ARGOTEC acquired by SCHWEITZER-MAUDUIT INTERNATIONAL (SWM)
Context
Schweitzer-Mauduit International (SWM), a U.S.-listed industrial group committed to diversifying its operations into specialty materials, has finalized the acquisition of Argotec, a U.S.-based specialist in thermoplastic polyurethane (TPU) technical films, from private equity firm Wind Point Partners. Prior to the transaction, Argotec was owned by Wind Point Partners, which oversaw a growth phase marked by product portfolio expansion and geographic diversification into new markets, particularly in the medical and industrial sectors. This trajectory strengthened Argotec’s position in high-value technical film segments. For SWM, this acquisition is part of a broader transformation strategy aimed at reducing the group’s historical dependence on technical paper and tobacco-related activities in favor of advanced polymer materials. Argotec complements SWM’s existing capabilities in resin extrusion and processing, further enhancing its exposure to high-performance technical films for demanding industrial applications.
ARGOTEC, which reported an EBITDA margin of in 2015, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Industry & Manufacturing sector (11.6x).
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Target
Argotec is an industrial company specializing in the extrusion of thermoplastic polyurethane (TPU) technical films. It designs and processes advanced polymers for high-performance applications, where demands for mechanical strength, transparency, and thermal stability are exceptionally high. The company primarily serves technology-intensive niche markets, such as automotive surface protection (Paint Protection Film), glazing safety, and advanced medical devices. In these sectors, its films play a critical functional role by ensuring the protection and durability of underlying materials.
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REFERENCES
Valuation range: EV 300M - 700M USD
Revenue range: 100M - 200M USD
EBITDA range: 10M - 30M USD
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Target: argotec
Acquirer: schweitzer-mauduit international (swm)