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New Deal


Announced

Completed

IPS and Weld-On acquired T. Christy Enterprises for $38m.

Financials

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Transaction Value£29m
Consideration Type-
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

United States

Specialty Chemicals

Completed

adhesives

Private

Synopsis

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IPS Corporation, a leading manufacturer of plumbing and roofing products, solvent cements, and adhesives, and Weld-On acquired T. Christy Enterprises, one of North America’s premier manufacturers of solvent cements and adhesives and provider of a broad range of accessories, for $38m. “This acquisition further solidifies the relationship that Weld-On has had with Christy’s for over 40 years” according to Janet Reilly, President of Weld-On. “It is a testament to the value of Christy’s customer relationships, the quality of their products, and the caliber of people that make up their organization. The Weld-On team is very excited to continue to bring even greater value and service to our customers by providing a wider and more diverse offering of cements and accessories that Weld-On and Christy’s together bring to the market.”

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