Seale & Associates Advises Oxbow on Sale of Oxbow Activated Carbon to a Private European Investor Group

Seale & Associates, Inc. announced that it advised Oxbow Carbon LLC on the sale of its Oxbow Activated Carbon business, a leading global provider of activated carbon filtration and purification solutions to customers across a broad range of industries and applications, to a European investor group with over 15 years’ of experience operating activated carbon businesses. The business has been re-named Puragen Activated Carbons and operates as a provider of superior, cost-effective activated carbon solutions.
“We are pleased to have completed another successful transaction for Oxbow and appreciate their continued trust in Seale & Associates,” said Robert Whitney, Managing Director.
Oxbow Carbon LLC, headquartered in West Palm Beach, Florida, is one of the nation’s largest private companies. The company is the world’s leading marketer of petroleum coke and calcined coke, and trades in other carbon and industrial products such as coal, gypsum, met coke and anthracite. Oxbow has significant operating assets globally including sea and land terminals, calcining plants, pet coke upgraders, and transportation assets. Oxbow has offices or facilities in approximately 25 countries and conducts business in almost 100 countries around the world.
Seale & Associates, Inc., headquartered in Arlington, Virginia, is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients’ most complex dealings. For more information, please visit www.sealeassociates.com.
By | February 17th, 2020|Blog, Engagements, News, Press Releases|0 Comments

Seale & Associates advises NAMCE on sale of Sanitaryware Business to Globe Union

SALTILLO, MEXICO – Seale & Associates, Inc. announced that it acted as exclusive financial advisor to NAMCE S. de R.L. de C.V., a ceramic sanitaryware manufacturer located in Saltillo, Mexico, on the sale of sanitaryware business to Globe Union Industrial Corporation (TPE: 9934), a global manufacturer of plumbing products sold into commercial and residential markets under the Gerber and Danze brands in North America. The acquisition provides future growth opportunities for Gerber branded products by increasing ceramic sanitaryware capacity in North America and diversifying the company’s supply base. With this acquisition, Globe Union will continue to enhance the supply of high-quality ceramic sanitaryware products and reduce lead time as it provides an established, successful manufacturing plant closer to its core North American market. The transaction was announced in September 2019.
“Seale has remained active in advising multinational clients in the building products sector, and in particular the bathroom products segment, going on 20 years,” said Brett Carmel, Senior Managing Director. “We originally advised Grupo Industrial Saltillo on the sale of their ceramic sanitaryware business to Villeroy & Boch in 2006. We later advised the shareholders of NAMCE on the acquisition of the Saltillo sanitaryware plant from Villeroy & Boch in 2011. Now, we are pleased to have had the opportunity to advise the shareholders of NAMCE on the sale of this sanitaryware plant to Globe Union. It is a rare privilege as an advisor to have had the opportunity to sell, acquire and sell again the same strategic production asset. We are honored to have earned the trust, confidence and respect of the key players in the sanitaryware industry.”
Globe Union Industrial Corporation (TPE:9924), headquartered in Taichung, Taiwan, is one of the world’s largest suppliers of plumbing products, including faucets, showerheads, bath accessories, porcelain fixtures and related hardware under various brand names, including Gerber and Danze in North America. Since 1932, Gerber Plumbing Fixtures has been a leading manufacturer of vitreous china plumbing fixtures, faucets, and fittings for the residential, commercial and hospitality construction markets in the United States and Canada. As of September 2019, the company had total LTM sales of approximately US$560 million (NTD$17.350 billion).
NAMCE S. de R.L. de C.V., headquartered in Saltillo, Mexico, manufactures, markets and distributes ceramic sanitaryware bathroom products.
Seale & Associates, Inc., headquartered in Arlington, Virginia, is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while providing innovative ideas and solutions to address our clients’ most complex dealings. For more information, please visit www.sealeassociates.com.
By | January 19th, 2020|Blog, Engagements, News, Press Releases|0 Comments

Seale & Associates Advises AZZ (NYSE: AZZ) on Two Additional Acquisitions in 2019

Seale & Associates, Inc. announced that it acted as exclusive financial advisor to AZZ, Inc. (NYSE: AZZ) on the acquisitions of Preferred Industries, Ltd. (Preferred), a privately held provider of powder coating services to customers in the Dallas-Fort Worth area and NuZinc, LLC, a privately held plating company in the Dallas-Fort Worth area. Through the acquisition of Preferred, AZZ gains its powder and e-coating operations, as well as its employees, which are based in a 155,000 square foot facility in Terrell, and an 89,600 square foot facility in Rowlett, Texas. Through the NuZinc acquisition, AZZ gains the plating operations, employees, and 29,000 square foot facility located in Garland, Texas. The acquisition of these facilities will integrate with the existing powder coating and plating operations AZZ operates in the area.

