Status: In Portfolio
Deal type: Management buyout
Investment date: December 2019
Mergon, an international manufacturer of injection moulded and blow moulded plastic products, has a strong operating platform for organic growth and bolt-on acquisitions.
The business – based in Ireland – designs, manufactures and supplies a diverse range of products to a blue-chip customer base across the automotive, industrial and healthcare sectors.
It has manufacturing facilities in Ireland, the US and Czech Republic, and more than 660 employees.
“We were attracted to the entrepreneurial culture of the team at Elysian and their success at helping companies like ours. We are looking forward to working with them as we continue to grow the business and expand into new markets, in particular in China, and seek out acquisitions.”
Chief Executive, Mergon
Mergon’s state-of-the-art facilities include automated manufacturing through the use of robotics, meaning improved efficiency, quality and competitiveness. Its products include packaging, automotive air management systems, safety barriers, tool cases and diagnostic test kits.
The business has established long-term customer relationships across all its target sectors and achieved especially strong revenue visibility in automotive.
Following the investment, we have worked with the management to enhance systems and processes, and to identify potential bolt-on acquisitions.
We are particularly keen to accelerate Mergon’s growth opportunities in the industrial sector.
Under our ownership, Mergon has: