An acquisition allowing PROTEX International to expand its activities in the US market.
- In May 2024, the shareholders of Protex International, Mr. Robert Moor and his family, an independent French company specialized in manufacturing niche chemicals, has acquired 100% of Greenfield Manufacturing Inc., a US manufacturer of specialty chemicals.
- Greenfield Manufacturing Inc. is an industrial company specializing in chemicals manufacturing, founded by Duane Palmateer, and based in Saratoga Springs, NY.
- The Protex International group is offering services to ensure the development, manufacturing, and distribution of specialty chemicals additives for a wide range of sectors.
- This acquisition strengthens the position of Protex and its US subsidiaries (Protavic America) in the US market with now 2 locations.
- The Protex International group has a long history of commitment to innovation and quality in the field of specialty chemicals. With its strong family values, the group shares with GMI a common passion for innovation, and customer satisfaction.
A transaction supported by Altios Corporate Finance
- The role of Altios Corporate Finance was to support Protex International group in its M&A strategy in the US. The mandate involved several steps, from identifying companies that complement Protex International group in terms of geography and business lines, contacting the relevant targets, carrying out a financial analysis of these targets, and finally assisting the group through the negotiations and due diligence phases up to closing.
- The role of Altios Corporate Finance:
- Screening of the US market
- Approach the qualified targets
- Financial analysis and valuation of the target company
- Due diligence coordination
- Support in negotiating LOI, SPA & other transactional documents
Testimonial of Protex International
„ The common values shared by GREENFIELD MANUFACTURING Inc. and PROTEX INTERNATIONAL – commitment to innovation and constructive relationships with our American customers – will ensure a smooth integration and maximize synergies.”
Robert Moor, CEO & Chairman at Protex International
Testimonial of Altios Corporate Finance
„ We are pleased to have finalized this deal enabling Protex to strengthen its presence in the US. The similar values with GMI and its focus in specialty chemical products will ensure a smooth integration and maximize the synergies.”
Alexandre Kaplan, M&A Director Altios
Advisors
Buyer’s advisors:
- Altios Corporate Finance (M&A): Alexandre Kaplan, Camille Garbolino and Nicolas Vacher
- Mirick O’Connell (Legal): David E. Surprenant and Andrew A. Croxford
- Shaheen, Pallone & Associates (Financial / CPA): Bill Shaheen Sr. and Bill Shaheen
Sellers’ advisors:
- Independent (Legal): William W. Dailey
- Independent (Financial / CPA): Rebecca J. Herrick
Contact Press: Alexandre Kaplan, M&A Director, a.kaplan@altios.com
