ILC Dover, a designer and manufacturer of engineered fabric and film products and a portfolio company of Behrman Capital, has acquired Grayling Industries, a producer of industrial packaging products and environmental safety products. Grayling Industries will operate as a wholly owned subsidiary of ILC Dover.
Grayling Industries is a manufacturer of industrial packaging and environmental safety products including intermediate bulk containers and liners and products for contamination control on asbestos abatement projects. The company’s brand names include Guardian IBC container liners for liquid and dry applications; PaperIBC containers; Avail glovebags; Control chemicals; D-Con disposable showers; and Durapax disposal bags for asbestos abatement. The company is based in Alpharetta, GA (www.graylingindustries.com).
ILC Dover is a designer and manufacturer of space suits for NASA as well as a range of government and industrial engineered fabric and film products. Markets served include the aerospace, personal protection and pharmaceutical industries. The company is known for its production of space suits for NASA and its products have been used on the moon, on Mars and around the globe. ILC Dover was founded in 1947 and is based in Frederica, DE (www.ilcdover.com).
The addition of Grayling’s line of packaging products will strengthen ILC Dover’s position in the global pharmaceutical powder containment market while its engineering, testing, and materials development competencies will allow Grayling to develop new products for its industrial packaging and asbestos abatement customers.
“During the acquisition and due diligence process it was very rewarding and encouraging to see how aligned Grayling and ILC Dover are in focusing on the present and emerging needs of their customers. Grayling has a history of exceeding the expectations of their customers and this is in line with how ILC Dover operates,” said William Wallach, CEO of ILC Dover.
Behrman Capital invests in management buyouts, leveraged buildups and recapitalizations of established growth businesses. The firm’s investments are primarily focused in five industries: health care, specialty manufacturing, business to business outsourcing, defense and information technology. Behrman Capital currently has in excess of $3 billion in assets under management. The firm was founded in 1991 and has offices in New York and San Francisco (www.behrmancap.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 1-8-13
