.
MergerLinks Header Logo

Announced

Neenah terminated acquisition of Vectorply from MSouth Equity Partners for $155m.

Financials

Edit Data
Transaction Value£121m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales2.2x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Majority

Single Bidder

composite materials

Private

Acquisition

Private Equity

United States

reinforcement fabrics

Friendly

Diversified Materials

Failed

Domestic

Synopsis

Edit

Neenah, a manufacturer of premium writing, text, cover, speciality and private watermark papers, terminated the acquisition of Vectorply, a developer, manufacturer and distributor of composite reinforcement fabrics, from MSouth Equity Partners for $155m. "Regarding our ongoing business during this challenging time, the health and safety of our employees are paramount and we've taken actions across our company to protect them, while also carefully managing costs, capital expenditures and working capital. We exited 2019 with a conservative leverage position and our liquidity today is strong. Our primary near-term focus is the health and welfare of our employees and business, and we feel confident in our ability to weather the current crisis," John O'Donnell, Neenah Chief Executive Officer.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US