M&A Deal Summary

Plasman Acquires Thermotech

On May 21, 2015, Plasman acquired chemicals company Thermotech from Pioneer Plastics

Acquisition Highlights
  • This is Plasman’s 1st transaction in the Chemicals sector.
  • This is Plasman’s 2nd transaction in the United States.
  • This is Plasman’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2015-05-21
Target Thermotech
Sector Chemicals
Buyer(s) Plasman
Sellers(s) Pioneer Plastics
Deal Type Divestiture

Target

Thermotech

Hopkins, Minnesota, United States
Thermotech, Inc. designs, engineers, and manufactures injection-molded electrical and mechanical components and assemblies primarily for the automotive, small engine, electronics, other industrial and consumer end markets.

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Buyer(S) 1

Buyer

Plasman

Windsor, Ontario, Canada
Category Company
Founded 1978
Sector Automotive
Employees4,300
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 Windsor, Ontario.

DEAL STATS #
Overall 2 of 4
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 2
State (Minnesota) 1 of 1
Country (United States) 2 of 3
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-21 A-Brite Plating Company

Cleveland, Ohio, United States

A-Brite Plating Company is a custom chrome plating company focused on plastic parts for automotive, appliance, plumbing, and other applications.

Buy -
FOLLOWING 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 -

Seller(S) 1

SELLER

Pioneer Plastics

Eagan, Minnesota, United States
Category Company
Founded 1985
Sector Plastics
DESCRIPTION
Pioneer Plastics' corporate headquarters in Eagan, Minnesota.
Pioneer Plastics' corporate headquarters in Eagan, Minnesota.

Pioneer Plastics, Inc. specializes in the design, engineering, manufacturing and fulfillment of plastic and related products offering business critical solutions to customers worldwide.

DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-27 Thermotech

Hopkins, Minnesota, United States

Thermotech, Inc. designs, engineers, and manufactures injection-molded electrical and mechanical components and assemblies primarily for the automotive, small engine, electronics, other industrial and consumer end markets.

Buy -
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