“We are pleased to have the opportunity to continue to assist AZZ in expanding its metal coatings business, adding unique capabilities in powder coating and plating,” said Robert Whitney, Managing Director at Seale & Associates.

Preferred Industries, Ltd., has provided regional powder coating and electroplating services to customers in Texas for 35 years. With 244,600 square feet of production space and with locations in Rowlett and Terrell, Texas, the company is a leader in powder coating and industrial wet paint services in the Dallas-Fort Worth Metroplex.

NuZinc, LLC, headquartered in Garland, Texas, has provided regional powder coating, galvanizing and electroplating services to customers in Texas since 1993. With 29,000 square feet of production space, provides electroplating services to several industries in the Dallas-Fort Worth area.

AZZ Inc. is a global provider of metal coating services, welding solutions, specialty electrical equipment and highly engineered services to the markets of power generation, transmission, distribution and industrial in protecting metal and electrical systems used to build and enhance the world’s infrastructure. AZZ’s Metal Coatings Segment is a leading provider of metal finishing solutions for corrosion protection, including hot dip galvanizing to the North American steel fabrication industry. AZZ’s Energy Segment is dedicated to delivering safe and reliable transmission of power from generation sources to end customers, and automated weld overlay solutions for corrosion and erosion mitigation to critical infrastructure in the energy markets worldwide.

Seale & Associates, Inc., headquartered in Arlington, Virginia, is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients’ most complex dealings. For more information, please visit www.sealeassociates.com.

By | January 10th, 2020|Blog, Engagements, News, Press Releases|0 Comments

Seale Advises Triumph Group, Inc. on the Sale of its Nashville Operations to TECT Aerospace

NASHVILLE, TENNESSEE – Seale & Associates, Inc. announced that it acted as exclusive financial advisor to Triumph Group, Inc. (NYSE:TGI) on the sale of its Nashville operations to affiliates of TECT Aerospace. The Nashville based operations offer build-to-print, higher-level assembly capability including structural aircraft subassembly, as well as long and large part machining, processing, forming, and painting. The site employs approximately 300 people who support wing skin assembly and machining of stringers and spars. The two million square foot site has served the aviation, defense and transportation industries for 80 years under a variety of owners.

“Triumph continues to make great progress on its multi-year transformation plan to reshape its portfolio. We are pleased to have had the opportunity to assist them again in executing that plan,” said Robert Whitney, Managing Director. “We believe this transaction is a win for all involved and wish TECT and the Nashville team future success with the business.”

Triumph Group, Inc., headquartered in Berwyn, Pennsylvania, designs, engineers, manufactures, repairs and overhauls a broad portfolio of aircraft structures, components, accessories, subassemblies and systems. The company serves a broad, worldwide spectrum of the aviation industry, including original equipment manufacturers of commercial, regional, business and military aircraft and aircraft components, as well as commercial and regional airlines and air cargo carriers.

TECT Aerospace manufactures high-precision, complex components and assemblies and specializes in global supply chain management, featuring TECT Hypervelocity®, a fully integrated manufacturing process producing high-speed aluminum monolithic parts capable of jig and jigless assembly.

Seale & Associates, Inc., headquartered in Arlington, Virginia, is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients’ most complex dealings. For more information, please visit www.sealeassociates.com.

By | January 6th, 2020|Blog, Engagements, News, Press Releases|0 Comments

Seale Advises Oxbow Carbon on the Sale of Oxbow Sulphur to H.J. Baker & Bro.

WEST PALM BEACH, FLORIDA – Seale & Associates, Inc. (“Seale”) announced that it acted as exclusive financial advisor to Oxbow Carbon, LLC (“Oxbow”) on the sale of Oxbow Sulphur (“Sulphur”), a leading sulphur and sulphur-based products distribution, marketing, and trading company moving more that 4 million tons annually, with over US$500M in annual sales, to H.J. Baker & Bro, LLC, (“H. J. Baker”) a global manufacturer and supplier in the animal health, nutrition, and sulphur industries.

