M&A Deal Summary

PPC Industries Acquires Xeridiem Medical Devices

On September 2, 2016, PPC Industries acquired medical products company Xeridiem Medical Devices from Fenner Group Holdings for 11M USD

Acquisition Highlights
  • This is PPC Industries’ 2nd transaction in the Medical Products sector.
  • This is PPC Industries’ largest (disclosed) transaction.
  • This is PPC Industries’ 2nd transaction in the United States.
  • This is PPC Industries’ 1st transaction in Arizona.

M&A Deal Summary
Date 2016-09-02
Target Xeridiem Medical Devices
Sector Medical Products
Buyer(s) PPC Industries
Sellers(s) Fenner Group Holdings
Deal Type Divestiture
Deal Value 11M USD

Target

Xeridiem Medical Devices

Tucson, Arizona, United States
Xeridiem Medical Devices, Inc. is a manufacturer of minimally-invasive catheters and other single-use medical devices. Xeridiem Medical Devices, Inc. was established in 1985 and is headquartered in Tucson, Arizona.

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Buyer(S) 1

Buyer

PPC Industries

Pleasant Prairie, Wisconsin, United States
Category Company
Founded 1949
Sector Packaging
DESCRIPTION

PPC Industries, Inc. is an extruder and converter of plastic films, bags, and tubing. The Company's products benefit customers in the food, medical, and industrial markets.

DEAL STATS #
Overall 2 of 2
Sector (Medical Products) 2 of 2
Type (Divestiture) 1 of 1
State (Arizona) 1 of 1
Country (United States) 2 of 2
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-21 Kelpac Medical

Pleasant Prarie, Wisconsin, United States

Kelpac Medical is a provider of premier-quality medical device components with best-in-class expertise in thermoplastic tubing extrusions and flexible films, pouches and bags, including peelable top webs and forming films.

Buy -

Seller(S) 1

SELLER

Fenner Group Holdings

Hessle, United Kingdom
Category Company
Founded 1861
Sector Machinery
Revenue 729M GBP (2014)
DESCRIPTION

Fenner is a reinforced polymer technology company focused on providing conveyor belt solutions and reinforced polymer products for the mining and general industrial markets.

DEAL STATS #
Overall 3 of 3
Sector (Medical Products) 1 of 1
Type (Divestiture) 3 of 3
State (Arizona) 1 of 1
Country (United States) 3 of 3
Year (2016) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-02 Charter Medical

Winston-Salem, North Carolina, United States

Charter Medical Ltd. manufactures specialty single-use assemblies and Class I and Class II medical devices for the collection, processing, storage and filtration of biological and bioprocessing fluids. Charter also produces bio-containers and fluid management sets that serve a range of life science applications including biopharmaceutical manufacturing, cell therapy and cryogenic storage. Charter is a single site company based in Winston-Salem, North Carolina.

Buy $30M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-29 Revolution Drives

Lititz, Pennsylvania, United States

Revolution Drives, Inc. is a supplier of quality O.E.M. and custom designed belting products serving the power transmission, motion control, and conveying markets. Revolution Drives has provided design, engineering, manufacturing, and product expertise in belting, pulleys, rollers, and drive components for over twenty years.

Buy -
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