Acquisition of Presspart Manufacturing Ltd.

Year:  2002
Transaction value:  Not published
Industry:  Industrial products
Business field:  Mergers & Acquisitions
HSCie Customer
HUT-Group GmbH (Heitkamp &  Thumann Group), Düsseldorf, Germany

HUT Group is an internationally operating industrial company producing precision-formed components such as deep-draw parts, metal pressings and plastic parts. It is a world market leader in the field of battery sleeves.
www.hut-group.com

Companies involved
3i Plc, London, UK

3i Plc is an investment firm with world-wide scope.
www.3i.com

Transaction
Acquisition of Presspart Manufacturing Ltd., Blackburn, UK and its subsidiary in the USA, Presspart Inc., by GEMI GmbH, a subsidiary of the HUT Group GmbH. Presspart is a leading manufacturer of deep-draw parts such as aerosol cans for the pharma and automotive industry, amongst others.

Task
HSCie advised on the valuation and due diligence and conducted the negotiations.