“We’re proud to have served Oxbow once again on another important transaction” said Jim Seale, President of Seale & Associates. Carlos Hernandez, Managing Director, added: “While this was a complex project operating on a global scale, we enjoyed working with Oxbow and H. J. Baker to solve the many interesting challenges in this transaction”.

Oxbow Sulphur, formerly known as ICEC, is the largest independent marketer of sulphur and sulphur-based products in the world. Sulphur serves refineries and gas producers, as well as fertilizer producers, mining companies, and other clients in a wide range of industries. The company owns the largest independent sulphur rail car fleet in North America, and is present in 15 countries, with operations and facilities in Canada and the United Kingdom, as well as sales offices in the United States, Canada, Kazakhstan, China, Singapore, and the Netherlands.

Oxbow Carbon, LLC, headquartered in West Palm Beach, Florida, is one of the nation’s largest private companies. The company is the world’s leading marketer of petroleum coke and calcined coke, and trades in other carbon and industrial products such as coal, gypsum, met coke, anthracite, and activated carbon. Oxbow has significant operating assets globally including sea and land terminals, calcining plants, pet coke upgraders, and transportation assets. Oxbow has offices or facilities in approximately 25 countries and conducts business in almost 100 countries around the world.

H.J. Baker & Bro., LLC, headquartered in Shelton, Connecticut, is a global manufacturer and supplier of products in the animal health, nutrition, and sulphur industries. Founded in 1850, the company offers crop nutrients, including micronutrients, organic fertilizers, and sulphur fertilizers; elemental sulphur products; and feed ingredients, including protein concentrates, dairy by-pass protein supplements, and feed fats for the poultry, dairy, swine, and aquaculture industries.

Seale & Associates, Inc., headquartered in Arlington, Virginia, is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients’ most complex dealings. For more information, please visit www.sealeassociates.com.

By | September 18th, 2019|Blog, Engagements, News, Press Releases|0 Comments

Seale & Associates Advises United Technologies (NYSE:UTX) on Sale of Unitec Elevator

NEW YORK, NEW YORK – Seale & Associates, Inc. announced that it acted as exclusive financial advisor to United Technologies Corporation (NYSE:UTX) on the sale of Unitec Elevator, a leading provider of elevator maintenance, modernization, and code compliance services to Pacific Avenue Capital Partners, LLC.

“We are pleased to have had the opportunity to assist United Technologies on this important transaction and on their continued portfolio realignment” said Robert Whitney, Managing Director at Seale & Associates. “We also wish the management of Unitec and Pacific Avenue the best of luck and future success in business.”

Unitec Elevator is one of largest and most experienced providers of elevator maintenance, modernization, and code compliance services in New York City and the surrounding boroughs. Unitec Elevator serves over 2,600 elevators under maintenance with more than fifty-five active modernization projects. Unitec’s management is supported by more than forty dedicated maintenance teams, seventeen testing and repair teams, and sixty modernization technicians.

United Technologies Corporation., headquartered in Farmington, Connecticut, provides high technology products and services to the building and aerospace industries.

Pacific Avenue Capital Partners, LLC headquartered in Los Angeles, California, is a private investment firm that is focused on corporate divestitures and other special situations in the lower middle market. Pacific Avenue acquires controlling interests in businesses across multiple industries including industrials, business services, healthcare services, and building products.

Seale & Associates, Inc., headquartered in Arlington, Virginia, is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients’ most complex dealings. For more information, please visit www.sealeassociates.com.

By | September 18th, 2019|Blog, Engagements, News, Press Releases|0 Comments

Seale & Associates Advises Grupo Torrey on the Sale of their business to FEMSA (BMV: FEMSA)

MEXICO CITY, MEXICO — Seale & Associates, Inc. (“Seale”), announced that it acted as exclusive financial advisor to the shareholders of Grupo Torrey on the sale of their business to FEMSA. Torrey is the leading independent commercial kitchen equipment company in Mexico. FEMSA (BMV: FEMSA) is a diversified conglomerate in consumer products and convenience stores.

