An affiliate of private equity firm HIG Capital has sold its portfolio company Vaupell Holdings to Sumitomo Bakelite for USD265 million.
Headquartered in Seattle, Vaupell develops and produces thermoplastic and composite solutions to the aerospace industry as well as niche commercial and medical applications.
“HIG has been a tremendous partner to Vaupell and has been instrumental in helping us establish and execute our growth strategy,” says Joe Jahn, chief executive officer of Vaupell.
"We are very proud of what we have accomplished together with the Vaupell management team,” says Jeff Zanarini, a managing director of HIG. “The company achieved significant revenue and EBITDA growth during our ownership, which yielded an outstanding investment outcome for Vaupell management, HIG and its investors. We have every confidence that the company will continue its pioneering leadership as a member of the Sumitomo Bakelite aerospace division.”
