Ultrafabrics has been sold to Daiichi Kasei Co.

Lincoln International (“Lincoln”), a leading global mid-market investment bank, represented Ultrafabrics, LLC (“Ultrafabrics” or the “Company”) in its sale to Daiichi Kasei Co., Ltd. (TYO:4235; “DKK”), a publicly traded company on the Tokyo Stock Exchange in Japan, for a total consideration that translates into an enterprise value of $150 million.

Ultrafabrics, based in Tarrytown, New York, and founded in 1999, is a pioneer in high-performance polyurethane fabrics. The Company has a track record of first-to-market innovations driven by state-of-the-art R&D capabilities to manufacture and distribute superior quality products for its original equipment manufacturer (“OEM”) customers. The Company is a leading OEM supplier to various end markets, delivering award-winning polyurethane fabrics. The Company’s end markets include furniture, automotive, RV, aviation, healthcare and marine.

Clay Rosenberg, Co-Founder and CEO of Ultrafabrics, commented, “With a strong understanding of Ultrafabrics’ value proposition, Lincoln executed a complex transaction which resulted in a successful outcome that allows Ultrafabrics and DKK to continue to grow. Lincoln’s deep industry knowledge and process guidance, combined with their superior execution abilities, led to outstanding results.”

Danielle Boecker-Primack, Co-Founder and President of Ultrafabrics, added, “Lincoln’s team remained highly engaged and involved throughout the process, providing key strategic advice and ultimately providing a successful outcome for us and our long-standing partner, DKK.”

Federico Mennella, Managing Director of Lincoln, said, “This transaction showcases Lincoln International’s unique ability to manage complex cross-border processes involving both public and private companies across geographies and industry verticals. We are delighted to have had the opportunity to generate significant value for Ultrafabrics and its shareholders.”

Lincoln acted as the exclusive financial advisor to Ultrafabrics, working closely with Ultrafabrics’ shareholders and senior management team throughout the sale process. This included providing advisory expertise and managing the preparatory, negotiation and due diligence phases of the transaction in the U.S. and Japan.

Ultrafabrics has been sold to Daiichi Kasei Co.
  • 2017
    Close Year
  • Industrials
    Industry
  • Private
    Client Type
  • Strategic | Cross-border
    Transaction Type
  • Japan | USA
    Countries

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