The business likewise makes containers for the caretaker, catering and workplace products sectors. This capital expense laid the structure for the Businesss end-to-end abilities in the style and manufacture of exclusive items for the house storage and business cleansing end-markets, which serve a lineup of blue-chip consumers. The firm was founded in 2007 and is headquartered in Chicago with additional resources in New York, Los Angeles, Austin and Miami. Monday, Victory Park and Los Angeles-based Highview Capital LLC said they completed the acquisition of Katy's assets. Suzanne Byowitz / Anne Nisperos Hew Highview Capital is a private equity firm focused on acquiring and investing in companies facing an inflection point. The sale of American Plastics marks the first exit for Highview Capital since the firms launch in 2016 and is a testament to Highviews approach to helping middle market companies poised to undergo a transformation through a constructive, collaborative, and long-term partnership. P.J. Gilbert, Managing Director at Highview and Chairman of American Plastics, commented: American Plastics success is the result of bringing together three scale industry players and driving a transformation in partnership with a top-notch management team. LOS ANGELES, CA - Highview Capital LLC ("Highview") today announced the sale of its portfolio company, American Plastics LLC, ("American Plastics" or "AP" or the "Company") a leading designer and manufacturer of innovative, sustainable home storage and commercial cleaning products. We greatly look forward to watching American Plastics continue to grow and flourish.. St. Louis-based American Plastics makes household and garage storage products, shelving systems, tool boxes and workstations sold at retail locations. Try For Free Highview Capital LLC constructed American Plastics with partner Success Park Capital Advisors LLC starting with the purchase of Katy Industries Inc. in 2017 and a subsequent merger with sis business Creative Plastic Concepts and Centrex Plastics in 2018. "American Plastics' success is the result of bringing together three scale industry players and driving a transformation in partnership with a top-notch management team. Earlier in his career, Mr. Gilbert worked at Lightyear Capital and in investment banking at Bank of America. Highview was founded in 2016 and is based in . Gilbert, Managing Director at Highview and Chairman of American Plastics, commented: American Plastics success is the result of bringing together three scale industry players and driving a transformation in partnership with a top-notch management team. American Plastics was formed by Highview and Success Park Capital Advisors, LLC (Success Park) through the preliminary acquisition of the possessions of Katy Industries, Inc. in 2017 and the subsequent tactical merger in 2018 with Innovative Plastic Ideas and Centrex Plastics, 2 high-growth complementary companies owned by Nick Reinhart. Victory Park Capital Advisors was formed in 2007 and is headquartered in Chicago, Illinois. The company utilizes primarily recycled inputs and maintains a national manufacturing and distribution footprint with 13 state-of-the-art facilities across North America, bringing American-made quality to blue-chip retailers and distributors nationwide. The firms differentiated offerings leverage an extensive network of industry relationships, disciplined deal origination, creative financing capabilities, broad credit structuring and special situations expertise. About Victory Park Capital Advisors, LLC The firms differentiated offerings leverage an extensive network of industry relationships, disciplined deal origination, creative financing capabilities, broad credit structuring and special situations expertise. P.J. P.J.s leadership was instrumental in the execution of two of our first three platform deals, American Plastics and Frontier Fire. A combination of newly implemented cutting-edge technologies and a renewed focus on our core storage customers led AP to a true leadership position in the industry. With an emphasis on incorporating technology into design, the brand creates product for men, women, and kids that is innovative and fits flawlessly. A mix of freshly carried out advanced innovations and a restored concentrate on our core storage consumers led AP to a real management position in the market. 2023 - Plastic Molding News. Mr. Haldia is responsible for diligence of new investments, in addition to providing operational support to management teams across the firms portfolio. We would like to thank Robert Guerra, Nick Reinhart and the management team for their partnership in growing the Company over the last five years., Over the past five years, we have worked tirelessly to create a leading presence in the world of sustainable injection-molded plastics, and we are extremely proud of all we have accomplished, said Robert Guerra, President and Chief Executive Officer of American Plastics. This is Highview Capitals 1st and Victory Park Capital Advisors 15th transaction in the United States. Please fill the all required fields.!! This Tiffin area is a previous Katy Industries area. