Corporate Finance Associates Advises Poly-Nova Technologies in Sale to Starlim
April 11, 2011 (PRLEAP.COM) Business NewsLos Angeles - Corporate Finance Associates (CFA), an international middle-market investment banking services firm providing merger and acquisition, business valuation, capital resources, and financial advisory services, announced it assisted Ontario, Canada based Poly-Nova Technologies, Inc. in the sale to Starlim/Sterner GmbH of Marchtrenk, Austria.
Poly-Nova Technologies is a world leader in state-of-the-art rubber molding and material development of highly-engineered parts for the automotive, appliance, and electrical markets. The company, founded in 1996, employs approximately 100. Known for its high-volume wasteless/flashless molding technology, Poly-Nova's products are widely used by other "best in class" leaders in the automotive, appliance and electrical markets. Poly-Nova's entire team will remain intact which in turn will facilitate a seamless transition.
CFA searched for a strong strategic growth partner for Poly-Nova. "The joining of Poly-Nova and Starlim is a combining of 2 world class companies that share fundamental philosophies about integrity, customer focus, fairness, technical innovation, quality and continuous improvement. This acquisition is an outstanding fit for both organizations", said Doug Nix, Managing Director of CFA's Ontario, Canada office.
Starlim is a global leader in liquid injection molding of silicon parts for the auto and medical industry. The Starlim Group has remained on a steady course of expansion, with recent expansions to facilities in Germany and Italy. Starlim's North American presence has steadily expanded since its inception in 2004 and they currently run 45 injection molding machines.
On April 4, 2011, Starlim North America Corp. acquired Poly-Nova Technologies, Inc. in a private transaction. The details were not disclosed. Doug Nix of CFA Oakville, Ontario, Canada advised Poly-Nova Technologies in the transaction.
About Corporate Finance Associates
Corporate Finance Associates is a major investment banking services firm, providing middle-market companies with a wide range of financial advisory services in support of mergers, acquisitions, divestitures, capital sourcing, and corporate restructuring. From project inception to completion a senior principal guides clients through every challenge, advocates on their behalf, and leverages CFA's experience and extensive resources. CFA has over 20 offices in United States, three in Canada, three in India and 13 partner offices throughout Europe and Latin America. More information about buying or selling a business is available via the Internet at www.corporatefinanceassociates.com.
For more information, contact:
Doug Nix | CFA Oakville, Ontario, Canada | 905.845.4340 x211