M&A Deal Summary

The Olon Group Acquires GTP Bioways

On July 3, 2024, The Olon Group acquired life science company GTP Bioways from Merieux Equity Partners

Acquisition Highlights
  • This is The Olon Group’s 1st transaction in the Life Science sector.
  • This is The Olon Group’s 1st transaction in France.

M&A Deal Summary

Date 2024-07-03
Target GTP Bioways
Sector Life Science
Buyer(s) The Olon Group
Sellers(s) Merieux Equity Partners
Deal Type Add-on Acquisition

Target

GTP Bioways

Toulouse , France
GTP Bioways is a contract development and manufacturing organisation (CDMO) offering uniquely customised process development and manufacturing services for biologics, antibody-drug conjugates and nanodrugs. GTP Bioways is based in Toulouse, France.

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Buyer(S) 1

Buyer

The Olon Group

Georgetown, Ontario, Cambodia

Category Company
Sector Building Materials
DESCRIPTION

The Olon Group, Inc. is a designer and manufacturer of drawer components, profile wrapped moldings, edge treatments, and decorative laminate products for the North American furniture, residential remodeling, and cabinet-making industries. With Canadian and US-based manufacturing facilities in Ontario, Indiana, and Illinois, the Company sells its products primarily to Canadian and United States office furniture and cabinetry OEMs, wholesalers and distributors.


DEAL STATS #
Overall 3 of 3
Sector: Life Science M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
Country: France M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-10 Carolina Drawers

Lexington, North Carolina, United States

Carolina Drawers (CDI) is a manufacturer of solid wood and plywood drawers for the US kitchen & bath cabinet and furniture industries.

Buy -

Seller(S) 1

SELLER

Merieux Equity Partners

Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2009
PE ASSETS 1.5B EUR
Size Large
Type Sector Focused
DESCRIPTION

Mérieux Développement SAS is a venture and growth capital investment firm associated with family holding company Institut Mérieux. The Firm focuses on the health and nutrition sectors and will consider opportunities throughout North America and Europe. Mérieux Développement SAS was established in 2009 and is headquartered in Lyon, France.


DEAL STATS #
Overall 7 of 8
Sector: Life Science M&A 5 of 6
Type: Add-on Acquisition M&A Deals 2 of 3
Country: France M&A 4 of 5
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-05 InnoSyn

Geleen, Netherlands

InnoSyn is applying innovative and cost-efficient technologies such as flow chemistry, bio- and chemocatalysis, to advance the competitiveness of customers across the (fine) chemical industries. InnoSyn was founded in 2017 and is based in Geleen, Netherlands.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-21 curea medical

Steinfurt, Germany

curea medical is a German manufacturer specializing in innovative wound care solutions, particularly superabsorbent dressings that enhance healing through superior fluid management. Leveraging the proprietary SuperCore technology, curea provides advanced products that significantly improve patient outcomes. The company serves homecare providers, pharmacies and hospitals. Its commitment to continuous growth, product innovation, and high-quality manufacturing has positioned curea as a key player in the advanced wound care sector. curea medical was founded in 2010 and is based in Steinfurt, Germany.

Buy -