Add-on Acquisition • Plastics

US Farathane Acquires Boston Plastics Pte.

On January 27, 2016, US Farathane acquired plastics company Boston Plastics Pte. from Baird Capital

Acquisition Context
  • This is US Farathane’s 2nd transaction in the Plastics sector.
  • This is US Farathane’s 1st transaction in China.

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M&A Deal Summary

Date January 27, 2016
Target Boston Plastics Pte.
Sector Plastics
Buyer(s) US Farathane
Sellers(s) Baird Capital
Deal Type Add-on Acquisition

Target Company

Boston Plastics Pte.

Shanghai, China
Boston Plastics specializes in high precision plastic injection molding and sub-assemblies serving the automotive, consumer electronics, imaging and industrial markets. Boston Plastics has manufacturing facilities in Shanghai, Changchun and Taicang.
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Buyer Overview 1

Buyer

US Farathane

Auburn Hills, Michigan, United States

Category Company
Founded 1971
Sector Automotive
DESCRIPTION

US Farathane is a manufacturer and supplier of functional black plastic, interior, and exterior plastic components intended to innovate and pair with solid value. The company's manufacturing division designs highly engineered plastic injection-molded components in a variety of sizes and shapes and supply both functional and decorative parts to companies in the Automotive industry. US Farathane was founded in 1971 and is based in Auburn Hills, Michigan.


Deal Context for Buyer #
Overall 2 of 2
Sector: Plastics 2 of 2
Type: Add-on Acquisition 2 of 2
Country: China 1 of 1
Year: 2016 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-13 Tepso Plastics Mex Sa De Cv

Apodaca, Mexico

Tepso Plastics Mex Sa De Cv is a manufacturer of engineered plastic injection molded components and assemblies for the automotive sector.

Buy -

Seller Profile 1

SELLER

Baird Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 3.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Baird Capital Partners (BCP) is the US private equity arm of Baird Private Equity. BCP makes investments in middle-market companies based in the US. BCP targets companies valued between $25 and $125 million and looks to invest between $15 and $35 million of equity per transaction. BCP focuses on three primary areas including business services (transaction processing, process outsourcing, professional services), healthcare (outsourcing services, medical products, contract manufacturing), and manufactured products (industrial/commercial, specialty consumer, distribution). BCP is affiliated with Baird Capital Partners Europe, Baird Capital Partners Asia, Baird Venture Partners, and Granville Baird Capital Partners. Baird Capital Partners is based in Chicago, Illinois.


Deal Context for Seller #
Overall 35 of 53
Sector: Plastics 2 of 2
Type: Add-on Acquisition 23 of 33
Country: China 2 of 3
Year: 2016 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-12 Jiangsu Xinghe Valve Co.

Yangzhong, China

Jiangsu Xinghe Valve Co. is an instrumentation valves and fittings company located in Jiangsu Province, China. an instrumentation valves and fittings company located in Jiangsu Province, China. Xinghe Valve designs, produces and markets a range of instrumentation valves and fittings for oil and gas, petrochemical, nuclear power plants, waste water and other process control applications.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-02 Duet Health

Columbus, Ohio, United States

Duet Health LLC is a developer of patient engagement software and mHealth solutions. Duet provides multi-platform software products that empower hospitals, health systems, and providers to better communicate and engage with their patient populations.

Sell -

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