M&A Deal Summary

Sumitomo Bakelite Acquires Vaupell

On June 17, 2014, Sumitomo Bakelite acquired plastics company Vaupell from H.I.G. Private Equity and Harren Equity Partners for 250M USD

Acquisition Highlights
  • This is Sumitomo Bakelite’s 1st transaction in the Plastics sector.
  • This is Sumitomo Bakelite’s largest (disclosed) transaction.
  • This is Sumitomo Bakelite’s 1st transaction in the United States.
  • This is Sumitomo Bakelite’s 1st transaction in Washington.

M&A Deal Summary
Date 2014-06-17
Target Vaupell
Sector Plastics
Buyer(s) Sumitomo Bakelite
Sellers(s) H.I.G. Private Equity
Harren Equity Partners
Deal Type Add-on Acquisition
Deal Value 250M USD

Target

Vaupell

Seattle, Washington, United States
Vaupell, Inc. is a supplier of cosmetic-grade, advanced polymer interior components for the aerospace industry and an industry leader in manufacturing highly engineered, technical plastic components and assemblies. The Company focuses on niche markets and applications that demand superior engineering and manufacturing processes for the tight tolerance requirements of the aerospace, medical products, transportation, and consumer products industries.

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Buyer(S) 1

Buyer

Sumitomo Bakelite

Tokyo, Japan
Category Company
Founded 1932
Sector Chemicals
Employees7,953
Revenue 287.3B JPY (2024)
DESCRIPTION

Sumitomo Bakelite is an integrated processor of synthetic resins and a member of the Sumitomo Chemical Group. Sumitomo Bakelite was founded in 1932 and is based in Tokyo, Japan.

DEAL STATS #
Overall 1 of 1
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Washington) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 2

SELLER

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $1000 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.

DEAL STATS #
Overall 54 of 175
Sector (Plastics) 2 of 2
Type (Add-on Acquisition) 23 of 72
State (Washington) 1 of 1
Country (United States) 47 of 120
Year (2014) 8 of 13
Size (of disclosed) 10 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-21 Next Generation Vending

Stoughton, Massachusetts, United States

Next Generation Vending provides vending and office coffee services to corporate and institutional environments in the United States.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-02 Rolland Enterprises

Saint-Jerome, Quebec, Canada

Rolland Enterprises is a producer of specialty fine papers using recycled fibers targeting commercial and B2B customers. Rolland produces fine papers with up to 100% post-consumer waste fiber for multiple uses and security papers used in corporate documents, vital records, checks, passports and visas. The Company supplies customers in North America, Latin America and Asia directly and through a network of merchants and distributors. Rolland Enterprises is based in Saint-Jerome, Quebec.

Buy -
SELLER

Harren Equity Partners

Charlottesville, Virginia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 450M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Harren Equity Partners LLC is an East Coast US-based private equity firm focused on mid-sized acquisitions, recapitalizations and growth capital financings. Harren is a generalist firm and will consider companies in a broad range of industries, including aerospace/defense, automotive, business services, building materials, energy services, furniture, industrial machinery, medical products, natural resources, healthcare services, restaurants, retail, and recycling. Prospective companies typically have sales of $30 to $300 million, EBITDA of $7 to $30 million, and are located in North America. Harren prefers businesses with defensible markets positions, proven management, and strong growth potential. Harren Equity Partners LLC was formed in 2000 and is based in Charlottesville, Virginia.

DEAL STATS #
Overall 15 of 23
Sector (Plastics) 2 of 2
Type (Add-on Acquisition) 7 of 10
State (Washington) 1 of 1
Country (United States) 15 of 23
Year (2014) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-08 ARKLATEX Energy Services

Shreveport, Louisiana, United States

ARKLATEX Energy Services LLC is an independent provider of cased hole wireline, pressure control, and related completion services in many of the most active oil & natural gas players in North America. ARKLATEX Energy Services was founded in 2005 and is based in Shreveport, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-19 Virginia Tile

Sterling Heights, Michigan, United States

Virginia Tile is an independent distributor of ceramic, porcelain, and natural stone tile. Virginia Tile was founded in 1928 and is based in Sterling Heights, Michigan.

Buy -
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