Add-on Acquisition • Automotive

Plasman Acquires Minghua USA

On October 12, 2021, Plasman acquired automotive company Minghua USA

Acquisition Context

This is Plasman’s 2nd transaction in the Automotive sector.
This is Plasman’s 3rd transaction in the United States.
This is Plasman’s 1st transaction in South Carolina.

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M&A Deal Summary
Date	October 12, 2021
Target	Minghua USA
Sector	Automotive
Buyer(s)	Plasman
Deal Type	Add-on Acquisition

Target Company

Minghua USA

Greer, South Carolina, United States

Minghua USA is a mold, paint, bonding, and assembly plant supplying the automotive industry with just-in-time assembly and sequencing capabilities. Minghua USA was founded in Greer, South Carolina.

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Buyer Overview 1

Buyer

Plasman

Oldcastle, Ontario, Canada

Category	Company
Founded	1978
Sector	Automotive
Employees	4,300

DESCRIPTION

Plasman is a designer and manufacturer of Class A exterior trim products and sub-systems to a variety of OEM and Tier 1 customers. Plasman offers fully integrated design, engineering, tooling, molding, finishing (painting and chroming), and assembly capabilities. Plasman was founded in 1978 and is based in Oldcastle, Ontario.

Deal Context for Buyer	#
Overall	4 of 4
Sector: Automotive	2 of 2
Type: Add-on Acquisition	2 of 2
State: South Carolina	1 of 1
Country: United States	3 of 3
Year: 2021	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2016-05-26	Plastal Industri AB Kungalv, Sweden Plastal Industri AB is a provider of engineered thermoplastic bumper modules, painted and unpainted exterior trim, and plastic parts serving both the passenger car and heavy commercial vehicle markets.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2016-05-26

Plastal Industri AB

Kungalv, Sweden

Plastal Industri AB is a provider of engineered thermoplastic bumper modules, painted and unpainted exterior trim, and plastic parts serving both the passenger car and heavy commercial vehicle markets.

Buy

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