The buyer is a company operating in the automotive business, but the management has decided to move away to other industries to be less dependent on the automotive industry, therefore they are looking for targets in other businesses. The company is looking at potential targets and will consider companies that suit their preferences and which can be sold at a reasonable valuation.
The buyer is a large PE-owned plastic injection mold maker. The buyer company specializes in injection, compression, and hydroforming and serves a variety of industries, but mainly automotive, and truck manufacturing. The company has multiple production facilities in South and North America.
The owner of this potential buyer is looking for bolt-on acquisition to be more stable in the business. The buyer has more than 100 million EUR in revenue, and they are financially capable to cover the acquisition of up to approximately 30 million EUR in revenue.
The company has already made multiple acquisitions in recent years and grows also organically by building new facilities. The company has already analyzed some potential targets in Europe, but it has not acquired any of them yet so the management is still looking.
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The buyer is looking mainly for a smaller plastic injection mold maker, with clients in non-automotive businesses. The target size of a company should be with preferably 10 - 20 million EUR in revenue and be profitable in the long term. However, the buyer will also look at smaller companies (with below 10 million EUR in revenue) if it is a good fit.
The target has to be profitable and has a positive growth outlook – turnaround cases will not be considered.
The specialization of the target should be on non-automotive mold making. Most of what the buyer does is for the automotive industry, so the management will only consider targets with non-automotive clients, preferably in medical, aerospace, or industrial.
The buyer does not have a geographic preference in Europe, however, EU targets will be a better fit. After the transaction, the target will be able to gain access to new clients in the Americas, which could help boost the business of the target.
Feel free to contact us for more information regarding this plastic mold making business buyer. We have experts in the plastic industry and we can help you find buyers or sellers. If you are interested specifically in the plastics sector, visit our section plastic companies for sale or plastic companies wanted. For other companies for sale in all of Europe visit the section companies for sale.
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