MPE Partners and Plastic Components, Inc. announce the acquisition of Sports Molding, LLC

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CLEVELAND and BOSTON, August 4, 2021 / PRNewswire / – MPE Partners (“MPE” or “Morgenthaler Private Equity”) of Cleveland, Ohio and Boston, Massachusetts, with the holding company Plastic Components, Inc. (“PCI”) of Germantown, WI, today announced the acquisition of Sports Molding, LLC (“SMI” or “the Company”) from Clearfield, Utah, a holding company of Sage Park, Inc. SMI is a leading ISO 9001: 2015 certified injection molder providing a full range of design, manufacturing and value-added services to a wide range of industries including medical , industrial, recreational and consumer.

MPE and PCI partnered in the transaction with several members of SMI’s management team, led by the CEO Shane’s Cave. Rice Derrill, CEO of PCI, said: “SMI has demonstrated its ability to deliver engineering solutions that exceed customer expectations. They have full service manufacturing capabilities and will be a much appreciated addition to the PCI family. We look forward to working together to support growth with current and valued customer base, target new customers, expand our presence in the Western United States, and enhance our product and service offerings with SMI’s unique capabilities. ” Shane’s Cave added: “We would like to thank Sage Park for its partnership over the past four years. Sage Park was instrumental in SMI’s transition from its roots to building an enterprise-class organization. The foundation we have built together will benefit our customers and partners for years to come. Going forward, PCI brings automation capabilities and operational expertise to our rapidly growing business. Our teams have a consistent cultural alignment that will help drive customer relationship growth, employee development, operational excellence, and commitment to reliable product quality. ”

BakerHostetler was legal counsel to MPE. Stout Capital, LLC acted as investment banking advisor for SMI and Sage Park.

About Sports Molding, LLC
Situated in Clearfield, Utah, SMI is a designer and manufacturer of mold resistant plastic components for a variety of end markets. The Company’s differentiated technical capabilities distinguish it as a single source or preferred supplier to a very distinguished clientele.

About Plastic Components, Inc.
Based at Germantown, WI, Plastic Components, Inc. is a world-class manufacturer focused on high-precision, engineered, injection-molded component technology using unique automation of manufacturing processes. For more information, please visit www.plasticcomponents.com.

About MPE partners
MPE Partners (“MPE” or “Morgenthaler Private Equity”) wants to be the privileged partner of family and entrepreneurial businesses. Situated at Cleveland, Ohio, and Boston, Massachusetts, MPE invests in profitable lower middle market companies with transaction values ​​of up to $ 250 million. MPE has two main target investment areas: high value-added manufacturing and commercial and industrial services. For more information, please visit www.mpepartners.com.

SOURCE MPE partners

Related links

http://www.mpepartners.com


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