16 March 2015
ABOUT CITADEL PLASTICS HOLDINGS
is a leading North American specialty engineered plastics company
that produces thermoset composites and thermoplastic compounds
for specialty product applications spanning multiple industries
including
transportation, industrial & construction, consumer, electrical,
energy and healthcare & safety.
In 2014, Citadel had approximately
(giving effect to their recent acquisition) and
pro-forma earnings before
interest, taxes, depreciation, and amortization ("EBITDA")
of approximately
Established in 2007, Citadel has quickly become
an industry leader in multiple attractive, niche applications,
including:
high performance auto structural, electrical power distribution,
downhole oil & gas components, and
medical patient transport systems.
The company's expertise in material science enables it
to deliver customized application-specific solutions
with a wide range of performance properties, as well as
an unmatched array of technical and formulation capabilities.
The company has 1,200 employees and
operates 21 manufacturing facilities
throughout the world, including
10 thermoplastic facilities in
11 thermoset composite plants comprising seven
in
a joint venture consisting of two plants in
DETAILS
a leading international supplier of
high-performance plastic compounds, powders and resins,
announced today that it has executed
a definitive agreement to acquire
all of the issued and outstanding capital stock of privately held
Citadel Plastics Holdings, Inc.
a portfolio company of
private equity firms HGGC and Charlesbank Capital Partners,
for $800 million.
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