M&A Deal Summary

J. Rettenmaier & Söhne + Co KG Acquires Absorption

On March 14, 2013, J. Rettenmaier & Söhne + Co KG acquired chemicals company Absorption from Kinderhook Industries

Acquisition Highlights
  • This is J. Rettenmaier & Söhne + Co KG’s 1st transaction in the Chemicals sector.
  • This is J. Rettenmaier & Söhne + Co KG’s 1st transaction in the United States.
  • This is J. Rettenmaier & Söhne + Co KG’s 1st transaction in Washington.

M&A Deal Summary
Date 2013-03-14
Target Absorption
Sector Chemicals
Buyer(s) J. Rettenmaier & Söhne + Co KG
Sellers(s) Kinderhook Industries
Deal Type Add-on Acquisition
Advisor(s) Harris Williams & Co. (Financial)
Kirkland & Ellis (Legal)

Target

Absorption

Ferndale, Washington, United States
Absorption Corp. develops, manufactures and markets proprietary, cost-effective cellulose-based absorbent products for pets and industrial applications that are derived from waste wood cellulose (pulp), a by-product of the pulp and paper manufacturing process.

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Buyer(S) 1

Buyer

J. Rettenmaier & Söhne + Co KG

Rosenberg, Germany
Category Company
Founded 1878
Sector Chemicals
DESCRIPTION

JRS is a manufacturer of high-quality organic fibers, made from plant raw material, for use in a broad range of applications within the pet care, food, nutrition, pharmaceutical, chemicals and construction industries. JRS’ pet care offerings include pet litter and pet bedding products.

DEAL STATS #
Overall 1 of 2
Sector (Chemicals) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Washington) 1 of 1
Country (United States) 1 of 2
Year (2013) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-15 SunOpta - Fiber and Starch Business

United States

SunOpta - Fiber and Starch Business is a provider of rich carbohydrate food products.

Buy $38M

Seller(S) 1

SELLER

Kinderhook Industries

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kinderhook Industries targets control investments in companies valued between $25 to $250 million. Prospective transaction situations include acquiring non-core divisions of public companies, existing small capitalization companies lacking institutional support, management buyouts of entrepreneurial-owned businesses, and troubled companies. Sectors of interest include consumer products and services, media, packaging, industrial products, communications, and business services. Kinderhook Industries was formed in 2003 and is based in New York, New York.

DEAL STATS #
Overall 12 of 41
Sector (Chemicals) 1 of 1
Type (Add-on Acquisition) 10 of 33
State (Washington) 1 of 1
Country (United States) 11 of 40
Year (2013) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-07 IDQ Operating

Garland, Texas, United States

IDQ Operating, Inc. is a manufacturer of automotive A/C products for the “do-it-yourselfer” and professional service technician. IDQ offers a broad product line that includes value-added R-134a refrigerants to A/C tools and accessories, from one-step recharging and stop leak products to leak detection and lubricants.

Buy $305M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-04 QCSA Holdings

Eldridge, Iowa, United States

QCSA Holdings, Inc., through its brands, QCSA Direct, Crashed Toys and DVAA, is a remarketer of vehicles including commercial and industrial vehicles, cars, trucks, motorcycles, ATVs, RVs, boats and personal watercraft in the U.S. QCSA Direct is a provider of salvage vehicle auction and related services in the U.S. Salvage auctions act as an intermediary between salvage vehicle suppliers (primarily insurance companies) and salvage vehicle buyers (recyclers, dismantlers, rebuilders, scrap metal producers, etc.).

Sell -
Mergr

Product

Company

Legal