SWM, a supplier of highly engineered solutions and advanced materials is acquiring Conwed Plastics LLC, a producer of engineered resin based netting solutions. The deal which has been signed for $295 million in cash, also offers significant operating synergy opportunities with the Advanced Materials & Structures (AMS) segment operations of SWM.
As per the transaction structure and tax basis step-up, SWM is projecting tax benefits realisation with an estimated net present value of around $75 million.SWM, a supplier of highly engineered solutions and advanced materials is acquiring Conwed Plastics LLC, a producer of engineered resin based netting solutions. The deal which has been signed for $295 million in cash, also offers significant operating synergy opportunities with the Advanced Materials & Structures (AMS) segment operations of SWM.#
According to the company, assuming all tax benefits fructify, the after-tax economic cost of the transaction is estimated to be around $220 million, which also includes potential long term earn out payments.
Conwed’s netting products are used in highway infrastructure development, oil and gas exploration, filtration, and construction. (AR)
Fibre2Fashion News Desk – India
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