M&A Deal Summary

Mativ Holdings Acquires Conwed Plastics

On December 14, 2016, Mativ Holdings acquired plastics company Conwed Plastics from Jefferies Financial Group for 295M USD

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

M&A Deal Summary

Date 2016-12-14
Target Conwed Plastics
Sector Plastics
Buyer(s) Mativ Holdings
Sellers(s) Jefferies Financial Group
Deal Type Divestiture
Deal Value 295M USD

Target

Conwed Plastics

Minneapolis, Minnesota, United States
Conwed facility near the Company's Minneapolis corporate headquarters.
Conwed facility near the Company's Minneapolis corporate headquarters.
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.

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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 4 of 7
Sector (Plastics) 1 of 1
Type (Divestiture) 1 of 2
State (Minnesota) 1 of 1
Country (United States) 3 of 5
Year (2016) 1 of 1
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-22 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.

Buy $280M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-18 Tekra

New Berlin, Wisconsin, United States

Tekra Corp. is a manufacturer of high performance coated polymer films and a distributor to the industrial graphics market in North America. The company's line card includes chemical and scratch-resistant films, print receptive films, DuPont Teijin Polyester, 3M Adhesives and Tapes, Sabic Innovative Plastics Lexan Films and various polymer and tape products. It offers best in class products and tremendous expertise and technical support for the industrial, medical and optoelectrical markets. Tekra was formed in 1936 and is based in New Berlin, Wisconsin.

Buy $155M

Seller(S) 1

SELLER

Jefferies Financial Group

New York, New York, United States

Category Company
Founded 1962
Sector Financial Services
Employees7,611
Revenue 7.4B USD (2023)
DESCRIPTION

Jefferies Financial Group is a diversified holding company engaged through its consolidated subsidiaries in a variety of businesses, including investment banking and capital markets. Jefferies Financial Group was founded in 1962 and is based in New York City.


DEAL STATS #
Overall 3 of 6
Sector (Plastics) 1 of 1
Type (Divestiture) 3 of 6
State (Minnesota) 1 of 1
Country (United States) 3 of 6
Year (2016) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-10 ITG Investment Research

New York, New York, United States

ITG Investment Research LLC is a provider of big data analytics and research to institutional, corporate, private equity and venture capital clients, focused broadly on the consumer, technology, media and telecom and macro-economic sectors.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-09 National Beef Packing Company

Kansas City, Missouri, United States

National Beef Packing Company LLC is a beef processor. National Beef Packing processes and markets fresh beef, beef- and pork-based ready-to-eat meals, beef by-products and leather in the domestic and international markets. National Beef Packing Company LLC was established in 1992 and is based in Kansas City, Missouri.

Sell $2.3B