Stout Advises Polyfab on Sale to DAIHO
Stout announced today that its client, Polyfab, LLC, has been acquired by DAIHO USA Corp., a subsidiary of DAIHO Industrial Co., Ltd., (collectively “DAIHO”). Stout served as the exclusive financial advisor to Polyfab in connection with the transaction.
DAIHO is a leader in the plastics processing industry in Japan, mainland Asia, and Europe where its products are used for various end markets, including home electronics, automobiles, office automation equipment, and housing goods. No immediate changes are planned for either company, and the contracts, services, and resources available to Polyfab’s customers and suppliers will not be affected.
Founded in 1971 and headquartered in Sheboygan, WI, Polyfab is a leading injection molder offering a full suite of plastic design, manufacturing, and related value-added services for a variety of sectors including consumer packaging, home and commercial building improvement, industrials, consumer products, and healthcare.
“We respect Polyfab’s design and engineering expertise, in-house automated manufacturing technologies, and strong salesforce,” said Shoji Kunitomo, Chairman, President and CEO of DAIHO Industrial Co., Ltd. “We are excited to work with the Polyfab team and are committed to becoming a top-ranked global plastic manufacturing company.”
“The Polyfab team is excited and looking forward to joining the DAIHO Group,” said Scott Doleshaw, President and CEO of Polyfab. “Our opportunity to be the first business entity in the United States for DAIHO speaks to their confidence in Polyfab to grow our presence nationally.”
“DAIHO is a world-class organization that will bring added strengths in technical support and speed to market for Polyfab,” said Stout Managing Director Mike Benson, who led the transaction. “Together, they’ll become a single-source injection molding partner for current and future customers.”
Stout’s Chris Hannah, Davis DeKorte, and Rohan Parikh assisted in executing the deal.
Reinhart Boerner Van Deuren served as the legal advisor and deal counsel to Polyfab, Barnes & Thornburg LLP served as the legal advisor and deal counsel to DAIHO, and Takenaka Partners served as exclusive financial advisor to DAIHO.