M&A Deal Summary

Universal Plastics Acquires Premium Plastic Solutions

On December 15, 2017, Universal Plastics acquired plastics company Premium Plastic Solutions from CW Industrial Partners and Little Mountain Industries

Acquisition Highlights
  • This is Universal Plastics’ 3rd transaction in the Plastics sector.
  • This is Universal Plastics’ 3rd transaction in the United States.
  • This is Universal Plastics’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2017-12-15
Target Premium Plastic Solutions
Sector Plastics
Buyer(s) Universal Plastics
Sellers(s) CW Industrial Partners
Little Mountain Industries
Deal Type Add-on Acquisition

Target

Premium Plastic Solutions

Latrobe, Pennsylvania, United States
Premium Plastic Solutions LLC is a plastics molding company that produces complete products from concept to sale using state-of-the-art equipment and technology. Products include medical and food containers, pollution control equipment, wheels, automotive and furniture components, industrial cases, water bottles, playground and garden equipment, agricultural tanks, anti-terrorism barriers, storage units, and more. Premium Plastic Solutions was founded in 1987 and is based in Latrobe, Pennsylvania.

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Buyer(S) 1

Buyer

Universal Plastics

Holyoke, Massachusetts, United States
Category Company
Founded 1965
Sector Plastics
DESCRIPTION

Universal Plastics is a producer of large plastic parts with complex designs and excellent cosmetics. Universal Plastics is a plastics processor specializing in custom thermoforming, injection molding, and blow molding. our expertise lies in manufacturing large, complex, highly aesthetic parts. Universal Plastics was founded in 1965 and is based in Holyoke, Massachusetts.

DEAL STATS #
Overall 3 of 3
Sector (Plastics) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (Pennsylvania) 1 of 1
Country (United States) 3 of 3
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-30 Sajar Plastics

Middlefield, Ohio, United States

Sajar Plastics, Inc. is a gas-assist injection molder company that supplies complex OEM parts for the medical, banking, consumer durables, and technology end-markets. The company utilizes three main injection molding processes: straight/standard, structural foam, and gas assist molding. Sajar Plastics was founded in 1949 and is based in Middlefield, Ohio.

Buy -

Seller(S) 2

SELLER

CW Industrial Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 500M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

CW Industrial Partners is an industrial-focused private equity firm that is backed by knowledgeable investors who partner with it in finding, vetting, and owning companies. CW Industrial Partners acquires lower middle-market companies in manufacturing and industrial services industries and provides capital, support, and freedom to grow. CW Industrial Partners was founded in 1999 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 10 of 17
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 6 of 10
State (Pennsylvania) 1 of 1
Country (United States) 8 of 15
Year (2017) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-30 KKSP Precision Machining

Glendale Heights, Illinois, United States

KKSP Precision Machining is a contract manufacturer of high-volume, medium-tolerance, precision-machined metal components for a variety of applications. K&K specializes in brass components and is the largest Davenport screw machine operator in the United States. KKSP Precision Machining was founded in 1968 and is based in Glendale Heights, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-04 Innoveyance

Cleveland, Ohio, United States

Innoveyance provides conveyor, scrap handling, and filtration systems for sophisticated industrial applications. The company sells roller and pneumatic solutions to blue-chip customers in corrugated paper, beverage cans, fulfillment centers, and other industrial applications. Innoveyance was formed in 2018 and is based in Cleveland, Ohio.

Buy -
SELLER

Little Mountain Industries

Cleveland, Ohio, United States
Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Little Mountain Industries, Inc. (LMI) is a private equity firm focused on lower middle-market manufacturing and industrial distribution companies. The Firm targets platform businesses in the Midwest US, but will consider add-on opportunities nationally. LMI seeks businesses with strong market positions and led by proven management teams. Prospective companies typically generate $5 to $50 million of revenue and at least $1 million in EBITDA. The Firm looks to invest up to $3 million per transaction. Little Mountain Industries, Inc. is based in Cleveland, Ohio.

DEAL STATS #
Overall 1 of 3
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (Pennsylvania) 1 of 1
Country (United States) 1 of 3
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-03 Hub Plastics

Blacklick, Ohio, United States

Hub Plastics LLC serves many industries including food, pharmaceutical, agricultural and industrial chemical, beverage, automotive, and personal care with high value, superior quality bottles, and jars. Hub Plastics was founded in 1971 and is based in Blacklick, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-08 Flame Control Coatings

Niagara Falls, New York, United States

Flame Control Coatings is a developer and producer of fire retardant and heat resistant coatings. Flame Control Coatings LLC products include paints, varnishes, and mastics in a wide selection of colors and finishes.

Sell -
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