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

Silicone baby teether company working with Massachusetts recycler

February 26, 2015 1:14 pm ET

A recycling company and a startup will try to keep silicone baby products out of landfill.    More

Image

Ferro acquires TherMark Holdings for $5.5 million

February 26, 2015 12:15 pm ET

Ferro Corp. said it acquired privately held TherMark Holdings Inc., a laser marking technology company, for $5.5 million in cash.    More

Image

Serbia puts Krušik-Plastika up for sale

February 26, 2015 11:39 am ET

The Serbian Privatization Agency has launched the privatization process for local plastics maker Krušik-Plastika. The agency says it is...    More

Image

3i to sell specialty chemicals company Azelis to Apax Partners

February 26, 2015 11:36 am ET

Azelis Holding SA, the specialty chemicals distributor, is being sold by its private equity owners 3i Group plc to another private investment outfit, ...    More

Image

Amut buys Dolci and Bielloni

February 25, 2015 3:41 pm ET

Amut SpA, the Novara, Italy-based maker of extruders, thermoforming machines and plastics recycling equipment, has acquired the Italian company that m...    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

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 billion 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

Upcoming Plastics News Events

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

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

More Events