Generational Equity Announces the Sale of Pro Plas, Inc. to Illinois Valley Plastics
DALLAS, Oct. 9, 2012 /PRNewswire/ -- Generational Equity, a leading mergers and acquisitions advisor for privately-held, middle-market businesses, today announced the acquisition of its client, Pro Plas, Inc. ("Pro Plas"), headquartered in St. Louis, MO, by Illinois Valley Plastics ("IVP Plastics"), headquartered in Washington, IL. The transaction closed on September 29, 2012. Terms regarding this acquisition were not disclosed.
Pro Plas, Inc. is a custom plastic injection molder of thermoplastics materials, operating twelve modern presses in a thirty thousand square foot climate-controlled environment in St. Louis County, Missouri. The plant operates around-the-clock, six days per week. Their molding press sizes range from 55 Tons to 500 Tons clamping pressure, with shot capacity up to 80 ounces. To complement their molding capabilities, the company offers sonic welding, heat staking and solvent welding assembly, as well as sub-assembly and packaging. They have complete tooling, design, and model making sources for new product development, as well as an in-house tool shop.
IVP Plastics, based in Washington, IL, is a custom injection molder of thermoplastics, serving some of the biggest names in the automotive, agricultural, and heavy equipment industries. Pro Plas has a 25-year history of serving clients in the commercial refrigeration, commercial drink dispensing, and medical/pharmaceutical segments.
"Both companies complement each other very well, both strategically and culturally," says Daryl Lindemann, President of IVP Plastics. "This acquisition aligns with our long-term strategy of customer, market and geographic diversification within the plastics industry."
Managing Director, Terry Mackin and Vice President, Kyle Coe, led the Generational Equity deal team that advised Pro Plas on the transaction. According to Terry Mackin, "Our client recognized immediately that IVP Plastics was not only a good acquisition fit for Pro Plas, but also a leader in the plastics industry and was pleased to be able to partner with them."
About IVP Plastics:
IVP is an innovator in thermoplastics and focuses on designing and producing highly engineered components, including metal to plastic conversions that use the industry's most complex materials and resins. Their end products include control handles, levers and instrument panels for earthmoving and construction equipment; impellers for water pumps; fans for mobile HVAC and turbocharged air applications; nylon reducer bushings for natural gas lines and boilers; and shrouds used in various gear environments.
From upfront engineering and design consultation to prototyping, material selection, injection molding, assembly and more. IVP Plastics blends innovation, value and performance with traditional values to provide world-class service and products at competitive prices. Learn more about IVP Plastics expertise in consultation, design, prototyping, new technology integration and injection molding by visiting www.ivplastics.com.
About Generational Equity
Generational Equity provides mergers, acquisitions, strategic growth advisory services, and information for privately held and family-owned businesses to exit their business successfully. Generational Equity uses a four-phase approach that includes education, financial analysis and reporting, sales documentation and deal-making ability to offer business owners an unparalleled level of commitment and experience, all focused on helping to release the generational equity and wealth in every business. Generational Equity is headquartered in Dallas, TX, has more than 200 professionals in North America, and was recently recognized by the M&A Advisor as the M&A Consulting/Advisory service firm of the year. For more information visit the following websites at www.genequityco.com, www.gecpress.com or http://blog.genequityco.com/.
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SOURCE Generational Equity