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  5. Michelman Acquires Ecronova Polymer

M&A Deal Summary

Michelman Acquires Ecronova Polymer

On July 9, 2013, Michelman acquired beverage company Ecronova Polymer from Aheim

Acquisition Highlights
  • This is Michelman’s 1st transaction in the Beverages sector.
  • This is Michelman’s 1st transaction in Germany.

M&A Deal Summary
Date 2013-07-09
Target Ecronova Polymer
Sector Beverages
Buyer(s) Michelman
Sellers(s) Aheim
Deal Type Add-on Acquisition

Target

Ecronova Polymer

Recklinghausen, Germany
Ecronova Polymer GmbH is engaged in the globally growing segment of water-based polymer dispersions. At its facility in Recklinghausen the company develops and produces styrene acrylic, vinyl acetate, pure acrylic emulsions and polyurethane dispersions. Its products are distributed all over Europe; among the customers are the leading German paints and lacquers companies.

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Buyer(S) 1

Buyer

Michelman

Cincinnati, Ohio, United States
Category Company
Founded 1949
Sector Chemicals
DESCRIPTION

Michelman is a global developer of water-based barrier and functional coatings for flexible film packaging, paperboard, and corrugated cartons; and water-based surface modifiers, additives and polymers for numerous industries including wood and floor care, industrial coatings, inks, fibers, composites, and construction products. Michelman serves its multinational and regional customers with production facilities in the U.S., Europe and Singapore, and a worldwide network of highly trained field technical support personnel.

DEAL STATS #
Overall 1 of 2
Sector: Beverages M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
Country: Germany M&A 1 of 1
Year: 2013 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-28 Supack International Pvt

Mumbai, India

Supack International Pvt Ltd. distributes chemicals.

Buy -

Seller(S) 1

SELLER

Aheim

Munich, Germany

Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 70M EUR
Size Small
Type Sector Agnostic
DESCRIPTION

Aheim Capital is a private equity firm focused on acquiring majority/minority stakes in mid-sized German businesses. The Firm looks for profitable companies with experienced management and an established customer base. Aheim will consider opportunities in a variety of industry sectors and looks to invest up to €10 million in transactions valued up to €75 million. Prospective investment situations include corporate successions, management buyouts, growth capital financings, private placements, and shareholder liquidity needs. Aheim Capital is based in Munich.

DEAL STATS #
Overall 2 of 7
Sector: Beverages M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 3
Country: Germany M&A 2 of 7
Year: 2013 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-26 Remy & Geiser

Anhausen, Germany

Remy & Geiser GmbH focused on the development, production and distribution of primary pharmaceutical packaging. The company offers a broad range of packaging systems made of plastic, glass and elastomers. Customers from the pharmaceutical and cosmetics industry as well as wholesale pharmacies are served.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-25 Aqua Vital

Neuss, Germany

Aqua Vital is specialized in manufacturing and distribution of commercial water dispensers all over Germany. Aqua Vital was founded in 1999 and is based in Neuss, Germany.

Sell -
Mergr

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