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2021 | Highview Capital, LLC | All Rights Reserved. Thank you for your interest in publishing press release with Hospitals Management. We report news, gather data and deliver timely information that provides our readers with a competitive advantage. in Economics and an M.B.A. from the Wharton School at the University of Pennsylvania. Highview Capital LLC today announced the sale of its portfolio company, American Plastics LLC, a leading designer and manufacturer of innovative, sustainable home storage and commercial cleaning products. American Plastics is a leading designer and manufacturer of innovative plastic-injection molded products for the household & garage storage and commercial cleaning end-markets. He serves on the Boards of Highview portfolio companies American Plastics and Frontier Fire Protection. 2023 - Plastic Molding News. Do you have some thoughts you'd like to share with our readers? "We aimed to transform this business and the sale is a reflection of this group's dedication to that shared goal. Exclusively Listed By Jeff McKinney Contact Broker Lic. Gilbert to Principal . LOS ANGELES and CHICAGO Victory Park Capital Advisors, LLC (Victory Park or VPC) today announced the sale of its portfolio company, American Plastics LLC (American Plastics or AP or the Company), a leading designer and manufacturer of innovative, sustainable home storage and commercial cleaning products. Mr. Haldia graduated from the Leonard N. Stern School of Business at New York University with a B.S. We quite eagerly anticipate seeing American Plastics continue to grow and flourish, Charlie Asfour stated in a declaration. About Highview Capital, LLC P.J. Your browser does not support JavaScript!. Highview Capital, LLC is an opportunistic private equity investment vehicle headquartered in Los Angeles, CA providing transformational equity. Victor Park's target investment size range is $5 to $100 million. American Plastics is a portfolio company of Highview Capital LLC and Victory Park Capital Advisors. Email your letter to Editor at [emailprotected]. Victory Park Capital Advisors is an alternative investment firm focused on providing debt and equity capital to small and middle-market companies in a variety of sectors of situations. 310-201-2040, Internet Explorer presents a security risk. The company also manufactures containers for the janitorial, food service and office products segments. The company is primed to win market share from incumbents in the UK and abroad with its digital-first model that captures the potential of smartphone technology to enhance the customer experience, drive operational efficiency, and better predict and manage risk in micro-lending. Despite the growing digital disruption in financial services, dominant players in the micro-lending sector have been slower to innovate. Victor Park's target investment size range is $5 to $100 million. American Plastics is a leading designer and manufacturer of innovative plastic-injection molded products for the household & garage storage and commercial cleaning end-markets. American Plastics is based in St. Louis, Missouri. Victory Park Capital Advisors was formed in 2007 and is headquartered in Chicago, Illinois. GS Foods Group is a specialized food service distribution company including its independent subsidiaries Gold Star Foods and Good Source Solutions. Get the latest Pittsburgh local news, breaking news, sports, entertainment, weather and traffic, as well as national and international news, from the Pulitzer Prize-winning staff of the Pittsburgh Post-Gazette. About Highview Capital, LLC in Accounting and a Masters in Accounting from Auburn University. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Ms. Cash holds a B.S. and Kapish with these promotions, and we are thrilled to add Kelly to the team. Throughout Highviews financial investment, the Business invested around $100 countless development capital to increase capability, develop extremely automated operations, and present brand-new items. All Rights Reserved. Gilbert, Handling Director at Highview and Chairman of American Plastics, commented: American Plastics success is the outcome of combining 3 scale market players and driving an improvement in collaboration with a superior management group. Founded in 2016, Highview is a $500 million evergreen private equity fund based in Los Angeles. American Plastics is headquartered in St. Louis and operates a national footprint of manufacturing and distribution facilities in Arizona, Ohio, Missouri, and South Carolina. Success Park Capital is an international alternative financial investment company that supplies capital to emerging and developed companies in the U.S. and abroad. The firm was founded in 2007 and is headquartered in Chicago with additional resources in New York, Los Angeles, Austin and Miami. 310.806.9780. 