The report beneath provides overview of the fourth quarter M&A exercise within the Plastics and Rubber Trade Sector. M&A exercise for North American based mostly goal corporations within the Plastics and Rubber sector for Q3 2019 included 19 closed offers, in accordance with information printed by trade information tracker FactSet.
One of many notable center market transactions within the sector was introduced in July when HEXPOL AB acquired Most popular Compounding Corp, a portfolio firm of Audax Non-public Fairness, for roughly US$232 million in money. The transaction expands the enterprise portfolio of HEXPOL AB. With 540+ workers, Most popular Compounding Corp is positioned in Copley, Ohio and manufactures natural rubber compounds.
US nondurable items producers’ shipments of plastics and rubber merchandise, an indicator of plastic and rubber merchandise manufacturing, rose zero.zero% year-to-date in August 2019 in comparison with the identical interval in 2018.
The spot worth of crude oil, a key uncooked materials in plastic and rubber manufacturing, fell 27.zero% within the week ending October 11, 2019, in comparison with the identical week in 2018.
Posted by Jim Zipursky.
Learn the Complete Plastics and Rubber 4th Quarter Publication Right here