M&A Deal Summary

Textron Acquires Advantage Molding & Decorating

On June 12, 2000, Textron acquired plastics company Advantage Molding & Decorating

Acquisition Highlights
  • This is Textron’s 1st transaction in the Plastics sector.
  • This is Textron’s 19th transaction in the United States.
  • This is Textron’s 2nd transaction in Illinois.

M&A Deal Summary

Date 2000-06-12
Target Advantage Molding & Decorating
Sector Plastics
Buyer(s) Textron
Deal Type Add-on Acquisition

Target

Advantage Molding & Decorating

Mount Prospect, Illinois, United States
Advantage Molding & Decorating is a supplier of injection molded parts, tooling, and pad-printed designs, manufactures highly decorative lenses for use in the wireless telecommunications industry.

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Buyer(S) 1

Buyer

Textron

Providence, Rhode Island, United States

Category Company
Founded 1923
Sector Diversified
Employees35,000
Revenue 13.7B USD (2023)
DESCRIPTION
Textron's corporate headquarters in downtown Providence, Rhode Island.
Textron's corporate headquarters in downtown Providence, Rhode Island.

Textron is a multi-industry company that leverages a global network of aircraft, defense, industrial and finance businesses to provide customers with products and services around the world. Textron conducts business through five operating segments: Cessna, Bell, Textron Systems and Industrial, and Finance. Cessna is a general aviation company with two principal lines of business: Aircraft sales and aftermarket services. Bell Helicopter is a supplier of military and commercial helicopters, tiltrotor aircraft, and related spare parts and services. Textron Systems’ product lines consist of unmanned aircraft systems, land and marine systems, weapons and sensors and a variety of defense and aviation mission support products and services. Textron Industrial designs and manufactures a variety of products under three principal product lines, including Fuel Systems and Functional Components, Golf and Turf Care, and Powered Tools, Testing and Measurement Equipment. Textron Finance is a commercial finance business that consists of Textron Financial Corporation. Textron was founded in 1923 and is based in Providence, Rhode Island.


DEAL STATS #
Overall 35 of 48
Sector (Plastics) 1 of 2
Type (Add-on Acquisition) 27 of 39
State (Illinois) 2 of 3
Country (United States) 19 of 30
Year (2000) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-12-16 RIFOCS

Camarillo, California, United States

RIFOCS Corp. designs, manufactures and distributes fiber optic test and measurement equipment, including optical power meters, LED and laser sources, variable attenuators and visual fault finders. RIFOCS also manufactures a range of fiber optics components and accessories designed for field, manufacturing and product qualification in commercial, industrial, and aerospace defense applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-08-17 Rego Mold & Tool

Wheeling, Illinois, United States

Rego Mold & Tool Co. Inc. is a supplier of primary tooling and plastic injection molded components for the wireless telecommunications market and other industries. Rego is widely recognized in the industry for its ability to design and build high precision molds using complex mechanical actions with short lead times. Rego applies its engineering expertise to part designs by assessing tooling needs and necessary mechanical actions.

Buy -