Investment group buys Plano Molding

By Rhoda Miel
News Editor

Published: January 3, 2013 6:00 am ET

Related to this story

Topics Mergers & Acquisitions, Consumer Products, Injection Molding

PLANO, ILL. (Jan. 3, 11:10 a.m. ET) — An Ontario investment group has purchased Illinois-based fishing and outdoor equipment maker Plano Molding Co. with plans to continue the company’s growth strategy.

Toronto-based Ontario Teacher’s Pension Plan completed the acquisition of Plano, Ill.-based Plano Molding from financial group Tinicum Capital Partners on Dec. 21, said Harris Williams & Co. in a Jan. 2 news release. Harris Williams was the advisor to Plano in the sale process.

The companies did not disclose terms of the purchase.

Plano has its own in-house injection molding for fishing tackle boxes, tool boxes and carrying cases for a number of outdoor activities. It sells its products under the Plano, Frabill, Tenzing, Caboodles and Creative Options brand names.

“Plano has exceptionally strong brands and product categories supported by attractive market characteristics,” said Jane Rowe, senior vice president of Teacher’s Private Capital, the private investment group within the Ontario Teacher’s Pension Plan, in a November news release first announcing its plan to buy the company. “Plano’s proven management team has a record of solid organic growth and has strongly positioned the company to benefit from acquisition opportunities.”

Plano recently completed the acquisition of Frabill Inc. of Jackson, Wis., to add its line of fishing equipment to its product list.

New York-based Tinicum has owned Plano since 2007.

Ontario Teacher’s Pension Plan has more than $100 billion in assets and manages the pensions of 300,000 current and retired teachers in Ontario. The Teacher’s Private Capital group manages a portfolio of companies valued at more than $10 billion.


Comments

Investment group buys Plano Molding

By Rhoda Miel
News Editor

Published: January 3, 2013 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Cascade Engineering founder Keller to step down as CEO

September 16, 2014 8:33 pm ET

Cascade Engineering Inc. is undergoing a transition as President Mark Miller will also add the role of CEO, replacing founder Fred Keller, who has...    More

Image

Canadian, Mexican injection molders form auto supply joint venture

September 16, 2014 2:26 pm ET

A new automotive parts manufacturer will open in Querétaro, Mexico, through a joint venture between Canadian automotive supplier Papp Plastics and...    More

Image

ZF finalizes deal to buy TRW, creating another global auto supply giant

September 15, 2014 1:09 pm ET

TRW Automotive Holdings, in a supply chain megadeal that has been in the works since mid-July, said Sept. 15 it has agreed to be acquired by German...    More

Image

Germany's Lehmann & Voss buys U.S.-based Performance Compounding

September 12, 2014 11:36 am ET

German compounding firm Lehmann & Voss & Co. KG has acquired Performance Compounding LLC for an undisclosed price.    More

Image

ATS goes global with acquisition of M+W Process Automation

September 10, 2014 2:49 pm ET

ATS Automation Tooling Systems Inc., a maker of factory automation systems in Cambridge, Ontario, has agreed to buy a German company M+W Process Autom...    More

Market Reports

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events