M&A Deal Summary

Isovolta AG Acquires Haysite Reinforced Plastics

On July 31, 2018, Isovolta AG acquired plastics company Haysite Reinforced Plastics from Industrial Group Holdings

Acquisition Highlights
  • This is Isovolta AG’s 1st transaction in the Plastics sector.
  • This is Isovolta AG’s 1st transaction in the United States.
  • This is Isovolta AG’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2018-07-31
Target Haysite Reinforced Plastics
Sector Plastics
Buyer(s) Isovolta AG
Sellers(s) Industrial Group Holdings
Deal Type Divestiture

Target

Haysite Reinforced Plastics

Erie, Pennsylvania, United States
Haysite Reinforced Plastics LLC manufactures and processes thermoset composite materials for high-temperature insulation, corrosion resistance, and lightweight structural support applications. Haysite Reinforced Plastics was founded in 1854 and is based in Erie, Pennsylvania.

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Buyer(S) 1

Buyer

Isovolta AG

Wiener Neudorf, Austria
Category Company
Founded 1949
Sector Electrical Equipment
DESCRIPTION

Isovolta AG is a manufacturer of electrical insulating materials, technical laminates, and composites. Isovolta was founded in 1949 and is based in Wiener Neudorf, Austria.

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 (2018) 1 of 1

Seller(S) 1

SELLER

Industrial Group Holdings

United States
Category Company
Founded 2014
Sector Manufacturing
DESCRIPTION

Industrial Group Holdings is a holding company that holds the following businesses Ehrhardt Tool & Machine, LLC, Haysite Reinforced Plastics, LLC, John Wood Company, LLC, Miether Bearing Products, LLC, Miller Chemical & Fertilizer, LLC, Modern Equipment Company, LLC, and Synthane-Taylor (Canada) Ltd. Industrial Group Holdings was founded in 2014 and is based in the United States.

DEAL STATS #
Overall 2 of 3
Sector (Plastics) 1 of 1
Type (Divestiture) 1 of 2
State (Pennsylvania) 1 of 1
Country (United States) 2 of 3
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-23 Coenen Mechanical

Appleton, Wisconsin, United States

Coenen Mechanical LLC is a provider of pressure vessels, metal fabrication, specialty piping, and field services. Coenen Mechanical is based in Appleton, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-30 Standard Locknut

Westfield, Indiana, United States

Standard Locknut is a manufacturer of specialized bearing accessories and also provides contract machining services. Standard Locknut was founded in 1948 and is based in Westfield, Indiana.

Sell -
Mergr

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