Divestiture • Building Materials

Senneca Holdings Acquires Hercules

On October 1, 2018, Senneca Holdings acquired building materials company Hercules from Kingspan

Acquisition Context
  • This is Senneca Holdings’ 5th transaction in the Building Materials sector.
  • This is Senneca Holdings’ 5th transaction in the United States.
  • This is Senneca Holdings’ 1st transaction in Florida.

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M&A Deal Summary

Date October 1, 2018
Target Hercules
Sector Building Materials
Buyer(s) Senneca Holdings
Sellers(s) Kingspan
Deal Type Divestiture

Target Company

Hercules

DeLand, Florida, United States
Hercules is specializes in custom designed door products for the cold storage, controlled environment, food and beverage, processing and distribution, and pharmaceutical industries. HERCULES doors offers a complete line of specialty doors for your specific applications including Blast Freezer, Freezer, Cooler, Docks, Processing, Ripening Rooms, Automotive Test Cells, Research Facilities, and Distribution Facilities.
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Buyer Overview 1

Buyer

Senneca Holdings

Cincinnati, Ohio, United States

Category Company
Founded 1932
Sector Building Materials
DESCRIPTION

Senneca Holdings is a manufacturer and distributor of customized doors, including traffic, corrosion resistant, PVC, strip, cold storage, fire and sliding doors. Senneca offers superior design and engineering processes, and supports the development of green product innovations. Senneca Holdings’ family of brands includes Chase, Chem-Pruf, ColdGuard, Econo Max, Eliason, Fib-R-Dor, Saino, and Simon. Senneca Holdings was founded in 1932 and is based in Cincinnati, Ohio.


Deal Context for Buyer #
Overall 6 of 6
Sector: Building Materials 5 of 5
Type: Divestiture 2 of 2
State: Florida 1 of 1
Country: United States 5 of 5
Year: 2018 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-03 Door Engineering & Manufacturing

Kasota, Minnesota, United States

Door Engineering & Manufacturing LLC is a manufacturer of custom design and engineered doors for specialty industrial applications, the aviation industry, governmental sectors and agribusiness. Products manufactured include; Bottom Rolling Hanger Doors, Four-Fold and Bi-Fold Doors, Craneway Doors, Vertical Lift Doors, Fire Doors, Industrial Sliding Doors and Clean Room Doors.

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Seller Profile 1

SELLER

Kingspan

Kingscourt, Ireland

Category Company
Founded 1965
Sector Building Materials
Employees24,802
Revenue 8.6B EUR (2024)
DESCRIPTION

Kingspan is a provider in high performance insulation, building fabric and solar integrated building envelopes. Kingspan delivers high efficiency, low cost and low carbon building solutions across a broad range of market sectors. Kingspan was founded in 1965 and is based in Kingscourt, Ireland.


Deal Context for Seller #
Overall 1 of 1
Sector: Building Materials 1 of 1
Type: Divestiture 1 of 1
State: Florida 1 of 1
Country: United States 1 of 1
Year: 2018 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-27 Brakel

Uden, Netherlands

Brakel is a provider of high-end solutions for glass daylight constructions (glass roofs and skylights), ventilation systems (top hung windows and flap ventilators) and fire safety systems (fire detection, smoke and heat extraction installations) in commercial and industrial buildings. Brakel was established in 1977 and is based in Uden, Netherlands.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-15 Groupe Bacacier

Aigueperse, France

Groupe Bacacier is one of France’s major specialists in metal cladding. Drawing on high levels of industry expertise in the transformation of steel (profiling, folding, cutting, stamping and pressing), Bacacier provides a full range of cladding products (roofing, facades and cladding, structural floors and false ceilings). Groupe Bacacier products are used in all types of buildings: industrial, agricultural, commercial and residential. Bacacier has also expanded its offering of consumer products, available through major DIY chains, and developed a range for architects, notably in collaboration with designer Philippe Starck.

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