DALLAS, Nov. 8, 2017 /PRNewswire/ -- Generational Capital Markets, Inc., Member FINRA/SIPC, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Ammex Plastics, to Echo Engineering and Production Supplies. The acquisition closed October 19, 2017.
Ammex Plastics is an ISO 16949/TS 16949:2009 registered full-service manufacturer of custom plastic components based near Detroit in Monroe, MI, with approximately 50 employees. Ammex primarily serves the automotive industry and has a production facility and a warehouse each covering more than 15,000 square feet.
The Company mainly produces under-the-hood, functional parts including fluid routing, fastening, interior, and suspension system components. Ammex Plastics will now operate as Echo Engineering and Production Supplies, Inc. dba Ammex Plastics.
Echo Engineering and Production Supplies, Inc., headquartered in Indianapolis, IN with additional locations in Monroe, MI; Milpitas, CA, and Guadalajara, Mexico; is an industrial solutions business providing expert design & engineering services, comprehensive manufacturing processes, real-time supply chain management, and meticulous quality assurance.
Echo sells plastic, rubber, and adhesives, both direct and indirect product, into several industries including automotive & mobility, agriculture, power sport & recreation, marine, electronics, and other manufacturing sectors. Echo's core product technologies include:
Sealing (Masking and Protection): caps; plugs; tapes; hanging
Founded in 1966, Echo is a portfolio company of Matri Holdings, Inc., a private investment company specializing in acquisitions of manufacturing and/or distribution businesses. Echo has experienced exceptional growth over the last decade and looks forward to accelerating this success with a manufacturing facility located in the heart of the automotive industry.
Generational Capital Markets Managing Director, Phil Pizzurro's team, with support from Vice President Mark Galovic, successfully closed the deal.
"This was a special transaction that I was honored to play a role in. The mutual strategic and cultural synergies involved in this transaction resulted in a unique match that will help pave the way to a seamless integration. I am excited to witness the future growth of the combined entities," said Pizzurro.
About Generational Capital, LLC
Generational Capital, LLC is a Dallas, Texas-based merger & acquisition advisory firm. Generational Capital wholly owns Generational Capital Markets, Inc., Member FINRA/SIPC. More information can be found at www.gencm.com. Generational Capital and Generational Capital Markets are part of the Generational Group and are affiliated with Generational Equity, LLC. Generational Equity's website is www.genequityco.com and its online newsroom is www.gecpress.com. GCM received The M&A Advisor's 2017 Private Equity Deal of the Year Award, 2016 Corporate and Strategic Acquisition of the Year Award, as well as the 2016 Materials Deal of the Year for its work on the Stern Rubber Company transaction. It has also been recognized for the 2016 M&A Deal of the Year (for deals valued $10mm - $25mm) for the acquisition of Pro Trans Logistics Inc. by Action Resources.