The report beneath provides a very good overview of the fourth quarter M&A exercise within the Plastics and Rubber Business Sector. M&A exercise for North American primarily based goal corporations within the Plastics and Rubber sector for Q3 2018 included 25 closed offers, in response to knowledge revealed by business knowledge tracker FactSet.
One of many notable center market transactions closed in July when Mueller Industries, Inc. acquired ATCO Rubber Merchandise, Inc. for US$163.four million in money and contingent payout. The acquisition would enable Mueller Industries to broaden its local weather merchandise companies. ATCO Rubber Merchandise is situated in Fort Price, Texas manufactures flex duct programs for residential and industrial heating, air flow and AC functions. It generated income of US$166 million for the fiscal 12 months ended December 31, 2017 and has 800 workers.
Finish-use markets proceed to develop 12 months over 12 months as extra merchandise within the U.S. are manufactured out of plastic and rubber supplies.
US nondurable items producers’ shipments of plastics and rubber merchandise, an indicator of plastic and rubber merchandise manufacturing, rose 2.three% year-to-date in August 2018 in comparison with the identical interval in 2017.
The spot value of crude oil, a key uncooked materials in plastic and rubber manufacturing, rose 35.eight% within the week ending October 19, 2018, in comparison with the identical week in 2017.
Posted by Jim Zipurski.
Learn the Total Plastics and Rubber 4th Quarter E-newsletter Right here