1
Type (Divestiture) 1 of 1
State (South Dakota) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-02 NX9

United States

NX9 is a software suite specialized in delivering ISOBUS core technologies and applications for agricultural equipment and related intellectual property rights. NX9 is based in the United States.

Buy -