Report: Parent of rotomolder GameTime on the selling block

By Bill Bregar
Senior Staff Reporter

Published: June 4, 2014 3:17 pm ET
Updated: June 4, 2014 3:22 pm ET

Image By: City of Schertz, Texas GameTime's rotomolded products, in use at Schertz, Texas.

Related to this story

Topics Mergers & Acquisitions, Rotomolding, Recreational/sporting goods, Toys

The financial deals website peHUB.com is reporting that PlayCore Holdings Inc., the owner of playground rotational molder GameTime, is for sale.

The website reported May 29 that Irving Place Capital has put PlayCore up for sale. The news site links readers to a May 27 Federal Trade Commission document granting antitrust clearance to Sentinel Capital Partners to buy PlayCore, which is listed as PCH Holdings Inc. The news report also quoted three unidentified sources.

PlayCore is based in Chattanooga, Tenn. GameTime, in Fort Payne, Ala., makes commercial playground equipment, using metal and plastic components, including rotational molded parts such as slides. According to Plastics News ranking data, GameTime is the 25th largest rotomolder in North America, with rotomolding-related sales estimated at $19 million, from an estimated six machines.

A Sentinel Capital spokeswoman said the company has no comment. Irving Place Capital could not be reached for comment. Both private equity firms are in New York.

Irving Place Capital invested in PlayCore in 2007, during a buyout and recapitalization. Since then, PlayCore has made nine add-on acquisitions, of companies that make toys, climbing systems, grandstands, bike racks and other recreational products.


Comments

Report: Parent of rotomolder GameTime on the selling block

By Bill Bregar
Senior Staff Reporter

Published: June 4, 2014 3:17 pm ET
Updated: June 4, 2014 3:22 pm ET

Post Your Comments


Back to story


More stories

Image

Comar merging with Convergence Packaging

October 21, 2014 5:07 pm ET

A couple of plastic packaging companies owned by private investment firm Graham Partners are merging into a single entity.    More

Image

Celanese buys conductive polymer supplier

October 21, 2014 4:31 pm ET

Materials firm Celanese Corp. has acquired most of the assets of conductive polymers maker Cool Polymers Inc. for an undisclosed price.    More

Image

Report: SVP takes Klöckner Pentaplast off the market

October 21, 2014 4:19 pm ET

Plastic sheet leader Klöckner Pentaplast Group is no longer for sale, according to an Oct. 21 Reuters article.    More

Image

Wisconsin cast film maker buys Ohio blown film specialist

October 21, 2014 2:57 pm ET

A Midwest U.S. acquisition has created a company armed with two distinct film technologies: cast films and coextruded blown film constructions.    More

Image

Omega buys Vinylex, adds capacity, locations

October 21, 2014 1:48 pm ET

Profile extruder Omega Plastics LLC has expanded its stake in the market by acquiring Vinylex Corp.    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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

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

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

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

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

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events