P&M Corporate Finance (PMCF) served as financial advisor in the sale of Mercury Plastics, Inc. (“Mercury Plastics” or “Company”) to Masco Corporation (“Masco”, NYSE: MAS). Based in Middlefield, Ohio, Mercury Plastics is a plastics processor and manufacturer of water handling systems for appliance and faucet applications, as well as other highly engineered plumbing products, tubing, and assemblies. Mercury Plastics operates multiple facilities in Ohio, has revenues of approximately $45 million and employs approximately 300 people. The Company will become part of Masco’s Plumbing Products segment.
Mercury Plastics is a specialty, niche business with significant engineering and technical capabilities for a company of its size. The Company also has a wide range of manufacturing capabilities including extrusion, injection overmolding, blow molding, forming, fabrication and e-beam cross-linking. These combined capabilities have enabled Mercury Plastics to develop an extensive portfolio of both proprietary and patented products as well as provide customers with the best possible product solution for a particular application. More information on Mercury Plastics can be found at www.mercuryplastics.com