Mikron Industries is the leading manufacturer of technologically advanced, custom polyvinyl chloride (“PVC”) profiles, and engineered thermoplastic composite products used in the fabrication of windows, doors, and window coverings, with annual revenues in excess of $215 million. The Company serves the leading window and door fabricators in North America from manufacturing facilities in Kent, WA, Richmond, KY and Rockford, IL.
Mikron’s shareholders elected to pursue a sale of the business in an effort to further strengthen the company’s market position and assure access to the financial resources needed to continue the legacy of growth and technical innovation started in 1969 by the Company’s founder, Ron Sandwith.
Zachary Scott was engaged as exclusive financial advisor to plan and execute the sale of the business.
Zachary Scott organized a confidential sale process that attracted bids from industry participants, as well as large, well-qualified private equity funds. A highly competitive process concluded with the sale of Mikron to Quanex Corporation (NYSE: “NX”), a $1.5 billion, industry-leading manufacturer of value-added engineered materials and components serving the building products market. The transaction was structured as a cash sale of 100% of the stock of Mikron for an enterprise value of approximately $205 million.