SC&H Capital, an investment bank specializing in M&A advisory, acted as the exclusive investment banker to P-D Valmiera Glass in the sale of substantially all of its assets to Saint-Gobain Adfors America.
Valmiera, a producer of glass fiber materials and related products, retained SC&H Capital and was approved by the U.S. Bankruptcy Court for the Northern District of Georgia to find a buyer for the company. Valmiera operated both a needle mat facility and a fiberglass furnace on 95 acres in Dublin, GA. With almost 450,000 square feet, the facilities at one point employed more than 400 people.
“When we were retained, the goal was to find a buyer with the financial and operational wherewithal to restart the furnace and bring these jobs back,” Matt LoCascio, principal at SC&H Capital, said. “After an extensive marketing process that covered the globe, the offer from Saint-Gobain presented the best opportunity to satisfy those objectives. These are highly specialized assets, and there are only a handful of groups in the world that are qualified to oversee an operation like this. We feel the sale to Saint-Gobain was the best option available for all stakeholders and wish them the best as they move forward as the new owners.”
Saint-Gobain, a French multinational corporation founded in 1665, produces a variety of construction and high-performance materials. The company is a component of the Euro Stoxx 50 stock market index and has more than 180,000 employees in 67 countries. Despite challenges from COVID-19 and an inability to visit the facility after early 2020, Saint-Gobain closed the transaction earlier this month.
Other professionals who worked on the transaction include:
- Rob Williamson and Ashley Ray of Scroggins & Williamson, who served as Valmiera’s counsel
- Gary Marsh of Troutman Sanders, who served as counsel to SEB Banka
- Colin Bernardino and Todd Meyers of Kilpatrick Townsend & Stockton, who served as counsel to the official committee of unsecured creditors
- Matt Dundon and Alex Mazier, who served as financial adviser to the official committee of unsecured creditors