Markel Fluoropolymer Solutions

coaxial core

Markel Acquired by Alliance Holdings

Markel : About Markel : Press Releases : Markel Aquired by Alliance Holdings

December 4, 2013 -- (Plymouth Meeting, PA) Markel Corporation is pleased to announce our acquisition by Alliance Holdings in Abington, PA, effective November 1, 2013.

 

As part of Alliance Holdings, Markel remains committed to the high standards we have long maintained in fluoropolymer processing. We will continue to advance our development of the Eclipse Membrane and HiVec product lines and are delighted to be part of the Alliance Holdings organization.

 

For additional information, please see the Alliance Holdings press release, below.

 

Alliance Holdings, Inc. Expands Investment Portfolio:
Acquires Markel Corporation

alliance holdings

Alliance Holdings is excited to announce the acquisition of Markel Corporation on November 1, 2013. Markel Corporation is a leading manufacturer of extruded tubing and insulated wire products which are used as critical components in a variety of applications including automotive cable assemblies, high performance coaxial cable applications, and porous membranes.

 

Headquartered in Plymouth Meeting, PA, Markel is a pioneer in the use of high performance fluoropolymer (PTFE) solutions to market-leading customers in the automotive, communications, environmental, and industrial markets. Markel enjoys an attractive share in many of the niche markets where it operates. By combining proprietary manufacturing processes and patented technology, the Company has become a solution-oriented, supply chain partner to a global customer base.

 

Kim Reynolds will continue as Chief Executive Officer and President of Markel. "I am excited to partner with Alliance and will work to ensure that we maintain and strengthen our focus on customers -- which has resulted in Markel’s high customer service reputation."

 

Kenneth J. Wanko, President and Chief Executive Officer of Alliance Holdings comments, "Markel has demonstrated the ability to rapidly develop and adapt new technology to the changing needs of the market. In addition, Markel has the leadership, expertise, resources and equipment to support the customized needs of these markets. Alliance is excited to partner with Markel and provide its financial and strategic resources to help the company continue its strong growth trajectory."

 

Janney Montgomery Scott acted as sole financial advisor to Markel Corporation.

 

Alliance is a 100% employee-owned holding company (through an ESOP) that invests in market-leading manufacturing businesses and specialized service businesses with stable operating results and sustainable cash flow. Founded in 1994, Alliance has grown to become one of the largest ESOP holding companies in the country. Alliance’s mission is to create an enduring, diversified portfolio of investments that maximizes the value of our employee-owners’ retirement accounts.

 

For more information, contact:
John Kolla
Director, Alliance Holdings, Inc.