M&A Deal Summary

Xerium Technologies Acquires Spencer Johnston

On May 4, 2016, Xerium Technologies acquired metals/mining company Spencer Johnston from J.J. Plank for 18M USD

Acquisition Highlights
  • This is Xerium Technologies’ 1st transaction in the Metals/Mining sector.
  • This is Xerium Technologies’ largest (disclosed) transaction.
  • This is Xerium Technologies’ 1st transaction in the United States.
  • This is Xerium Technologies’ 1st transaction in Wisconsin.

M&A Deal Summary
Date 2016-05-04
Target Spencer Johnston
Sector Metals/Mining
Buyer(s) Xerium Technologies
Sellers(s) J.J. Plank
Deal Type Divestiture
Deal Value 18M USD

Target

Spencer Johnston

Neenah, Wisconsin, United States
Spencer Johnston Co. is a manufacturer and refurbishes a variety of rubber and steel covered rolls.

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Buyer(S) 1

Buyer

Xerium Technologies

Youngsville, North Carolina, United States
Category Company
Founded 1999
Sector Manufacturing
Employees3,100
Revenue 481M USD (2017)
DESCRIPTION

Xerium Technologies, Inc. is a manufacturer and supplier of specially engineered consumable products used primarily in the production of paper, paperboard, and specific industrial applications. Xerium products are focused in two key product classifications; woven machine fabrics and felts, and roll covers.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
State (Wisconsin) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

J.J. Plank

Neenah, Wisconsin, United States
Category Company
Sector Metals/Mining
DESCRIPTION

J.J. Plank Corp. is a manufacture of metal planks and watermark rolls to the paper industry.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
State (Wisconsin) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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