Mercury Plastics, Inc. has been acquired by Masco Corporation

Southfield – CFI USA (P&M Corporate Finance LLC) served as financial advisor in the sale of Mercury Plastics, Inc. (‘Mercury Plastics’ or the ‘Company’) to Masco Corporation (‘Masco’, ISIN: US5745991068, ticker symbol: MAS). Based in Middlefield, Ohio, Mercury Plastics is a plastics processor and manufacturer of water handling systems for appliance and faucet applications, as well as other highly engineered plumbing products, tubing, and assemblies. Mercury Plastics operates multiple facilities in Ohio, has revenues of approximately $45 million and employs approximately 300 people. The Company will become part of Masco’s Plumbing Products segment.

Mercury Plastics is a specialty, niche business with significant engineering and technical capabilities for a company of its size. The Company also has a wide range of manufacturing capabilities including extrusion, injection overmolding, blow molding, forming, fabrication and e-beam cross-linking. These combined capabilities have enabled Mercury Plastics to develop an extensive portfolio of both proprietary and patented products as well as provide customers with the best possible product solution for a particular application.

Headquartered in Livonia, Michigan, Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Its portfolio of industry-leading brands includes Behr® paint; Delta® and Hansgrohe® faucets, bath and shower fixtures; KraftMaid® and Merillat® cabinets; Milgard® windows and doors; and Hot Spring® spas.

The transaction closed on 1 December 2017.

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Transaction details

Mercury Plastics, a plastics processor and manufacturer of water handling systems for appliance and faucet applications, as well as other highly engineered plumbing products, tubing, and assemblies, has been sold to Masco Corporation