P&M Corporate Finance, LLC (“PMCF”) is pleased to announce that it served as exclusive financial advisor to privately owned Allen Extruders, Inc. in its sale to Sekisui America Corporation. Based in Mount Laurel, NJ, Sekisui America Corporation is the parent company of Kleerdex Company, LLC, manufacturer of KYDEX® thermoplastic sheet. Allen Extruders, Inc. was founded in 1970 and is a leading manufacturer of extruded thermoplastic sheet for the thermoforming industry. The transaction closed on April 12, 2007.
PMCF worked closely with Allen’s management to drive an efficient transaction process, where strategic and financial buyers were evaluated on a number of quantitative and qualitative factors. “As a second-generation, family-run company, our legacy is important to us. It was important for us to find the right partner to lead us into the 21st century. We believe we found such a partner with Sekisui and Kleerdex, who will help us continue to grow and prosper for many years to come,” said Mike Angell, shareholder for Allen Extruders, Inc. “PMCF played an important role in helping us pick the right partner and achieve the shareholders’ objectives in the sale of the company. We are very pleased with the service PMCF provided and would highly recommend them to companies considering a transaction.”
About Allen Extruders
Allen Extruders is a leading extruder of high-end custom thermoplastic sheet, selling to thermoformers that service the recreational vehicle, medical, marine, agricultural, and construction markets. Allen utilizes ABS, polycarbonate, and other engineered resins in the extrusion of its sheet, and has a partnership with GE Plastics for AlextraTM, a co-extruded thermoplastic sheet product that utilizes GE Lexan resins. Allen Extruders was founded in 1970 and is based in Holland, MI.
About Kleerdex Company
Kleerdex is a subsidiary of Sekisui America Corporation and headquartered in Bloomsburg, PA. Sekisui America Corporation is the North American operating unit of publicly held Sekisui Chemical Co. Ltd. of Osaka, Japan. Kleerdex is a niche sheet extruder and manufacturer of KYDEX® thermoplastic sheet products for aircraft and mass transit interiors, equipment housings, medical products, and kiosk housings.