SC&H Capital, a leading investment bank specializing in M&A advisory, announced it acted as the exclusive investment banker to P-D Valmiera Glass USA Corp. (“Valmiera”) in the sale of substantially all of its assets to Saint-Gobain Adfors America, Inc. (“Saint-Gobain”).

Valmiera, a leading 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 state-of-the-art fiberglass furnace on 95 acres in Dublin, Georgia. With almost 450,000 square feet under roof, the facilities represented a major investment in the town and at one point employed more than 400 people.

Matt LoCascio, Principal at SC&H Capital, said, “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. 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 over 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, Scroggins & Williamson, P.C., Valmiera/debtor’s counsel
• Gary Marsh, Troutman Sanders LLP, counsel to SEB Banka
• Colin Bernardino and Todd Meyers, Kilpatrick Townsend & Stockton LLP, counsel to the official committee of unsecured creditors
• Matt Dundon and Alex Mazier, financial adviser to the official committee of unsecured creditors