M&As this week: CORE Industrial Partners, Polinas Plastik Sanayii ve Ticareti, Baldwin Technology

15 December 2017 (Last Updated December 15th, 2017 10:03)

Private equity firm CORE Industrial Partners has acquired Prototek Sheetmetal Fabrication. The company obtained debt financing for the transaction from Monroe Capital.

Private equity firm CORE Industrial Partners has acquired Prototek Sheetmetal Fabrication.

Both the companies involved in the transaction are based in the US.

CORE Industrial Partners obtained debt financing for the transaction from Monroe Capital and engaged Winston & Strawn as legal adviser for the transaction.

CORE Industrial Partners specialises in direct and fund of fund investing, while Prototek Sheetmetal provides prototyping services for the CNC machined and sheet metal fabricated parts and components.

“CORE Industrial Partners obtained debt financing for the transaction from Monroe Capital.”

Polinas Plastik Sanayii ve Ticareti has acquired Propak Ambalaj Uretim ve Pazarlama from Southeast Europe Equity Fund II, a fund managed by SEAF.

Both Polinas Plastik and Propak Ambalaj are based in Turkey.

The acquirer is engaged in the production and supply of biaxially oriented polypropylene (BOPP), which is used by the flexible packaging industry while the target company produces flexible packaging for snacks, confectionery, and nuts and dried fruits markets.

Industrial equipment supplying company Baldwin Technology has acquired QuadTech, a control systems designing and manufacturing company.

Both the companies involved in the transaction are based in the US.

Baldwin primarily supplies process automation equipment and related consumables, while QuadTech’s automated auxiliary control systems are used in commercial, newspaper, packaging and converting, and publication gravure printers.

Siegwerk Druckfarben has reached an agreement to acquire Tupahue Tintas, a printing inks manufacturer and seller based in Brazil.

Based in Germany, Siegwerk Druckfarben manufactures and supplies printing inks for packaging applications and labels.