Alantra advises Cha Technologies on the sale of HDK Industries to Clean Solutions Group, a Branford Castle portfolio company
SECTORTechnology
ServiceM&A
Boston – Alantra advised Cha Technologies, a global conglomerate with diversified businesses in property, technology, textiles, financial services, and healthcare, on the sale of HDK Industries, a leading producer of wire back and self-supporting media for air filtration, liquid filtration and specialty medical materials, to Clean Solutions Group, the leading provider of environmentally responsible nonwoven filtration media and cleaning products, backed by Branford Castle Partners, a New York City and Florida based private equity firm.
Founded in 1985, HDK Industries specializes in custom-designed nonwoven fabrics for some of the largest global industries and markets, including HVAC filtration, potable water filtration, medical applications and industrial composites. HDK operates three manufacturing lines in Rogersville, TN, and services customers primarily in the US, Canada, Europe and Asia.
Clean Solutions Group is an ESG company dedicated to providing its customers with high quality and environmentally responsible nonwoven filtration media and cleaning products. Headquartered in Mooresville, NC, CSG serves over 1,800 customers through its Fibrix Filtration and Americo brands and operates 14 production lines in six facilities located in North Carolina, Georgia, and Texas.
Mr. Jacques Boubal, Group CEO of Cha Technologies, said: “We are very grateful for the partnership and support provided by the Alantra team. Their sector experience and relationships together with tireless execution were absolutely critical to the successful completion of this transaction.”
Paul Colone, Managing Partner added: “We are deeply appreciative to Cha for selecting us as their advisor for this landmark transaction in the air filter media sector. Together CSG and HDK will provide the filtration market with a broad set of products, technologies, and R&D capabilities. We thoroughly enjoyed working with the Cha and HDK teams and wish HDK all the best as it moves forward in partnership with CSG.”
