Plastics & Rubber

Client/Company Business Transaction
A. Schulman Inc. (Akron, OH) Manufacturer and provider of plastic resins and compounds $50,000,000 placement of senior notes
Arnco Corporation
(Elyria, OH)
Leading developer and manufacturer of high-quality, high-density polyethylene (HDPE) conduit used primarily by the telecommunications and energy industries Sold to: Audax Group (Boston, MA)
Bankruptcy Estate of Geneva Rubber Company (Geneva, OH) Manufacturer of molded rubber products for the automotive industry Sold to: Park-Ohio Industries, Inc. (Cleveland, OH)
ENPAC
(Eastlake, OH)
Manufacturer of plastic spill prevention, secondary spill containment and industrial handling products Financial advisory services
Hancor Inc. (Findlay, OH) Manufacturer of corrugated plastic PVC drainage pipe. Sold to: Citicorp Venture Capital (New York, NY)
Hartig Plastics Machinery Division (New Brunswick, NJ) of Somerset Technologies Inc. (New Brunswick, NJ) Manufacturer of heavy-duty industrial plastic blow-molding systems. Sold to: Battenfeld Fisher GmbH (Meinerzhagen, Germany)
Hobson Brothers Subsidiary (Shell Rock, IA) of Essef Corporation (Chardon, OH) Integrated manufacturer of plastic blow-mold tooling. Sold to: Leveraged Buyout involving Management (Shell Rock, IA)
Liqui-Box Corporation (Columbus, OH) Manufacturer of plastic dispensing and packaging systems for liquids serving the bottled water, beverage, dairy, pharmaceutical, processed food and wine industries. Sold to: DuPont Canada (Whitby, Ontario, Canada)
LRV, Inc. and Affiliates (Elkhart, IN) Manufacturer of plastic pick-up truck bed liners and toolboxes. Sold to: Lancaster Colony Corporation (Columbus, OH)
Orthane Division (Denton, TX) of Bankruptcy Estate of Eagle-Picher Industries, Inc. (Cincinnati, OH) Manufacturer of highly engineered injection molded polyurethane seals and components. Sold to: US Farathane (Royal Oak, MI)
Owens Illinois Labels, Inc. Subsidiary (Bardstown, KY) of Owens Illinois Corporation (Toledo, OH) Integrated producer of labels and substrates. Sold to: Fuji Seal Inc. (Tokyo, Japan)
Plastics Division (Grabill, IN) of Bankruptcy Estate of Eagle-Picher Industries, Inc. (Cincinnati, OH) Manufacturer of interior trim products and interior lighting systems for the automotive industry. Sold to: Anderson Acquisition, Inc. (Southfield, MI)
PVC Compounders, Inc.
(Kendallville, IN)
Compounder of custom poly vinyl chloride based plastic compounds. Sold to: Spell Capital Partners LLC
(Minneapolis, MN)
TruSeal Technologies, Inc. (Beachwood, OH), a portfolio company of Kirtland Capital Corporation (Cleveland, OH) Leading manufacturer of engineered spacers and sealant systems for insulated windows. Sold to: Quanex Corporation (Houston, TX)
Urethane Division (Sterling Heights, MI) of Bankruptcy Estate of Eagle-Picher Industries, Inc. (Cincinnati, OH) Manufacturer of urethane door trim panels, package trays, and energy absorption products for the automotive industry. Sold to: The Becker Group Inc. (Warren, MI)