Homelux and Nenplas are leading suppliers of extruded and injection moulded plastic products for the tiling, DIY, furniture, caravan and shopfitting markets, who were owned by US-based multi-national Newell Rubbermaid. Homelux and Nenplas made the decision to dispose of the companies in order to concentrate on their strategic core business activities.<\/p>\n
Clairfield successfully negotiated the acquisition of the business from US-based multi-national Newell Rubbermaid, whilst at the same time forming a 6-month plan to transfer all the services and group functions required into a newco.<\/p>\n
Clairfield worked closely with the management team to secure appropriate funding from Maven Capital Partners who took a significant minority stake in the company. Orbis\u2019 investment vehicle Intrinsic Equity also invested alongside management.<\/p>\n
„A very high degree of enthusiasm and professionalism\u2026 Clairfield made a difficult and complicated process very easy for us.” – Alan Emery, CEO<\/p>\n
Following the MBO and the success of the newco Homelux Nenplas, the management team decided to invest in strategic acquisitions. Over a three-year period, Clairfield assisted Homelux Nenplas in the acquisition of three businesses, Tilerite, Polyplas and Delta Plastics who each added the portfolio and customer base of the business.<\/p>\n
In 2013 Clairfield led the multi-million-pound sale of Homelux Limited to QEP a leading worldwide manufacturer, marketer and distributor of hardwood flooring, flooring installation tools, adhesives and flooring related products.<\/p>\n
During this process, Clairfield also completed the secondary buy-out of Nenplas Limited which was to remain with management and Maven Capital Partners.<\/p>\n
Nenplas Limited has subsequently been sold to German company D\u00f6llken-Weimar, part of the German quoted group Surteco.<\/p>\n
„Clairfield and SGH Martineau were invaluable to me during a complex deal process that involved splitting the business into divisions, immediately prior to the sale of Homelux.” – Rob Butcher, Managing Director<\/p>\n","protected":false},"featured_media":58782,"template":"","country":[47,45],"office_involved":[349],"service":[4],"sector":[14],"transaction_format":[41,42],"class_list":["post-58775","transaction","type-transaction","status-publish","has-post-thumbnail","hentry","country-uk","country-us","office_involved-uk","service-mergers-acquisitions","sector-industrials","transaction_format-case-studies","transaction_format-track-record"],"acf":{"intro_text":"The management of Homelux and Nenplas acquired the companies from US-based multinational in an MBO.","image_mode":"double","transaction_image":58780,"text_between_images":"MBO","transaction_image_2":null,"transaction_text":"Advisor to Homelux and Nenplas","similar_transactions":[23228,23235,23074,23232,23010,23027,22617,22677],"team":[1279,1293]},"yoast_head":"\n