Exit Strategies Group Advises on the Sale of Poly Seal Industries

Exit Strategies Group recently advised the owner of Poly Seal Industries on a sale to Goodyear Rubber Company.

Founded in 1974, Poly Seal Industries is a Berkeley, California based manufacturer of molded rubber products for customers in the biopharmaceutical, water & wastewater treatment, chemical, healthcare, food & beverage, and consumer electronics industries. In addition to producing quality custom products, Poly Seal helps customers succeed by providing manufacturing engineering and material science expertise.

Goodyear Rubber Company is a world class custom rubber company with molding, extrusion, mixing and sheeting operations in Southern California and Mexico. They specialize in manufacturing custom elastomer components that facilitate motion. They offer turn-key elastomer solutions, including material formulation and part design as well as both small and large-scale production. This acquisition diversifies end markets for Goodyear and takes advantage of available capacity in its molding operations.

Exit Strategies’ client, Dan Baker, was the owner and full-time president of Poly Seal.  His main objectives were to obtain a good price, retire from the business to spend more time with family, provide an uninterrupted supply of quality products to customers, and retain the real property for future redevelopment.

Detailed planning and execution went into achieving Dan’s objectives. Dozens of carefully selected buyer prospects were identified, contacted and screened, leading to multiple bids. Only buyers that could meet Poly Seal customers’ exacting requirements were considered. A substantial effort was required by the deal team to develop a workable transition plan.

Dan Baker said, “I could not have managed this transaction without Exit Strategies and Roy Martinez. They quarterbacked the deal process from start to finish including deal book preparation, buyer outreach, obtaining bids, negotiations, due diligence, contract, and close.”

Exit Strategies was pleased and honored to deliver a positive outcome for its client and other stakeholders. Roy Martinez and Al Statz led this project for Exit Strategies Group.

Exit Strategies Group is a leading California-based M&A advisory firm with almost two decades of experience selling small-to-medium-sized and lower middle market businesses. Al Statz is the President and Founder of Exit Strategies. He can be reached at 707-781-8580. Roy Martinez has been a business intermediary an certified valuation analyst (CVA) at Exit Strategies for over eight years. Prior to Exit Strategies Roy was VP of Finance at WineDirect where he completed two acquisitions. Roy can be reached at 707-781-8583