M&A Deal Summary

Mativ Holdings Acquires Argotec

On September 22, 2015, Mativ Holdings acquired manufacturer Argotec from Wind Point Partners and Antares Capital for 280M USD

Acquisition Highlights
  • This is Mativ Holdings’ 1st transaction in the Manufacturing sector.
  • This is Mativ Holdings’ 3rd largest (disclosed) transaction.
  • This is Mativ Holdings’ 2nd transaction in the United States.
  • This is Mativ Holdings’ 1st transaction in Massachusetts.

M&A Deal Summary

Date 2015-09-22
Target Argotec
Sector Manufacturing
Buyer(s) Mativ Holdings
Sellers(s) Wind Point Partners
Antares Capital
Deal Type Add-on Acquisition
Deal Value 280M USD

Target

Argotec

Greenfield, Massachusetts, United States
Argotec LLC is a manufacturer of thermoplastic polyurethane films used in a wide range of industries and market segments, including automotive paint protection, glass lamination, medical, graphics, textiles, and other industrial applications.

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Buyer(S) 1

Buyer

Mativ Holdings

Alpharetta, Georgia, United States

Category Company
Founded 1995
Sector Forest Products
Employees5,400
Revenue 2.0B USD (2023)
DESCRIPTION

Mativ Holdings is a diversified producer of premium specialty papers and the a supplier of fine papers to the tobacco industry. It also manufactures specialty papers for use in alkaline batteries, vacuum cleaner bags, overlay products, business forms and printing and packaging applications. Schweitzer-Mauduit and its subsidiaries conduct business in over 90 countries and employ 3,600 people worldwide, with operations in the United States, France, Brazil, Indonesia and Canada. Mativ Holdings was founded in 1995 and is based in Alpharetta, Georgia


DEAL STATS #
Overall 3 of 7
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (Massachusetts) 1 of 1
Country (United States) 2 of 5
Year (2015) 1 of 1
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-18 DelStar Technologies

Middletown, Delaware, United States

DelStar Technologies is a manufacturer of thermoplastic nets, nonwovens, laminates, and extruded components used in filtration, automotive, healthcare, industrial, food, electronics and textile markets.We combine extensive extrusion operations, proprietary processing techniques, unparalleled expertise and flexible customization services to produce a wide range of products that meet both our customers' needs and their market demands.

Buy $232M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-14 Conwed Plastics

Minneapolis, Minnesota, United States

Conwed Plastics LLC is a plastic netting manufacturer. Conwed has five manufacturing locations on two continents and a global distribution network. Conwed develops netting solutions to help customers improve their products in a wide range of industries.

Buy $295M

Seller(S) 2

SELLER

Wind Point Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Wind Point Partners is a private equity firm focused on acquisitions of mid-sized companies operating in the business services, consumer products, healthcare services, and industrial products sectors. Wind Point looks to invest $60 to $130 million in companies valued up to $500 million. Prospective transaction types include leveraged buyouts, recapitalizations, industry consolidations, and growth capital financings. Wind Point Partners began investing in 1984 and is based in Chicago.


DEAL STATS #
Overall 30 of 56
Sector (Manufacturing) 2 of 5
Type (Add-on Acquisition) 15 of 26
State (Massachusetts) 2 of 2
Country (United States) 29 of 51
Year (2015) 1 of 3
Size (of disclosed) 7 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-27 Gehl Foods

Germantown, Wisconsin, United States

Gehl Foods is a manufacturer of ready-to-serve, real dairy products like cheese sauces, puddings, yogurt, and dairy-based beverages. Gehl Foods was founded in 1896 and is based Germantown, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-26 Taylor-Wharton International

Minnetonka, Minnesota, United States

Taylor-Wharton International designs and manufacturers a comprehensive range of stationary bulk and portable cryogenic storage systems for gas and liquid applications.

Sell -
SELLER

Antares Capital

Miami, Florida, United States

Investor Investor


Category Private Equity Firm
Founded 1993
Size Small
Type Sector Agnostic
DESCRIPTION

Antares Capital is a private investment group that targets growth capital financings as well as management buyout opportunities. The Firm focuses on investments based in the Southeast US and Texas. Prospective companies generally have proven business models, modest capital requirements for growth, and operate in large and growing markets. The Firm looks to commit $500k to $5 million per investment. Antares will not invest in real estate, mineral exploration, distributors, franchisees, or project financings. Antares was founded in 1993 and is based in Miami, Florida.


DEAL STATS #
Overall 27 of 44
Sector (Manufacturing) 3 of 3
Type (Add-on Acquisition) 12 of 19
State (Massachusetts) 3 of 3
Country (United States) 26 of 43
Year (2015) 1 of 1
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-01 Arrowhead Engineered Products

Blaine, Minnesota, United States

Arrowhead Engineered Products is a specialty supplier and distributor of aftermarket replacement parts for a wide variety of equipment types across the outdoor power equipment, Powersports, agricultural, industrial and automotive industries. Arrowhead Engineered Products was founded in 1986 and is based in Blaine, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-16 G.E.T. Enterprises

Jersey Village, Texas, United States

G.E.T. Enterprises is a provider of premium-quality, creative alternative tabletop solutions to the foodservice industry. G.E.T. Enterprises was founded in 1984 and is based in Jersey Village, Texas.

Buy -