M&A Quarterly News In The Plastics and Rubber Industry Sector

M&A Quarterly News In The Plastics and Rubber Industry Sector

By Jim Zipursky

September 12, 2019

The report below gives a good overview of the third quarter M&A activity in the Plastics and Rubber Industry Sector. M&A activity for North American based target companies in the Plastics and Rubber sector for Q2 2019 included 24 closed deals, according to data published by industry data tracker FactSet.

One of the notable middle market transactions in the sector was announced in May when EPTAM Precision, a subsidiary of EPTAM Plastics Ltd. and a portfolio company of New Heritage Capital LLC, acquired Micro Molding, Inc. for an undisclosed amount. The transaction also includes MedConnection LLC. Micro Molding is located in Phillipsburg, New Jersey and manufactures precision plastic injection components specializing in precision injection molding, catheter tipping, finishing and assembly.

Industry Indicators

  • US nondurable goods manufacturers’ shipments of plastics and rubber products, an indicator of plastic and rubber products production, rose 0.4% year-to-date in May 2019 compared to the same period in 2018.
  • The spot price of crude oil, a key raw material in plastic and rubber manufacturing, fell 22.3% in the week ending July 5, 2019, compared to the same week in 2018.

Posted by Jim Zipursky.
Read the Entire Plastics and Rubber 3rd Quarter Newsletter Here