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HEALTHCARE M&A AND VALUATION
NEWS & INSIGHTS

Medical Device CDMO M&A: KKR Sells Minnesota Rubber and Plastics (~10x Synergy-Adjusted EBITDA)

Trelleborg Group, a global leader in engineered polymer solutions, has acquired Minnesota Rubber and Plastics (MRP) for $950 million on a cash and debt-free basis from investment firm KKR. With approximately $220 million in LTM revenue, the deal implies a multiple of 4.3x revenue. MRP is a leading US-based manufacturer of custom elastomeric and thermoplastic components. The company has a strong track record of innovation and growth, and it serves a wide range of customers in the medical device, automotive, aerospace, and other industries.


Medical Device CDMO and Components EBITDA Multiples


According to reporting from Private Equity Professional, the deal implies a multiple of approximately 10x EBITDA including future synergies. The synergy-adjusted EBITDA figure is not directly comparable to the majority of deals in the Scope database, so what looks like a lower-end multiple may actually be closer to or above the median for medical device CDMO and components deals.


Medical Device CDMO and Components EBITDA Multiples
Medical Device CDMO and Components EBITDA Multiples

About Scope Research


The Scope Research Healthcare M&A Valuation Database currently has financial details for 258 medical device deals going back to 2010, 132 of which include reported EBITDA multiples. The medical device M&A deals can be purchased individually, while our affordable annual subscriptions provide access to all of our healthcare M&A databases and segments, updated continuously. Don't hesitate to reach out to Will Hamilton at will@scoperesearch.co with questions about your specific situation.





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