M&A Deal Summary

Polypore International Acquires Microporous

On March 2, 2008, Polypore International acquired chemicals company Microporous from Industrial Growth Partners for 76M USD

Acquisition Highlights
  • This is Polypore International’s 1st transaction in the Chemicals sector.
  • This is Polypore International’s largest (disclosed) transaction.
  • This is Polypore International’s 1st transaction in the United States.
  • This is Polypore International’s 1st transaction in Tennessee.
Investment Fate
  • Microporous was divested to a consortium of buyers in 2013 for 120M USD.

M&A Deal Summary
Date 2008-03-02
Target Microporous
Sector Chemicals
Buyer(s) Polypore International
Sellers(s) Industrial Growth Partners
Deal Type Add-on Acquisition
Deal Value 76M USD

Target

Microporous

Piney Flats, Tennessee, United States
Microporous is a developer, manufacturer, and marketer of high-performance rubber, polyethylene (PE), and hybrid battery separators for flooded lead-acid batteries. Separators are a highly-engineered, mission-critical component of lead-acid batteries. Microporous was founded in 1934 and is based in Piney Flats, Tennessee.

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Buyer(S) 1

Buyer

Polypore International

Charlotte, North Carolina, United States
Category Company
Sector Machinery
Employees2,400
Revenue 658M USD (2014)
DESCRIPTION

Polypore International, Inc. is a global manufacturer of highly engineered filtration products used in the power storage, healthcare, electronics and specialty technology industries.

DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2008) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-19 Microporous

Piney Flats, Tennessee, United States

Microporous is a developer, manufacturer, and marketer of high-performance rubber, polyethylene (PE), and hybrid battery separators for flooded lead-acid batteries. Separators are a highly-engineered, mission-critical component of lead-acid batteries. Microporous was founded in 1934 and is based in Piney Flats, Tennessee.

Sell $120M

Seller(S) 1

SELLER

Industrial Growth Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 3.4B USD
Size Large
Type Sector Focused
DESCRIPTION

Industrial Growth Partners (IGP) is a private equity firm that invests in privately held, lower middle-market manufacturing and manufacturing services companies. Specific areas of interest include industrial components and equipment, electrical and electronic equipment, process instrumentation and controls, analytical instruments and measuring devices, filtration and pumps, specialty chemicals, plastics, and healthcare/safety equipment. Prospective transaction situations include management buyouts, leveraged buyouts, corporate divestitures, recapitalizations, management buy-ins, and growth capital financings. Target companies typically are profitable and have annual revenues up to $250 million. IGP was formed in 1997 and is based in San Francisco, California.

DEAL STATS #
Overall 8 of 33
Sector (Chemicals) 1 of 2
Type (Add-on Acquisition) 1 of 17
State (Tennessee) 1 of 4
Country (United States) 8 of 33
Year (2008) 1 of 3
Size (of disclosed) 11 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-06 Atlas Material Testing Technology

Mount Prospect, Illinois, United States

Atlas Material Testing Technology engages in weathering test equipment and services for the plastics & polymers, paints & coatings, commercial labs, automotive, textiles, building materials, pigments & stabilizers, cosmetics, and pharmaceutical industries, as well as a wide variety of other industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-21 CPP

Cleveland, Ohio, United States

CPP is an aerospace casting manufacturer and offers both sand and investment casting capabilities. The company specializes in producing complex, mission-critical components for a variety of leading commercial and military aircraft and regional/business jets, as well as industrial gas turbines. CPP was founded in 1991 and is based in Cleveland, Ohio.

Sell -
Mergr

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