Univenture mulls options for UniKeep division

By Frank Antosiewicz
Correspondent

Published: March 6, 2013 12:37 pm ET
Updated: March 6, 2013 12:40 pm ET

Related to this story

Topics Consumer Products, Mergers & Acquisitions

MARYSVILLE, OHIO – Univenture Inc. is hiring mergers and acquisitions firm Generational Equity to explore growth opportunities for its UniKeep LLC division, a maker of proprietary products for the consumer storage and industrial packaging markets.

"UniKeep is a fantastic product line and in my opinion it should be a $50 million business," said Ross Youngs, Univenture CEO, in a telephone interview.

Youngs said Generational Equity, a Dallas-based M&A group that provides strategic growth advisory services, will help develop a variety of options for the division's future. He said the process has started and they hope to gain ideas in the coming weeks. However, depending on the options, it could take months to reach a decision.

"Our gloves are basically off," said Youngs, noting that they would consider many scenarios.

The Unikeep division manufactures various cases, binders and related accessories. It has 39 patents issued worldwide. The company said that it had about $7 million in sales. UniKeep and Univenture are both located in the same building.

Youngs said the brand had "some great successes in the retail market," but were squeezed out in the mid-1990s when companies consolidated their vendor bases.

He said that one growth opportunity is in the company's use of digital printing and decorating, allowing for customization of products. It recently added a capability for a customer to download art for permanent digital printing on a UniKeep product.

Univenture was formed in 1988 and has been inventing and manufacturing consumer and industrial products for entertainment, publishing and other industries.


Comments

Univenture mulls options for UniKeep division

By Frank Antosiewicz
Correspondent

Published: March 6, 2013 12:37 pm ET
Updated: March 6, 2013 12:40 pm ET

Post Your Comments


Back to story


More stories

Unipex Group buys Ferguson Chemical Innovation

July 29, 2014 1:57 pm ET

Chemical distributor Unipex Group Inc. announced July 29 that it had purchased Ferguson Chemical Innovation, a Brampton, Ontario-based supplier of...    More

Image

Universal Polymer beefing up capabilities through acquisition

July 29, 2014 12:04 pm ET

Universal Polymer & Rubber Ltd. is growing again and adding to its capabilities, this time via another acquisition and a plant expansion.    More

Image

Reynolds considering sale of Closure Systems International unit

July 29, 2014 10:32 am ET

Packaging giant Reynolds Group Holdings Ltd. has put its closures business under review.    More

Image

Carbon black supplier Orion begins trading on NYSE

July 29, 2014 11:29 am ET

Orion Engineered Carbons S.a.r.l. has priced the initial public offering of 19.5 million common shares at a price to the public of $18 per share.    More

Image

Evonik sells polyimide foams operation to Boyd

July 29, 2014 10:46 am ET

Modesto, Calif.-based Boyd Corp., a manufacturers of specialty material and sealing agents, has purchased Evonik Industries’ Solimid...    More

Market Reports

Plastics Recyclers Data Report & Directory

This exclusive MS Excel database contains all the companies from Plastics News' ranking of top North American Recyclers and Brokers by reprocessed volume and also includes a directory with materials processes, services offered and company contact information. Data is based on primary research by PN editorial staff.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

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

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

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

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

More Events