Torrey was founded in 1969 in Monterrey, Nuevo León. Its product line includes refrigerators, meat slicers, scales and measuring equipment, among others. The company exports products globally and serves its customers in Mexico through a strong network of distributors.

FEMSA is a leading Mexican company that participates in the beverage industry through Coca-Cola FEMSA, the largest Coca-Cola product bottler in the world, in the beer industry, through its ownership of the second largest shareholding in Heineken and in its convenience store division, with OXXO, the largest and fastest growing convenience store chain in Latin America.

Seale & Associates, Inc., headquartered in Arlington, Virginia, is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients’ most complex dealings. For more information please visit www.sealeassociates.com.

By | July 4th, 2019|Blog, Engagements, News, Press Releases|0 Comments

Seale & Associates Advises Anne Sullivan in its Partnership with Discovery Americas

MEXICO CITY, MEXICO — Seale & Associates, Inc. (“Seale”) announced that it acted as exclusive financial advisor to the shareholders of Anne Sullivan in its partnership with Discovery Americas through its educational platform Merited, which invests in schools throughout the Mexican Republic.

Anne Sullivan School was founded more than 35 years ago and is characterized by offering a complete program of 360 degrees of transversal application with a high degree of personalization.

Discovery Americas is a private equity fund with 15 years of experience with investments in different industries including logistics and transportation, financial services, health and consumer services. Their platform Merited is in charge of consolidating opportunities in the education sector in Mexico. It currently has 3,200 students spread across 3 schools and continues to search for investment opportunities.

Seale & Associates, Inc., headquartered in Arlington, Virginia, is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients’ most complex dealings. For more information please visit www.sealeassociates.com.

By | July 4th, 2019|Blog, Engagements, News, Press Releases|0 Comments

Seale & Associates Advises Arca Continental on the Acquisition of Carolina Country Snacks

MONTERREY, MEXICO – Seale & Associates, Inc. (“Seale”) announced it acted as exclusive financial advisor to Arca Continental, S.A.B. de C.V. (BMV: AC), the second-largest Coca-Cola bottler in Latin America and parent company of Wise Snacks, Deep River, Bokados and Inalecsa, on the acquisition of Carolina Country Snacks (“CCS”), a manufacturer and distributor of pork rinds and salty snack products in the United States. Through this acquisition, Arca Continental strengthens its US snacking offering and leadership by adding a staple pork rinds brand to its product lines, while strengthen its distribution presence in the North East U.S.

“Snacking is stronger than ever and so is the competition for finding quality opportunities that actually create value for our clients. We are delighted in assisting our friends at Arca Continental acquire CCS and witness its growth under the attractive AC Snacks portfolio.” commented Adan E. Sierra, Managing Director, Seale & Associates. Previously, Seale was the exclusive financial advisor to Arca Continental on the acquisition of Wise Foods in 2012 and Deep River in 2017.

Founded by Dwight Frazier, Carolina Country Snacks is a manufacturer of salty snack products on the eastern coast of the United States, operating in 26 states with strong presence in North and South Carolina. Best known for its pork rinds, Carolina Country Snacks also offers cheese curls and popcorn snacks. Headquartered in Henderson, North Carolina, the Company operates 3 manufacturing facilities with a combined area of 44,000 sq. ft.

Arca Continental is a company dedicated to the production, distribution, and sale of non-alcoholic beverages which are brand names of The Coca-Cola Company as well as salty snacks under the brands of Bokados in Mexico, Inalecsa in Ecuador, and Wise and Deep River in the United States. With an outstanding track record of more than 92 years, Arca Continental is the second largest Coca-Cola bottling company in Latin America and one of the most important in the world. Within its Coca-Cola franchise, the company serves a population of more than 83 million in the northern and western parts of Mexico as well as Ecuador, Peru, the northern region of Argentina and the Southwestern United States. Arca Continental had total sales of approximately US$8.3 billion for the last twelve months as of September 30, 2018. Arca Continental is listed on the Mexican Stock Market under the ticker symbol “AC” with a current market capitalization of approximately US$9.9 billion.

Seale & Associates, headquartered in Arlington, Virginia, is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients’ most complex dealings. For more information please visit: www.sealeassociates.com

By | July 1st, 2019|Blog, News, Press Releases|0 Comments