Poly Nova Technologies has been acquired by Starlim/Sterner

Corporate Finance Associates Advises Poly-Nova Technologies in Sale to Starlim

Corporate Finance Associates (CFA), an international middle-market investment banking services firm, announced it assisted Ontario, Canada based Poly-Nova Technologies, Inc. in the sale to Starlim/Sterner.

FOR IMMEDIATE RELEASE: PRLog (Press Release) – Apr 08, 2011

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 Douglas Nix, CFA Vice Chairman and 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.

Transaction Information

On April 4, 2011, Starlim North America Corp. acquired Poly-Nova Technologies, Inc. in a private transaction. The details were not disclosed. Douglas Nix of CFA Oakville, Ontario, Canada advised Poly-Nova Technologies in the transaction.