M&A Deal Summary

Novares Acquires Key Plastics

On October 10, 2016, Novares acquired plastics company Key Plastics from Wayzata Investment Partners

Acquisition Highlights
  • This is Novares’ 1st transaction in the Plastics sector.
  • This is Novares’ 1st transaction in the United States.
  • This is Novares’ 1st transaction in Michigan.

M&A Deal Summary
Date 2016-10-10
Target Key Plastics
Sector Plastics
Buyer(s) Novares
Sellers(s) Wayzata Investment Partners
Deal Type Add-on Acquisition

Target

Key Plastics

Livonia, Michigan, United States
Key Plastics LLC is a manufacturer of automotive interior, exterior, and under-the-hood plastic components. Key Plastics was founded in 1986 and is based in Livonia, Michigan.

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Buyer(S) 1

Buyer

Novares

Clamart, France
Category Company
Founded 1955
Sector Automotive
Employees6,000
Revenue 700M EUR (2015)
DESCRIPTION

Novares is a global supplier of plastic components for the automotive industry. Novares designs, develops and manufactures passenger vehicle interiors, exteriors and engine parts, such as air intake components, bezels for control panels and roof/interior trims.

DEAL STATS #
Overall 1 of 1
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1

Seller(S) 1

SELLER

Wayzata Investment Partners

Plymouth, Minnesota, United States

Investor

Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Wayzata Investment Partners is a private equity group focused on acquiring controlling interests in companies through distressed debt investing. The Firm targets companies valued between $100 million and $1 billion. Wayzata was formed in 2004 and is based in Wayzata, Minnesota.

DEAL STATS #
Overall 17 of 22
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 10 of 12
State (Michigan) 2 of 3
Country (United States) 17 of 22
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-23 Arrow Group Industries

Breese, Illinois, United States

Arrow Group Industries, Inc. is a maker of outdoor steel storage solutions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-27 Lazydays

Tampa, Florida, United States

Lazydays is an operator of a recreational vehicle company located on 126 acres outside Tampa, FL and also has regional dealerships in Tucson, AZ, and Loveland, Denver, and Longmont, CO. Lazydays has the largest selection of RV brands in the nation featuring more than 2,500 new and pre-owned RVs. Lazydays was founded in 1976 and is based in Tampa, Florida.

Sell -
Mergr

Product

Company

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