M&A Deal Summary

Prysmian Acquires Channell

On March 25, 2025, Prysmian acquired plastics company Channell for 950M USD

Acquisition Highlights
  • This is Prysmian’s 1st transaction in the Plastics sector.
  • This is Prysmian’s 3rd largest (disclosed) transaction.
  • This is Prysmian’s 4th transaction in the United States.
  • This is Prysmian’s 3rd transaction in Texas.

M&A Deal Summary

Date 2025-03-25
Target Channell
Sector Plastics
Buyer(s) Prysmian
Deal Type Add-on Acquisition
Deal Value 950M USD
Advisor(s) Goldman Sachs (Financial)
DLA Piper (Legal)

Target

Channell

Rockwall, Texas, United States
Channell is a manufacturer of thermoplastic enclosures and fiber management solutions. Channell was founded in 1922 and is based in Rockwall, Texas.

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Buyer(S) 1

Buyer

Prysmian

Milan, Italy

Category Company
Founded 1879
Sector Technology Hardware
Employees34,060
Revenue 17.0B EUR (2024)
DESCRIPTION

Prysmian manufactures and supplies cables and systems for energy and telecommunications, serving utilities, grid operators, industrial clients, and telecom providers worldwide. Prysmian was founded in 1879 and is based in Milan, Italy.


DEAL STATS #
Overall 9 of 9
Sector: Plastics M&A 1 of 1
Type: Add-on Acquisition M&A Deals 7 of 7
State: Texas M&A 3 of 3
Country: United States M&A 4 of 4
Year: 2025 M&A 1 of 1
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-15 Encore Wire

Mckinney, Texas, United States

Encore Wire is a manufacturer of a broad range of electrical building wire for interior wiring in commercial and industrial buildings, homes, apartments, and manufactured housing. Encore Wire was founded in 1989 and is based in Mckinney, Texas.

Buy $3.9B