Arcady Capital buys Colorado's Mountain Molding

By Rhoda Miel
News Editor

Published: January 10, 2013 6:00 am ET

Related to this story

Topics Mergers & Acquisitions Medical Injection Molding Molds/Tooling
Companies & Associations

LONGMONT, COLO. (Jan. 10, 12:45 p.m. ET) — Private equity firm Arcady Capital Co. has selected injection molder and toolmaker Mountain Molding LLC as its first investment in a portfolio focused on specialty manufacturing in the Midwest.

Mountain Molding, based in Longmont, Colo., is a contract molder providing parts for the medical device and security industries among other businesses, said Jared Sprole, managing director of Arcady in a Jan. 9 telephone interview.

Arcady opened in Wichita, Kan., in 2011, but was looking for the right opportunity for its first acquisition, Sprole said.

“We’re patient,” he said.

While Arcady management has experience in managing business with other private equity firms in the past, they established the company in the Midwest specifically to focus on small to mid-size firms in the region who may have been overlooked by other equity groups operating in more traditional private equity hot spots in the East Coast, he said.

The company sees opportunities to invest in niche manufacturers who may be in their third generation of family ownership, but looking for outside help to finance continued growth.

In the case of Mountain Molding, the company has been in operation since 1976. President Don Cheyne was a partner in the firm, but needed funds for capital investments. He remains with the company and will lead day-to-day operations.

Arcady will look at firms outside the Midwest, but the bulk of its work will be Kansas and its surrounding states.

“There are a lot of companies around here that need access to outside capital to expand,” Sprole said.

He expects Arcady will complete about two acquisitions per year. It will consider opportunities to invest with current management as well as deals which require new management. It is already looking at two other potential investments.

For Mountain Molding, Arcady partnered with management to complete the deal.

Arcady’s investment strategy is based on finding small to mid-sized manufacturers with revenues of between $10 million and $50 million. It will target businesses with specialty niche manufacturing or technology, those with energy-related products or those in the food processes, medical and business services and distribution industries.


Comments

Arcady Capital buys Colorado's Mountain Molding

By Rhoda Miel
News Editor

Published: January 10, 2013 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Eriks NV buys two US polymer companies

April 24, 2015 10:38 am ET

Dutch company Eriks NV is expanding its reach in the North American plastics sector with two acquisitions: Dallas-based Seals and Packings Inc. and...    More

Image

Danish packaging firm Faerch buys UK's Anson as part of growth strategy

April 24, 2015 9:37 am ET

Denmark-based packaging company Faerch Plast A/S has acquired Ely, United Kingdom-based Anson Packaging Ltd., a move the company says “should...    More

Image

Reifenhäuser acquires German spinneret company Enka Tecnica

April 17, 2015 9:31 am ET

Germany-based Reifenhäuser GmbH & Co. KG, a major manufacturer of extrusion equipment, has announced that it is acquiring Enka Tecnica GmbH, a German ...    More

Image

Spain's Grupo Antolin to buy Magna's interiors business

April 16, 2015 12:33 pm ET

Spain's Grupo Antolin has reached an agreement to purchase Canadian auto supply giant Magna International Inc.'s interiors unit in a deal valued at...    More

Image

Madison buys Ferry Industries

April 16, 2015 5:22 pm ET

Ferry Industries, the largest manufacturer of rotational molding machinery, was purchased by Madison Industries, a Chicago holding company that is the...    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events