M&A Deal Summary

Neenah Acquires Fibermark

On July 20, 2015, Neenah acquired forest products company Fibermark from American Securities for 120M USD

Acquisition Highlights
  • This is Neenah’s 4th transaction in the Forest Products sector.
  • This is Neenah’s 3rd largest (disclosed) transaction.
  • This is Neenah’s 4th transaction in the United States.
  • This is Neenah’s 2nd transaction in Massachusetts.

M&A Deal Summary
Date 2015-07-20
Target Fibermark
Sector Forest Products
Buyer(s) Neenah
Sellers(s) American Securities
Deal Type Add-on Acquisition
Deal Value 120M USD

Target

Fibermark

West Springfield, Massachusetts, United States
Fibermark, Inc. is a coating and finishing paper company specializes in luxury packaging and overlapping technical product categories. Fibermark, Inc. is based in West Springfield, Massachusetts.

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Buyer(S) 1

Buyer

Neenah

Alpharetta, Georgia, United States
Category Company
Founded 2004
Sector Forest Products
Employees2,493
Revenue 1.0B USD (2021)
DESCRIPTION
Entrance to Neenah Paper's corporate headquarters in Alpharetta, Georgia.
Entrance to Neenah Paper's corporate headquarters in Alpharetta, Georgia.

Neenah is a specialty materials company specialized in performance substrates used for tapes, labels, and other products, and premium printing and packaging papers. Neenah is organized into two primary businesses: a specialty, performance-based, technical products business and a premium fine papers business. The Company's technical products business is an international producer of transportation and other filter media and durable, saturated, and coated substrates for industrial products backings and a variety of other end markets. Neenah's technical products manufacturing facilities are located in Munising, Michigan, near Munich and Frankfurt, Germany. Neenah's fine paper business is a supplier of premium writing, text and cover papers, bright papers, and specialty papers in North America. Neenah's premium writing, text, cover, and specialty papers are used in commercial printing and imaging applications for corporate identity packages, invitations, personal stationery, and corporate annual reports, as well as premium labels and luxury packaging. Neenah was founded in 2004 and is based in Alpharetta, Georgia.

DEAL STATS #
Overall 4 of 7
Sector (Forest Products) 4 of 5
Type (Add-on Acquisition) 1 of 4
State (Massachusetts) 2 of 2
Country (United States) 4 of 5
Year (2015) 1 of 1
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-05 Crane Technical Materials

Dalton, Massachusetts, United States

Crane Technical Materials, Inc. is a manufacturer of performance-oriented nonwoven materials constructed from glass, polymer, and natural fibers. Crane Technical Materials, Inc. is based in Dalton, Massachusetts.

Buy $72M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-11 W.A. Sanders Coldenhove Holding B.V.

Eerbeek, Netherlands

W.A. Sanders Coldenhove Holding B.V. is a specialty paper materials manufacturer based in the Netherlands, with a leading position in digital transfer media and other technical products.

Buy -

Seller(S) 1

SELLER

American Securities

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Securities is a large private equity firm that typically partners with management when pursuing company acquisitions. American Securities typically targets US-based companies and generally seeks to commit $300 to $700 million per transaction. Areas of interest include consumer products, restaurants, healthcare, industrial, aerospace, defense, agriculture, environmental, paper/packaging, energy, and specialty chemicals. The Firm was originally formed in 1947 as the family office for William Rosenwald, an heir to the Sears Roebuck & Company, and began accepting outside investors in 1994. American Securities is headquartered in New York City.

DEAL STATS #
Overall 28 of 51
Sector (Forest Products) 1 of 1
Type (Add-on Acquisition) 11 of 21
State (Massachusetts) 2 of 2
Country (United States) 27 of 50
Year (2015) 2 of 4
Size (of disclosed) 12 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-19 Royal Adhesives & Sealants

South Bend, Indiana, United States

Royal Adhesives & Sealants LLC is a producer of proprietary, high-performance adhesives and sealants. Royal offers a broad range of specialty formulated products designed to solve complex bonding, laminating and sealing applications across a diverse range of markets including aerospace and defense, construction, specialty packaging, automotive and industrial.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-28 Arizona Chemical

Jacksonville, Florida, United States

Arizona Chemical Co. LLC is a producer and refiner of pine chemicals. Its products are environmentally-friendly and are used in thousands of everyday products including fragrances, personal care items, plastics, household cleaners, adhesives, printing inks, decorative pains, tires and rubber products.

Sell $1.4B
Mergr

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