M&A Deal Summary

Panolam Surface Systems Acquires Nevamar Company

On March 1, 2006, Panolam Surface Systems acquired manufacturer Nevamar Company from Kohlberg & Company

Acquisition Highlights
  • This is Panolam Surface Systems’ 1st transaction in the Manufacturing sector.
  • This is Panolam Surface Systems’ 1st transaction in the United States.
  • This is Panolam Surface Systems’ 1st transaction in Maryland.

M&A Deal Summary
Date 2006-03-01
Target Nevamar Company
Sector Manufacturing
Buyer(s) Panolam Surface Systems
Sellers(s) Kohlberg & Company
Deal Type Add-on Acquisition

Target

Nevamar Company

Odenton, Maryland, United States
Nevamar manufactured a broad array of decorative laminates and panel products catering to the commercial and residential furniture, fixtures and cabinet markets, as well as laminated foam-based panels used in the graphic arts industry.

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Buyer(S) 1

Buyer

Panolam Surface Systems

Shelton, Connecticut, United States
Category Company
Founded 1997
Sector Building Materials
Employees1,042
DESCRIPTION

Panolam Surface Systems is a manufacturer of thermally fused melamine (TFM) panels and high-pressure laminates (HPL). TFM and HPL are used to manufacture kitchen and bath cabinetry, residential and commercial furniture, store fixtures and counter-tops. Panolam Industries International was founded in 1997 and is based in Shelton, Connecticut.

DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Maryland) 1 of 1
Country (United States) 1 of 1
Year (2006) 1 of 1

Seller(S) 1

SELLER

Kohlberg & Company

Mount Kisco, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 11.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kohlberg & Company is a private equity firm which acquires middle-market companies with consistent cash flow, and underperforming companies with operational deficiencies. Kohlberg looks to commit $100 to $500 million of equity capital in opportunities valued from $200 million to $2 billion. Kohlberg generally looks for opportunities in the manufacturing and service sectors, however the Firm will also selectively consider businesses in food and healthcare. Kohlberg tends not to consider technology or communications companies. Kohlberg & Company was formed in 1987 and has offices in Mt. Kisco, New York.

DEAL STATS #
Overall 8 of 47
Sector (Manufacturing) 1 of 3
Type (Add-on Acquisition) 5 of 18
State (Maryland) 1 of 1
Country (United States) 7 of 46
Year (2006) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-28 BI

Boulder, Colorado, United States

BI, Inc. is a provider of alternative to incarceration products offering the following services to federal, state, and local government agencies: Electronic Monitoring, Re-entry & Supervision Services, and the Intensive Supervision Appearance Program.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-08 Hot Stuff Foods

Sioux Falls, South Dakota, United States

Hot Stuff Foods, L.L.C. (“Hot Stuff”) is a provider of branded foodservice products to convenience stores and other foodservice outlets. The Company designed and installed in-store kitchens and service points for its customers at individual retail locations and distributed a broad line of food products for on-site preparation under long-term supply agreements.

Sell -
Mergr

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