Mazzone & Associates advised Mativ (NYSE: MATV) on the sale of the Filtrexx, Inc. product division to MKB Company, a portfolio company of Kurtz Bros., Inc.
Mazzone & Associates (“Mazzone”) is pleased to announce that it acted as exclusive financial advisor to Mativ Holdings, Inc. (NYSE: MATV), (“Mativ”) on its sale of the product arm of Filtrexx, Inc. (“Filtrexx”) to MKB Company, a portfolio company of Kurtz Bros., Inc.
Filtrexx, headquartered in Akron, OH, is a manufacturer and installer of sustainable sediment and erosion control products. The company, founded in 2001, was formerly a subsidiary of Conwed Plastics, which was acquired by Mativ in 2017.
MKB, a leading provider of environmental control products and services is backed by Kurtz Bros., Inc. For years, MKB and Filtrexx have worked separately to create products and services, as well as educate the industry on the most effective and durable stormwater BMPs in the market. The unification of the two organizations will combine both company’s product lines to bring the best erosion and stormwater control product offerings to the industry nationwide. Expanded resources, readily available products, extended reach, expanded manufacturing locations, and combined service are just a few benefits MKB and Filtrexx will bring to the market.
“The combination of these two organizations and their product lines will bring the best erosion and stormwater control product offering to the industry nationwide. We are excited by the possibilities!” says Rick Costello, Vice President of Strategy at MKB Company.
Jonathan White, Managing Director at Mazzone, highlighted, “We are pleased to have the opportunity to work directly with the Filtrexx and Mativ management teams and guide them through the carveout of the Filtrexx division. We are excited to see MKB and Filtrexx come together in providing best-in-class infrastructure solutions to the U.S. market and beyond.”
Stuart Sanford, Director at Mazzone, and Ryan Durham, Associate at Mazzone, were lead team members on this transaction.
Terms of the transaction were not disclosed.
About Filtrexx
Filtrexx International is a global leader in Sustainable Best Management Practice (BMP) solutions for use in erosion and sediment control, stormwater management, pollutant removal, and low-impact development to protect soil, water, and environment. Filtrexx has an extensive network of partners and distributors to serve customers across the globe. www.filtrexx.com
About MKB Company
A holding company of Kurtz Brothers, MKB Company is a leading provider of products and services in the environmental control market. Their products are used in perimeter control, sediment management, erosion control, and pollution control markets. As an industry leader committed to excellence in customer satisfaction, they continue to manufacture innovative products and solutions that allow contractors and distributors to serve customers looking for better environmental outcomes. www.mkbcompany.com
About Mativ
Mativ Holdings, Inc. is a global leader in specialty materials headquartered in Alpharetta, Georgia. The company offers a wide range of critical components and engineered solutions to solve our customers’ most complex challenges. With over 7,500 employees worldwide, we manufacture on four continents and generate sales in more than 100 countries. The company’s two operating segments, Advanced Technical Materials and Fiber-Based Solutions, target premium applications across diversified and growing end-markets, from filtration to healthcare to sustainable packaging. Our broad portfolio of technologies combines polymers, fibers, and resins to optimize the performance of our customers’ products across multiple stages of the value chain. Our leading positions are a testament to our best-in-class global manufacturing, supply chain, and materials science capabilities. We drive innovation and enhance performance, finding potential in the impossible. www.mativ.com