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.
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.