M&A Deal Summary

Shanghai PRET Composites Acquires Wellman Advanced Materials

On March 1, 2015, Shanghai PRET Composites acquired plastics company Wellman Advanced Materials from J.H. Whitney Capital Partners for 70M USD

Acquisition Highlights
  • This is Shanghai PRET Composites’ 1st transaction in the Plastics sector.
  • This is Shanghai PRET Composites’ largest (disclosed) transaction.
  • This is Shanghai PRET Composites’ 1st transaction in the United States.
  • This is Shanghai PRET Composites’ 1st transaction in South Carolina.

M&A Deal Summary
Date 2015-03-01
Target Wellman Advanced Materials
Sector Plastics
Buyer(s) Shanghai PRET Composites
Sellers(s) J.H. Whitney Capital Partners
Deal Type Add-on Acquisition
Deal Value 70M USD

Target

Wellman Advanced Materials

Johnsonville, South Carolina, United States
Wellman Advanced Materials provides PET recycling services, fiber production. produces nylon, polyester and polypropylene resin products for the automotive industry made from 100-percent-postconsumer-recycled materials. Wellman Advanced Materials was founded in 2008 and is based in Johnsonville, South Carolina.

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Buyer(S) 1

Buyer

Shanghai PRET Composites

Shanghai, China
Category Company
Founded 1993
Sector Plastics
Employees3,314
Revenue 8.7B CNY (2023)
DESCRIPTION

Shanghai PRET Composites is an entity that specializes in high-end and quality modified plastic research, production and sales for automobiles. Shanghai PRET Composites was founded in 1993 and is based in Shanghai, China.

DEAL STATS #
Overall 1 of 1
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (South Carolina) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

J.H. Whitney Capital Partners

New Canaan, Connecticut, United States
Category Private Equity Firm
Founded 1946
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

J.H. Whitney & Co. is a private equity firm focused on small and middle-market buyouts and recapitalizations of US-based, growth-oriented companies. The Firm targets companies with $50 to $500 million in revenue and looks to invest $20 to $125 million per transaction. Industries of interest include consumer, healthcare, specialty manufacturing, and business services. J.H. Whitney & Co. was formed in 1946 and is based in New Canaan, Connecticut.

DEAL STATS #
Overall 11 of 27
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 4 of 8
State (South Carolina) 1 of 2
Country (United States) 10 of 26
Year (2015) 1 of 3
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-09 Autosplice

San Diego, California, United States

Autosplice is a global manufacturer of highly engineered, mission-critical electrical interconnectors and electromechanical assemblies primarily used in the automotive, consumer, industrial, medical and telecommunications end markets. Autosplice was founded in 1954 and is based in San Diego, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-23 PSA HealthCare

Norcross, Georgia, United States

PSA HealthCare is a provider of critically important home care services for medically fragile children. Recognized as an industry leader in quality that it developed over the Company’s 25 year history, PSA provides care to more than 2,500 patients across 17 states through over 65 offices. In addition to its core home-based pediatric private duty nursing platform, PSA provides a broad range of healthcare services, including home-based adult private duty nursing, home-based pediatric skilled nursing visits and therapies, outsourced school health programs, pediatric day treatment centers for medically fragile children and intellectual and developmental home care.

Buy -
Mergr

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