TRANSCENDIA
Goldman Sachs fund buys US speciality films manufacturer / Deal cleared by Ireland
Leveraged buyout fund West Street Capital Partners VII, managed by the merchant division of investment bank Goldman Sachs, has acquired all equity of US speciality engineering plastic film manufacturer Transcendia (Franklin Park, Illinois; www.transcendia.com). The deal to “acquire the entire issued share capital and thus sole control” of the company was recently cleared by the Competition and Consumer Protection Commission of Ireland, reports said.

The now 86-year-old films producer, at the time trading as Transilwrap, was bought out in 2013 by New York private equity investor firm Jordan Co. After changing its name to Transcendia in 2016 it was put on the sale block earlier this year. Under the new owner, Transcendia will be able to build upon and accelerate its strategic growth plans, said its CEO, Andy Brewer.

“Since 2013 we have made five strategic acquisitions and launched critical new product developments in our targeted growth markets of healthcare, food & beverage, and anti-corrosion. We significantly added to our material science capabilities, broadened our technological platform and greatly expanded our geographic footprint,” Brewer said in a statement. This year, Transcendia has acquired US engineered polyethylene film provider Marshall Plastic Film – see Plasteurope.com of 13.04.2017. Last year, the company completed the acquisition of Dow's speciality films business – see Plasteurope.com of 21.06.2016.

By its own account, the films specialist supplies more than 5,000 global customers for a variety of applications and markets including healthcare, point of purchase-display, protective & aesthetic, industrial, food & beverage, window, anti-corrosion, and security ID. The company operates 17 ISO certified manufacturing and five distribution centres in North America, Europe and Africa. The group turnover is around USD 500m.
08.06.2017 Plasteurope.com [237088-0]
Published on 08.06.2017
Transcendia: Goldman Sachs übernimmt US-FolienherstellerGerman version of this article...

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