Neenah, Inc. Acquires Vectorply Corporation
March 3, 2020
Neenah, Inc. agreed to acquire Vectorply Corporation from MSouth Equity Partners for $155 million in cash. Vectorply, a Phenix City, Alabama-based manufacturer of high-performance composite reinforcement fabrics with annual sales over $70 million, will broaden Neenah's technical products platform and is expected to close April 1, 2020.
- Buyers
- Neenah, Inc.
- Targets
- Vectorply Corporation
- Sellers
- MSouth Equity Partners
- Industry
- Manufacturing
- Location
- Alabama, United States
- Transaction Type
- Buyout
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MSouth Equity Partners, in partnership with Vectorply management and Northstar Capital, closed the acquisition of Vectorply Corporation, a developer and manufacturer of high-performance reinforcement fabrics for composite materials. The investment positions Vectorply to capitalize on growth in wind energy and other end markets including marine, transportation and sports/recreation.
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