CLEVELAND and BOSTON, March 10, 2017 /PRNewswire/ -- MPE Partners ("MPE") announced today the recapitalization of Plastic Components, Inc. ("PCI" or "the Company"), a leading manufacturer of highly engineered and high precision injection molded components for mission critical applications in the plumbing, small engine, automotive, filtration, consumer products, controls, and other end markets.
MPE partnered in the transaction with owner and CEO, Tom Duffey, as well as the senior management team. Karen Tuleta, Partner at MPE, said, "Since its founding in 1989, PCI has developed a reputation for innovation, superior quality, collaborative technical support, and exceptional customer service." Matt Yohe, Principal at MPE, said, "We look forward to helping PCI accelerate its growth through both organic initiatives and strategic acquisitions."
Tom Duffey added, "We were very selective in choosing an investment partner for PCI and believe MPE will be a great steward for the Company. MPE will bring capabilities, resources, and capital to PCI to support our next chapter of growth."
BakerHostetler served as legal advisor to MPE. Stout Risius Ross, Inc. acted as the investment banking advisor to PCI.
About Plastic Components, Inc.
Headquartered in Germantown, Wisconsin, Plastic Components, Inc. is a world-class, technology-driven manufacturer of highly engineered and high precision injection molded components using unique manufacturing process automation.
About MPE Partners
MPE Partners ("MPE") seeks to be the preferred partner for entrepreneur- and family-owned companies. Based in Cleveland, OH, and Boston, MA, MPE invests in profitable, lower middle market companies with EBITDA between $5 - $20 million. MPE has two primary target investment areas: high-value manufacturing and industrial services. For more information, please visit www.mpepartners.com.
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SOURCE MPE Partners