 |
 |
 |
       |
|
Western Reserve Partners Advises Partners In Plastics, Inc. in Acquisition by Austin Capital Corporation 06/09/2010 Western Reserve Partners LLC announced today that it represented Partners In Plastics, Inc. (“PIP”), based in Sharon Center, Ohio, in its acquisition by an affiliate of Austin Capital Corporation (“Austin Capital”), a Cleveland-based private equity firm. Leading the assignment for Western Reserve Partners were Managing Director Mark Filippell, Vice President Rebecca White and Analyst Joel Niekamp. “Partners In Plastics is a world-class blow-molder with a diverse client base,” said Mr. Filippell. “Despite the challenging economic environment, the Company has maintained its strong market position. As a result, Austin Capital was committed to the transaction, demonstrating the firm’s commitment to northeast Ohio. It was a pleasure working with Greg Vincent, the Company's entire management team and Austin Capital throughout this process.” PIP is the leading manufacturer of custom blow molded plastics products for a variety of end markets in its geographic footprint, which includes the Eastern and Midwestern United States. Greg Vincent founded PIP in 1993 to provide enhanced blow molding capabilities to The Step2 Company, an original equipment manufacturer of children’s toys. Since then, PIP has expanded its offering of the highest quality blow molded products into numerous other end markets, including healthcare, lawn and garden, agriculture, consumer products, industrial and fuel tanks. Of Western Reserve Partners’ involvement, Mr. Vincent said, “I was very pleased with the dedication that Western Reserve demonstrated on this transaction in helping me achieve liquidity and enter retirement, especially throughout an unprecedented M&A market. Partners In Plastics' combination with Austin Capital represents the best strategic outcome for the Company and its employees.” About Western Reserve Partners |
||
