M&A Deal Summary

Mativ Holdings Acquires Tekra

On February 18, 2020, Mativ Holdings acquired distribution company Tekra from EIS for 155M USD

Acquisition Highlights
  • This is Mativ Holdings’ 1st transaction in the Distribution sector.
  • This is Mativ Holdings’ 5th largest (disclosed) transaction.
  • This is Mativ Holdings’ 4th transaction in the United States.
  • This is Mativ Holdings’ 1st transaction in Wisconsin.

M&A Deal Summary

Date 2020-02-18
Target Tekra
Sector Distribution
Buyer(s) Mativ Holdings
Sellers(s) EIS
Deal Type Divestiture
Deal Value 155M USD

Target

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.

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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 5 of 7
Sector (Distribution) 1 of 1
Type (Divestiture) 2 of 2
State (Wisconsin) 1 of 1
Country (United States) 4 of 5
Year (2020) 1 of 1
Size (of disclosed) 5 of 6
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-27 Scapa

Ashton-Under-Lyne, United Kingdom

Scapa is a global supplier of bonding solutions and manufacturer of adhesive-based products for the Healthcare and Industrial markets. Scapa has a global footprint, with production sites in Asia, Europe, and the US. Company worldwide service and supply chain capabilities place us in an excellent position to partner with global customers. Scapa is focused on sustainable growth and innovation, improving the solutions for customers by applying our knowledge and expertise in advanced material technology and process solutions. Scapa was founded in 1927 and is based in Ashton-Under-Lyne, the United Kingdom.

Buy £403M

Seller(S) 1

SELLER

EIS

Atlanta, Georgia, United States

Category Company
Founded 1946
Sector Distribution
DESCRIPTION
EIS' headquarters in Atlanta, Georgia.
EIS' headquarters in Atlanta, Georgia.

EIS is a distributor, fabricator, and converter of electrical process materials, wire, cable, and assemblies serving end-user segments in electrical power and related markets. It provides more than 100,000 products from 38 branches and four fabrication facilities to more than 20,000 customers across North America. EIS was founded in 1946 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 1 of 1
Sector (Distribution) 1 of 1
Type (Divestiture) 1 of 1
State (Wisconsin) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-05 Empire Wire & Supply

Rochester Hills, Michigan, United States

Empire Wire & Supply LLC is a distributor of network, electrical, automation and safety products, as well as, an innovative provider of custom cable assemblies. Empire Wire & Supply LLC was established in 1999 and is headquartered in Rochester Hills, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-02 Power Grid Supply

United States

Power Grid Supply is a provider of high-quality transformer parts and components for the production, repair, and remanufacturing of transformers.

Buy -