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New Deal


Announced

Quadion to acquire Primasil Silicones.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Friendly

rubber products

Private

Pending

Single Bidder

United Kingdom

Majority

Specialty Chemicals

Acquisition

Synopsis

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Quadion, a firm that manufactures plastic and rubber products, agreed to acquire Primasil Silicones, a custom silicone rubber compounder, mixer and manufacturer specializing in the medical, HVAC and specialty industrial end markets. Financial terms were not disclosed. "Primasil's custom material formulation, mixing and molding expertise will complement Minnesota Rubber and Plastic’s renowned materials science and molding capabilities. It will also provide a wide variety of new solutions for our clients. We have a long history of successfully serving our customers in Europe, and the addition of a highly technical production presence in the UK and Czech Republic will allow us to take our local capabilities to the next level," Jay Ward, Minnesota Rubber and Plastics CEO.

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