M&A Deal Summary

River Bend Industries Acquires Victor Plastics

On April 22, 2008, River Bend Industries acquired plastics company Victor Plastics from Spell Capital Partners

Acquisition Highlights
  • This is River Bend Industries’ 1st transaction in the Plastics sector.
  • This is River Bend Industries’ 1st transaction in the United States.
  • This is River Bend Industries’ 1st transaction in Iowa.

M&A Deal Summary
Date 2008-04-22
Target Victor Plastics
Sector Plastics
Buyer(s) River Bend Industries
Sellers(s) Spell Capital Partners
Deal Type Add-on Acquisition

Target

Victor Plastics

North Liberty, Iowa, United States
Victor Plastics, Inc. is a plastics injection molder. Victor Plastics supplies highly-engineered thermoplastic components to a broad base of world-class manufacturers in the appliance, off-road vehicle, consumer products, and industrial equipment sectors.

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Buyer(S) 1

Buyer

River Bend Industries

Fort Smith, Arizona, United States
Category Company
Sector Plastics
DESCRIPTION

River Bend Industries and its predecessor companies have been a leader in plastic injection molding.

DEAL STATS #
Overall 1 of 1
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Iowa) 1 of 1
Country (United States) 1 of 1
Year (2008) 1 of 1

Seller(S) 1

SELLER

Spell Capital Partners

Edina, Minnesota, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Spell Capital Partners is a private equity firm that targets control investments in lower middle-market manufacturing and distribution businesses. Spell targets companies with at least $5 million in annual revenues and minimum EBITDA of $1 million. The Firm's target equity investment size range is $2 to $15 million. Spell prefers opportunities located in the upper-midwestern states of Minnesota, Iowa, Wisconsin, North Dakota, South Dakota, Indiana, Illinois, and Nebraska. Spell Capital Partners was formed in 1988 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 4 of 36
Sector (Plastics) 1 of 5
Type (Add-on Acquisition) 3 of 21
State (Iowa) 1 of 2
Country (United States) 4 of 36
Year (2008) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 Pacific Press Technologies

Mount Carmel, Illinois, United States

Pacific Press Technologies is a manufacturer of highly engineered, specialized plastic and metal forming equipment, as well as complementary tooling, parts, refurbishment, and repair and maintenance services. Pacific Press Technologies was founded in 1945 and is based in Mount Carmel, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-25 Kason

Millburn, New Jersey, United States

Kason Corp. is a manufacturer of screening and processing equipment for bulk solid materials and slurries including a complete line of vibratory, centrifugal, and static screening equipment for solids/solids and solids/liquids separations as well as a complete line of circular vibratory fluid bed dryers, coolers and moisturizers, and static sieves. Kason was founded in 1967 and is based in Millburn, New Jersey.

Buy -
Mergr

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