TMAT

BUSINESS OVERVIEW

TM Acoustic Technologies is a leading European manufacturer specialising in the development and production of acoustic and thermal insulation products, including aesthetic interior and exterior trim components, engine bay systems and barrier floor mats.

TMAT supplies many leading vehicle and cabin manufacturers throughout Europe, Asia and the Americas and its markets extend across all vehicle sectors including automotive, agricultural, construction, municipal, PSV and material handling.

OUR ROLE

Intrinsic acquired the business and introduced a new senior management team to support the existing operations director.

Through a combination of operational efficiency improvements, overhead savings and re-pricing of key product lines the business was stabilised and grew profitability.

In December 2014 TMAT was acquired by Blachford Inc. based in North America. The sale will allow TMAT to exploit additional overseas markets and Blachford to cross-sell into the UK.

The deal returned 20 times multiple on Intrinsic Equity’s original investment.