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New Deal


Announced

ABC Technologies to acquire Plastikon Automotive from Plastikon Industries for $130m.

Financials

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Transaction Value£103m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales0.5x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

automotive interiors

Automobiles

Private

electric vehicle batteries

Acquisition

Majority

Domestic

Pending

Friendly

Single Bidder

Synopsis

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ABC Technologies, a manufacturer and supplier of custom, highly engineered, technical plastics for the automotive industry, agreed to acquire Plastikon Automotive, an automobile interior and assemblies company, from Plastikon Industries, a plastic and contract manufacturer, for $130m. "Welcoming Plastikon Automotive into ABC Technologies will represent a significant step forward for our company. It amplifies our position as an industry leader in lightweighting and plastic injection molding, gives ABC a stronger foothold in the EV space, and most importantly, provides a new set of employees with opportunities to play larger roles in molding the future of mobility," Terry Campbell, ABC Technologies President and CEO.

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