M&A Deal Summary

Summa Industries Acquires Plastron Industries

On March 1, 1999, Summa Industries acquired plastics company Plastron Industries from Madison Industries for 20M USD

Acquisition Highlights
  • This is Summa Industries’ 1st transaction in the Plastics sector.
  • This is Summa Industries’ largest (disclosed) transaction.
  • This is Summa Industries’ 1st transaction in the United States.
  • This is Summa Industries’ 1st transaction in Illinois.

M&A Deal Summary
Date 1999-03-01
Target Plastron Industries
Sector Plastics
Buyer(s) Summa Industries
Sellers(s) Madison Industries
Deal Type Add-on Acquisition
Deal Value 20M USD

Target

Plastron Industries

Bensenville, Illinois, United States
Plastron Industries, located in Bensenville, Illinois, is the leading plastic injection molder of thermoplastic bobbins for the electronics industry. Bobbins are used in transformers that supply power to home appliances, personal communications equipment, power tools, small motors, lighting ballasts, safety equipment, computer equipment and automobile dashboards.

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Buyer(S) 1

Buyer

Summa Industries

Category Company
DESCRIPTION

DEAL STATS #
Overall 1 of 1
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (1999) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Madison Industries

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
Size Large
Type Sector Focused
DESCRIPTION

Madison Industries is a privately held investment holding firm that targets growth investments in and acquisitions of industrial manufacturing companies. Madison prefers businesses with a defensible market niche, established technology, and significant cash-flow growth potential. Madison will also consider turnaround situations. Target opportunities generally have sales between $50 million and $2 billion. Madison Industries is based in Chicago, Illinois.

DEAL STATS #
Overall 1 of 18
Sector (Plastics) 1 of 2
Type (Add-on Acquisition) 1 of 8
State (Illinois) 1 of 3
Country (United States) 1 of 17
Year (1999) 1 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-12-01 Brown Plastics Machinery

Beaverton, Michigan, United States

Brown Machine is a leading global manufacturer of thermoforming machinery for the plastics processing industry. Brown Machine offers a complete line of both continuous and cut-sheet thermoforming equipment to the packaging, automotive and appliance industries. Brown is located in Beaverton, Michigan and London, United Kingdom.

Buy $62M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-09-27 Cumberland Engineering

New Berlin, Wisconsin, United States

Cumberland is the leading U.S. supplier of granulators and pelletizers for the reclamation of waste materials, principally plastics, for primary manufacturers and the plastic processing industry, including appliance manufacturers, packaging producers, automotive parts producers and reprocessors of plastic material. Cumberland is located in South Attleboro, Massachusetts and Budrio, Italy.

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Mergr

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