mynth
09/2015

ARGOTEC acquired by SCHWEITZER-MAUDUIT INTERNATIONAL (SWM)

UNITED STATES Chemicals & Materials / Material Transformation / Plastics EV 300M - 700M USD

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.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (USD)

Year
Rev
EBITDA
EBIT
2015
2014

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REFERENCES

Valuation range: EV 300M - 700M USD

Revenue range: 100M - 200M USD

EBITDA range: 10M - 30M USD

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)