7-Day Free Trial. This includes healthy companies where management is looking to achieve liquidity, companies in need of operating improvements, and companies in transition or distress. The Firm looks to invest $10 to $125 million in businesses valued between $50 and $350 million. A combination of newly implemented cutting-edge technologies and a renewed focus on our core storage customers led AP to a true leadership position in the industry," Highview Managing Director P.J. Highview employs a highly flexible investment mandate and invests in family/founder-owned businesses, corporate carve-outs, value-oriented buyouts and special situations. Joe's Jeans is a premium denim brand that has redefined with its inherently LA sensibility and distinctive point-of-view. For more information, please visit www.victoryparkcapital.com. A story at that time indicated the location also made shelves and totes under the Commander and Blue Hawk brands for Lowe's, the Husky brand for Home Depot and Tough Box for Sam's Club. P.J. We are greatly looking forward to the future., Since 2017, weve been on an amazing journey with Highview and the American Plastics management team to develop a national leader in the industry, said Charlie Asfour, on behalf of Victory Park. The sale of American Plastics marks the first exit for Highview Capital since the firms launch in 2016 and is a testament to Highviews approach to helping middle market companies poised to undergo a transformation through a constructive, collaborative, and long-term partnership. All Rights Reserved. This is Highview Capital's 1st and Victory Park Capital Advisors' 1st transaction in the Plastics sector. Highview Capital, LLC is an opportunistic private equity investment vehicle headquartered in Los Angeles, CA providing transformational equity. A representative for Victory Park indicated work over time has created a national player. The sale of American Plastics marks the first exit for Highview Capital since the firm's launch in 2016 and is a testament to Highview's approach to helping middle market companies poised to undergo a transformation through a constructive, collaborative, and long-term partnership. Sectors of interest include business services, chemicals, distribution, energy, healthcare, manufacturing, packaging, retail/consumer, technology, media, and communications. Highview leverages its creative vision and expertise to partner with management teams of leading middle-market businesses undergoing periods of transformation. About American Plastics, LLC Over the course of Highviews investment, the Company invested approximately $100 million of growth capital to increase capacity, create highly automated operations, and introduce new products. RECENT TENANT COMPANY AQUISITION | In July of 2022, Highview Capital, LLC closed on the sale of American Plastics, LLC to purchaser US Merchants and Oaktree Capital. This is transaction in the United States. Personal financiers are offering injection molder American Plastics LLC after 5 years of control. Together, we aimed to transform this business and the sale is a reflection of this groups dedication to that shared goal. The firm was founded in 2007 and is headquartered in Chicago with additional resources in New York, Los Angeles, Austin and Miami. With the acquisitions, American Plastics said it will become one of the only companies in the United States to achieve national scale in the plastics industry, with a solid base of blue-chip retail and commercial customers. Since then, Highview and Victory Park have led a transformation of the legacy business, recruiting a world class management team, revamping the go-to-market strategy and driving substantial operational improvements to create a national leader in plastic-injection molded products. Highview Capital is a private equity firm focused on acquiring and investing in companies facing an inflection point. Contacts Highview leverages its creative vision and expertise to partner with management teams of leading middle-market businesses undergoing periods of transformation. Gilbert, Managing Director at Highview and Chairman of American Plastics, commented: American Plastics success is the result of bringing together three scale industry players and driving a transformation in partnership with a top-notch management team. American Plastics markets its branded products under the Continental Commercial Products, Contico, Wilen, and Fundamentals banners. Brands umbrella, primarily within the KFC and Taco Bell concepts. Victory Park Capital Advisors is an alternative investment firm focused on providing debt and equity capital to small and middle-market companies in a variety of sectors of situations. For more information, visit www.highviewcapital.com. For more information, visit www.highviewcapital.com. American Plastics brand-new owner was not revealed in a July 20 statement, and a Highview agent might not be instantly grabbed remark. Gilbert, Managing Director at Highview and Chairman of American Plastics, commented: American Plastics success is the result of bringing together three scale industry players and driving a transformation in partnership with a top-notch management team. Highview Aquires WilMar, to Merge with Randall. Business Wire | June 27, 2022. Investment Summary; Date: 2022-07-20: Target: American Plastics: Highview Capital LLC (Highview) today announced the sale of its portfolio company, American Plastics LLC, (American Plastics or AP or the Company) a leading designer and manufacturer of innovative, sustainable home storage and commercial cleaning products. The firm was founded in 2007 and is headquartered in Chicago with additional resources in New York, Los Angeles, Austin and Miami. Injection molder American