Add-on Acquisition • Building Materials

Sangetsu Acquires Koroseal Interior Products

On November 15, 2016, Sangetsu acquired building materials company Koroseal Interior Products from Peak Rock Capital

Acquisition Context
  • This is Sangetsu’s 1st transaction in the Building Materials sector.
  • This is Sangetsu’s 1st transaction in the United States.
  • This is Sangetsu’s 1st transaction in Ohio.

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M&A Deal Summary

Date November 15, 2016
Target Koroseal Interior Products
Sector Building Materials
Buyer(s) Sangetsu
Sellers(s) Peak Rock Capital
Deal Type Add-on Acquisition
Advisor(s) Baird (Financial)
Kirkland & Ellis (Legal)

Target Company

Koroseal Interior Products

Fairlawn, Ohio, United States
Koroseal Interior Products, LLC is a manufacturer and distributor of custom interior products, sold globally through a dedicated in‐house distribution network. The Company’s core product portfolio includes commercial wallcoverings, wall protection systems and dry‐eraseable wallcoverings in addition to an expanding line of related interior finishes.
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Buyer Overview 1

Buyer

Sangetsu

Nagoya, Japan

Category Company
Founded 1849
Sector Building Materials
Employees3,001
Revenue 200.4B JPY (2025)
DESCRIPTION

Sangetsu is a manufacturer and marketer of Interior decorating products, including wallcoverings, flooring materials, curtains, and upholstery. Sangetsu was founded in 1849 and is based in Nagoya, Japan.


Deal Context for Buyer #
Overall 1 of 1
Sector: Building Materials 1 of 1
Type: Add-on Acquisition 1 of 1
State: Ohio 1 of 1
Country: United States 1 of 1
Year: 2016 1 of 1

Seller Profile 1

SELLER

Peak Rock Capital

Austin, Texas, United States

Category Private Equity Firm
Founded 2012
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Peak Rock Capital is a generalist private equity firm that makes debt and equity investments in middle-market companies. The Firm targets businesses with $50 million to $1 billion in revenue and can commit up to $500 million per transaction. Sectors of interest include business services, consumer products, distribution, energy services, healthcare, industrials, manufacturing, media, and metals. Peak Rock will consider a variety of transaction situations - from leveraged buyouts and recapitalizations to special situations. Peak Rock is based in Austin, Texas.


Deal Context for Seller #
Overall 3 of 23
Sector: Building Materials 1 of 2
Type: Add-on Acquisition 3 of 10
State: Ohio 1 of 2
Country: United States 2 of 21
Year: 2016 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 Rather Outdoors

Springfield, Missouri, United States

Rather Outdoors is an outdoor consumer products company with a portfolio of brands, including Lew’s, Strike King, and Hunters Specialties. Rather Outdoors supplies branded fishing and hunting gear and accessories through the mass market, sporting goods, and specialty outdoor channels. Rather Outdoors is based in Springfield, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-17 Gold Coast Bakeries

Santa Ana, California, United States

Gold Coast Bakeries Co., Inc. is a manufacturer of specialty and organic breads, buns, rolls, and sweet goods. Based in Santa Ana, CA and operating out of two USDA Organic-certified facilities in the United States, the Company offers a wide selection of premium baked goods to a diverse customer base of leading consumer packaged goods companies, grocery retailers, and foodservice customers.

Buy -