Formerra, LLC
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Formerra, LLC - overview
Location
Cleveland, OH, US
Primary Industry
Logistics & Distribution
About
Based in the US, Formerra, LLC operates as a distributor of sustainable and specialized material solutions. In August 2022, HIG Capital agreed to acquire Formerra, LLC from Avient Corporation for USD 950 million in cash. The firm primarily caters to healthcare, transportation, packaging, and consumer. Formerra, LLC offers a lightweight sustainable and custom portfolio of polymers, colorants, additives, and services to original equipment manufacturers and custom processors.
Additionally, the company offers product development assistance, manufacturing support, and supply chain optimization solutions.
Current Investors
H.I.G. Capital
Primary Industry
Logistics & Distribution
Sub Industries
Industrial Wholesalers, Advanced Materials
Website
www.formerra.com
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Formerra, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Suministro de Especialidades, S.A. de C.V. | - | ||||||||
| Add-on | Completed | Total Polymer Solutions Limited | - | ||||||||
| Buyout | Completed | Formerra, LLC | - |
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Formerra, LLC - employee data
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