The report beneath provides a superb overview of the third quarter M&A exercise within the Plastics and Rubber Business Sector. M&A exercise for North American based mostly goal corporations within the Plastics and Rubber sector for Q2 2019 included 24 closed offers, in response to information printed by business information tracker FactSet.
One of many notable center market transactions within the sector was introduced in Could when EPTAM Precision, a subsidiary of EPTAM Plastics Ltd. and a portfolio firm of New Heritage Capital LLC, acquired Micro Molding, Inc. for an undisclosed quantity. The transaction additionally consists of MedConnection LLC. Micro Molding is situated in Phillipsburg, New Jersey and manufactures precision plastic injection parts specializing in precision injection molding, catheter tipping, ending and meeting.
US nondurable items producers’ shipments of plastics and rubber merchandise, an indicator of plastic and rubber merchandise manufacturing, rose zero.four% year-to-date in Could 2019 in comparison with the identical interval in 2018.
The spot value of crude oil, a key uncooked materials in plastic and rubber manufacturing, fell 22.three% within the week ending July 5, 2019, in comparison with the identical week in 2018.
Posted by Jim Zipursky.
Learn the Whole Plastics and Rubber third Quarter Publication Right here