Mearthane Products Acquires Axillon Aerospace Industrial Composites and Polyurethane Operations

Trelleborg Group Acquires Aero-Plastics Inc.

February 18, 2025

Aerospace & Defense

Trelleborg Group, through its Trelleborg Sealing Solutions business area, has signed an agreement to acquire Aero-Plastics Inc., a Renton, Washington-based manufacturer of precision injection-molded and thermoformed high-performance polymer components for the aerospace interiors market. The acquisition — expected to close in Q2 2025 — expands Trelleborg's thermoplastics and interiors capabilities, adds capacity and customer relationships, and is intended to generate sales synergies within its aerospace offering.

Aurora Material Solutions Acquires Lastique International Corporation

December 5, 2024

Manufacturing

Aurora Material Solutions, backed by private equity sponsor Nautic Partners, has acquired Lastique International Corporation and will integrate the business into its Sustainable Product Solutions platform. Lastique, a leading recycler and supplier of rigid PVC and other thermoplastic resins, will operate as a standalone segment under Aurora with existing management retained and will expand Aurora's recycled-content and closed-loop capabilities.

SK Capital Acquires Parker Hannifin's North America Composites & Fuel Containment Division (renamed Axillon Aerospace)

July 30, 2024

Aerospace & Defense

SK Capital Partners has signed a definitive agreement to acquire the North America Composites & Fuel Containment (CFC) Division of Parker Hannifin and completed the acquisition, renaming the business Axillon Aerospace. The division is a leading producer of engineered carbon fiber composite components and fuel containment solutions for defense and commercial aerospace, generating about $350 million in annual sales, operating six North American manufacturing sites, and employing ~1,700 people.

CW Industrial Partners Acquires Mantaline Corporation

March 12, 2024

Manufacturing

CW Industrial Partners acquired Mantaline Corporation, a manufacturer of customized extruded elastomeric profiles used in automotive, heavy truck, and other industrial end markets. The transaction was completed March 1, 2024 and marks CWI’s first platform investment in 2024.

Aldine Invests in AIT Consulting Services and Mearthane Products Corporation

February 23, 2023

Professional Services

Aldine Capital Partners provided subordinated-note and equity investments in two companies: OneStream advisory firm AIT Consulting Services (co-investing with Four Count Holdings) and polyurethane elastomers manufacturer Mearthane Products Corporation (co-investing with Compass Group Equity Partners). The transactions supply junior capital and equity to support growth and capability expansion for each business.

H.I.G. Capital Affiliate Acquires Covestro's European Polyurethane Systems Business (Plixxent)

January 17, 2019

Manufacturing

An affiliate of H.I.G. Capital has signed a definitive agreement to acquire Covestro AG's European Polyurethane Systems business in a carve-out transaction, with closing expected in the second half of 2019 pending regulatory clearance. The business — operating four systems houses across Germany, Denmark, the Netherlands and Spain and employing ~250 people with ~€230m sales — will be run independently (to operate as Plixxent) and used as a platform for pan‑European expansion and add-on acquisitions.