Plastics gets brand-new owner. Try For Free American Plastics was formed by Highview and Victory Park Capital Advisors, LLC (Victory Park) through the initial acquisition of the assets of Katy Industries, Inc. in 2017 and the subsequent strategic merger in 2018 with Creative Plastic Concepts and Centrex Plastics, two high-growth complementary businesses owned by Nick Reinhart. Industrialists Desired Restriction On Plastic Carry Bags Lifted | Ludhiana News, Imbissbuden, denen pass away Abgabe von Einweg-Plastikbesteck untersagt ist | Schottland, Plastics in Electronic Parts: Technologies and Global Markets, Der Markt fr Hilfsgerte fr pass away Kunststoffverarbeitung soll bis 2030 einen, The injection molded plastics market is set to reach $476.46, Plastic product packaging market predicted to be worth $492.3 billion by 2030: Grand, Plastics in Electronic Parts: Technologies and Global, NOVA releases circular plastics brand name to stay up to, Plastic particles in the sea makes hermit crabs, Council Roundup: Enables safety seat assessments, soft. A Success Park representative mentioned that the work has actually developed a nationwide group player with time. American Plastics is a manufacturer, importer, and distributor of commercial cleaning and consumer storage products. We greatly look forward to watching American Plastics continue to grow and flourish," Charlie Asfour said in a statement. A year ago, Highview and Chicago-based private equity firm Victory Park Capital backed St. Louis-based American Plastics' acquisition of Centrex Plastics and Creative Plastic Concepts. 212-687-8080/415-618-8750. Highview Capital, LLC is an opportunistic private equity investment vehicle headquartered in Los Angeles, CA providing transformational equity. We are thankful for the Highview and Victory Park teams deep knowledge of our industry and their ability to roll up their sleeves and truly work alongside us to get to the best outcome for our team. We would like to thank Robert Guerra, Nick Reinhart and the management team for their partnership in growing the Company over the last five years., Over the past five years, we have worked tirelessly to create a leading presence in the world of sustainable injection-molded plastics, and we are extremely proud of all we have accomplished, said Robert Guerra, President and Chief Executive Officer of American Plastics. Ochre Media Pvt Ltd., 2023. Oakam is a digital micro-lender that provides a vital service to underserved communities who otherwise struggle to access the funds they need to manage immediate financial obligations and improve long-term financial health. Throughout Highview and Success Parks ownership, more than $100 million has actually been bought the business to increase capability and automation and present brand-new items, Highview stated. Highview and VPCs capital investment laid the foundation for the Companys end-to-end capabilities in the design and manufacture of proprietary products for the home storage and commercial cleaning end-markets, which serve a roster of blue-chip customers. LOS ANGELES, July 20, 2022--Highview Capital LLC ("Highview") today announced the sale of its portfolio company, American Plastics LLC, ("American Plastics" or "AP" or the "Company") a leading . This capital investment laid the foundation for the Companys end-to-end capabilities in the design and manufacture of proprietary products for the home storage and commercial cleaning end-markets, which serve a roster of blue-chip customers. Since then, Highview, alongside Victory Park, has led a transformation of the legacy business, recruiting a world class management team, revamping the go-to-market strategy and driving substantial operational improvements to create a national leader in plastic-injection molded products. Together, we intended to change this company and the sale is a reflection of this groups commitment to that shared objective. About Victory Park Capital Advisors, LLC The fund is backed by patient capital from a single source, allowing it to take a long-term perspective. The assets will be consolidated under a newly formed holding company owned by Highview and VPC, named American Plastics, LLC. All rights reserved. Katy had 300 employees as of Dec. 31 and six manufacturing and distribution facilities. Full biographies for all Highview team members can be found at http://highviewcp.com/team/. The Firm generally looks to provide funding to 'sound' companies in need of liquidity and/or restructuring. For more information, please visit www.victoryparkcapital.com. For more information, please visit: www.americanplasticsllc.com. 212-687-8080 / 415-618-8750, https://www.businesswire.com/news/home/20220720005208/en/. The firms differentiated offerings leverage an extensive network of industry relationships, disciplined deal origination, creative financing capabilities, broad credit structuring and special situations expertise. American Plastics success is the outcome of combining 3 significant market players and driving change in collaboration with a first-rate management group. Highview Capital, LLC is an opportunistic personal equity financial investment lorry headquartered in Los Angeles, CA offering transformational equity.
Gooseberry Crumble Nigella, Articles H