MacLean Investment Partners Acquires Certain Assets of Janco Composites, Inc.

MUNDELEIN, Ill., May 23, 2011 /PRNewswire/ -- Barry MacLean, CEO and Chairman of the MacLean-Fogg Company announced that MacLean Investment Partners (MIP), owned by the MacLean family, has acquired certain assets of Janco Composites, Inc. headquartered in Mishawaka, Indiana. The company will operate as Janco Engineered Products, LLC.

Janco operates in an 80,000+ square foot plant where 145 employees put their expertise to work manufacturing quality fiberglass reinforced plastic products for electrical distribution, power tool, and other industries worldwide. Janco's management team takes pride in over 100 years of combined experience in the reinforced fiberglass business and remains committed to quality manufacturing and service excellence. Janco's wide range of composites uses custom resin systems of epoxy, polyester and vinyl esters to provide precise mechanical, electrical and temperature properties needed in various industrial applications.

Barry MacLean commented, "Resources available through MacLean Investment Partners (MIP) will accelerate Janco's growth by investing in research and development and engineering for existing and new technologies. MIP's long range investment strategy will result in an expanded product line and will open new markets while the company continues to provide seamless service to its customers."

Pete Giczewski, President, Janco Engineered Products, LLC, said, "Joining forces with MacLean Investment Partners provides a very positive and uplifting infusion of capital that will provide positive momentum to our business. Janco Engineered Products, LLC will retain employees and the business will remain in the community where it was started in 1973. The new company will continue to conduct business at our 920 South Logan Street Mishawaka, Indiana 46544 location and can be reached at 574-255-3169 and via fax at 574-256-3874. Customer Service Representatives are available at their new email addresses: Kathy McClain ([email protected] and Jo Anna Karim ([email protected])."

For more information, contact Gene Pucek at 847-970-4643 or [email protected].

SOURCE MacLean Investment Partners (MIP)