M&A Deal Summary

TJC Acquires Delrin

On August 21, 2023, private equity firm TJC acquired plastics company Delrin from DuPont for 1.8B USD

Acquisition Highlights
  • This is TJC’s 3rd transaction in the Plastics sector.
  • This is TJC’s largest (disclosed) transaction.
  • This is TJC’s 84th transaction in the United States.
  • This is TJC’s 4th transaction in Michigan.

M&A Deal Summary

Date 2023-08-21
Target Delrin
Sector Plastics
Buyer(s) TJC
Sellers(s) DuPont
Deal Type Divestiture
Deal Value 1.8B USD

Target

Delrin

Midland, Michigan, United States
Delrin is a specialized plastic used in a variety of applications. Delrin is based in Midland, Michigan.

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Buyer(S) 1

Buyer

TJC

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 14.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TJC is a private investment firm that specializes in acquiring North American middle-market businesses operating in basic industries. TJC specifically looks to provide liquidity for shareholders, raise capital for corporate growth and 'create significant equity opportunities for key management'. TJC will consider opportunities valued from $100 million to $2 billion in a wide variety of industries. Sectors of interest include aerospace/defense, automotive, building products, chemicals, consumer products, distribution, energy, financial services, healthcare, industrial products, insurance, metals, packaging, retail, transportation/logistics, and telecom. TJC was formerly known as The Jordan Company. The Firm was formed in 1982 and is based in New York City.


DEAL STATS #
Overall 86 of 93
Sector (Plastics) 3 of 3
Type (Divestiture) 8 of 9
State (Michigan) 4 of 4
Country (United States) 84 of 89
Year (2023) 1 of 4
Size (of disclosed) 1 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-07 Worldwide Clinical Trials

King of Prussia, Pennsylvania, United States

Worldwide Clinical Trials is a medically and scientifically driven contract research organization (CRO) providing early and late stage drug development services for pharmaceutical and biotechnology companies. Worldwide Clinical Trials is based in King of Prussia, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-06 Soteria Flexibles

Carol Stream, Illinois, United States

Soteria Flexibles is a manufacturer of flexible plastic packaging. Soteria Flexibles primarily serves the healthcare, janitorial supply, commercial/industrial, and foodservice end-markets. Soteria Flexibles focuses on specialized containment products where specifications (such as dimensions, color, strength, and printing) are tailored to fit a certain application. Soteria Flexibles is based in Carol Stream, Illinois.

Buy -

Seller(S) 1

SELLER

DuPont

Wilmington, Delaware, United States

Category Company
Founded 1802
Sector Chemicals
Employees24,000
Revenue 12.1B USD (2023)
DESCRIPTION
Entrance to DuPont's corporate headquarters in Wilmington, Delaware.
Entrance to DuPont's corporate headquarters in Wilmington, Delaware.

DuPont is a global chemicals provider and is involved across a range of disciplines, including agriculture and industrial biotechnology, chemistry, biology, materials science and manufacturing. DuPont operates globally and offers a wide range of innovative products and services for markets including agriculture and food, building and construction, electronics and communications, general industrial, and transportation. DuPont is based in Wilmington, Delaware.


DEAL STATS #
Overall 20 of 20
Sector (Plastics) 1 of 1
Type (Divestiture) 17 of 17
State (Michigan) 1 of 1
Country (United States) 18 of 18
Year (2023) 1 of 1
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-02 Spectrum Plastics Group

Alpharetta, Georgia, United States

Spectrum Plastics Group is a manufacturer of the thermoplastic profile, tube, and sheet plastic extrusions used in industrial, consumer, and other applications. Spectrum Plastics Group has manufacturing facilities in the U.S. and Mexico serving a variety of end-markets, including aerospace, retail, medical, traffic control, lighting, and fence. Spectrum Plastics Group was founded in 2017 and is based in Alpharetta, Georgia.

Buy $1.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-25 Donatelle

New Brighton, Minnesota, United States

Donatelle is a medical device contract manufacturer specializing in designing, developing and manufacturing medical components and devices. Donatelle was formed in 1967 and is headquartered in New Brighton, Minnesota.

Buy -