Argotec acquired by Schweitzer-Mauduit International (SWM)

UNITED STATES Chemicals & Materials / Material Transformation / Plastics EV $300–700M

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 [members only] in 2015, is valued in this transaction at an EV/EBITDA multiple of 10x–18x, to compare with the average currently observed in the Industry & Manufacturing sector (11.7x in 2026).

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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.

Ent. Value

$300–700M

Equity Value

[members only]

Multiples

EV / Revenue

1x–3x

EV / EBITDA

10x–18x

EV / EBIT

[members only]

Historical Financials (USD)

Year

Rev

EBITDA

EBIT

2015

2014

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REFERENCES

Valuation range: EV $300–700M

Revenue range: $100–200M

EBITDA range: $10–30M

EV/Revenue range: 1x - 3x

EV/EBITDA range: 10x - 18x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Argotec by Schweitzer-Mauduit International (SWM) are reserved for mynth community members. Register for free to unlock full data.

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)

FAQ

What transaction does this page cover?

This page covers Schweitzer-Mauduit International’s acquisition of 100% of Argotec, an American company specialised in Material Transformation, in 2015.

How was the acquisition of Argotec by Schweitzer-Mauduit International valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the $300–700M band, its EV/EBITDA multiple within the 10x - 18x range, and its EV/revenue multiple within the 1x - 3x range. Exact figures are available to members.

What were Argotec’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Argotec generated annual revenue estimated in the $100–200M range and EBITDA in the $10–30M bracket (FY 2015). Detailed financial figures are available to members.

How does the valuation of Argotec compare to benchmarks in the Industry & Manufacturing sector?

With an estimated valuation multiple in the range of 10x - 18x in 2015, the transaction reflects historical valuation standards. By way of comparison, in 2026 companies in the Industry & Manufacturing sector are valued at a multiple of 11.7x EBITDA.

What sources support the information on this transaction?

Transaction intelligence is supported by independent reporting from specialized financial publications, alongside a private document shared by the community and verified by the mynth team to ensure the accuracy of the shared information.

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