Quadrant Acquires US Plastics Manufacturer.
15 April 2016 - Swiss thermoplastic materials manufacturer Quadrant AG has agreed to acquire US-based plastics manufacturer Piper Plastics, Inc. for its global engineering plastic products business unit, the company said.
Terms of the deal were not disclosed.
The transaction is expected to close in the next weeks subject to governmental approval. It is expected to close in the next weeks subject to governmental approval
Quadrant said that the acquisition enhances its ability to incubate and develop new business, pursuing its mission of metal to plastic conversion, which began more than 80 years ago.
The company is a fully owned subsidiary of Japan's Mitsubishi Plastics, Inc.
For more than 30 years, Piper Plastics has provided advanced engineering plastic solutions via unique polymer conversion technologies and precision machined engineering plastic components and assemblies in North America (Arizona, Illinois) and Asia (Thailand).
Piper serves a customer base in the medical, semiconductor, aerospace/defence, energy and food packaging industries.
The acquisition will add 2 additional manufacturing facilities to Quadrant's established five US facilities along with their Thailand facility, broadening Quadrant's global footprint.
Quadrant is a global manufacturer of high-performance thermoplastic materials in the form of semi-finished products and finished parts.
The company has locations in 20 countries and more than 2,000 employees.
Target: Piper Plastics, Inc
Buyer: Quadrant AG
Deal size in USD:
Type: Corporate Acquisition
Buyer advisor: , ,
Comment: Terms of the deal were not disclosed
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|Publication:||M & A Navigator|
|Date:||Apr 15, 2016|
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