The sale of American Plastics marks the first exit for Highview Capital since the firms launch in 2016 and is a testament to Highviews approach to helping middle market companies poised to undergo a transformation through a constructive, collaborative, and long-term partnership. American Plastics makes, imports and distributes consumer storage and commercial cleaning products. St. Louis, Mo.-based American Plastics LLC will invest $3.5 million and hire more than 130 employees by the end of the year at its Tiffin, Ohio, injection molding plant to meet increased demand. This is transaction in the Plastics sector. Gilbert, Managing Director at Highview and Chairman of American Plastics, commented: American Plastics success is the result of bringing together three scale industry players and driving a transformation in partnership with a top-notch management team. Throughout Highviews financial investment, the Business invested around $100 countless development capital to increase capability, develop extremely automated operations, and present brand-new items. Victory Park Capital Advisors was formed in 2007 and is headquartered in Chicago, Illinois. FGS Global The sale of American Plastics marks the first exit for Highview Capital since the firm's launch in 2016 and is a testament to Highview's approach to helping middle market companies poised to undergo a transformation through a constructive, collaborative, and long-term partnership. Prior to joining Highview, Mr. Gilbert served as a Vice President at JLL Partners, a New York-based private equity fund. Together, we aimed to transform this business and the sale is a reflection of this groups dedication to that shared goal. Despite the growing digital disruption in financial services, dominant players in the micro-lending sector have been slower to innovate. Highview leverages its creative vision and expertise to partner with management teams of leading middle-market businesses undergoing periods of transformation. All Rights Reserved. LOS ANGELES, July 20, 2022--Highview Capital LLC ("Highview") today announced the sale of its portfolio company, American Plastics LLC, ("American Plastics" or "AP" or the "Company") a leading . Ryan McCarthy, Co-Founder of Highview, said, We are pleased to recognize both P.J. The firms differentiated offerings leverage an extensive network of industry relationships, disciplined deal origination, creative financing capabilities, broad credit structuring and special situations expertise. 212-687-8080 / 415-618-8750, https://www.businesswire.com/news/home/20220720005208/en/. This Tiffin area is a previous Katy Industries area. Throughout Highview and Success Parks ownership, more than $100 million has actually been bought the business to increase capability and automation and present brand-new items, Highview stated. in Finance and Economics and minor in Public Policy & Management. For more details, please see www.victoryparkcapital.com. About Victory Park Capital Advisors, LLC American Plastics was formed by Highview and Victory Park Capital Advisors, LLC (Victory Park) through the initial acquisition of the assets of Katy Industries, Inc. in 2017 and the subsequent strategic merger in 2018 with Creative Plastic Concepts and Centrex Plastics, two high-growth complementary businesses owned by Nick Reinhart. It offers denim, apparel, and accessories and is available at premium department stores in the United States, at specialty boutiques globally, 10 Joes Jeans stores, and at the digital flagship www.joesjeans.com. A story at that time indicated the location also made shelves and totes under the Commander and Blue Hawk brands for Lowe's, the Husky brand for Home Depot and Tough Box for Sam's Club. The company focuses on the education, corrections, non-profit, business & industry, and healthcare industries, and serves more than 10,000 customers nationwide, including the delivery of 6.5 million healthy, high-quality meals to students each day. That Tiffin site is a former Katy Industries location. American Plastics is headquartered in St. Louis and operates a national footprint of manufacturing and distribution facilities in Arizona, Ohio, Missouri, and South Carolina. Please enable javascript in your browser in order to get form work properly. P.J. Highview Capital LLC constructed American Plastics with partner Success Park Capital Advisors LLC starting with the purchase of Katy Industries Inc. in 2017 and a subsequent merger with sis business Creative Plastic Concepts and Centrex Plastics in 2018. The fund is backed by patient capital from a single source, allowing it to take a long-term perspective. Ochre Media Pvt Ltd., 2023. The company was established in 2007 and is headquartered in Chicago with extra resources in New york city, Los Angeles, Austin and Miami. KBP Foods was formed in 1999 and is based in Overland Park, Kansas. American Plastics - Highview Capital American Plastics American Plastics is the 2nd largest designer, manufacturer, and distributor of innovative, environmentally-friendly home storage, home organization, and commercial cleaning products in the United States. For the previous 5 years, we have actually worked relentlessly to develop a leading existence on the planet of sustainable injection molded plastics, and were extremely pleased with all that we have actually achieved, stated Robert Guerra, CEO of American Plastics, in a Explanation. The new owner of the American Plastics was not revealed in a July 20 announcement, and a representative for Highview could not be immediately reached for comment. Business Wire | March 1, 2022. Paint market for non-plastic applications, India Plastic Caps & Closures Market Share, Size, Market, Plastics in Electronic Parts: Technologies and Global Markets, Der Markt fr Hilfsgerte fr pass away Kunststoffverarbeitung soll bis 2030 einen, The injection molded plastics market is set to reach $476.46, Plastic product packaging market predicted to be worth $492.3 billion by 2030: Grand, Plastics in Electronic Parts: Technologies and Global, NOVA releases circular plastics brand name to stay up to, Plastic particles in the sea makes hermit crabs, Council Roundup: Enables safety seat assessments, soft. Gilbert said in a statement. Monday, Victory Park and Los Angeles-based Highview Capital LLC said they completed the acquisition of Katy's assets. Highview leverages its creative vision and expertise to partner with management teams of leading middle-market businesses undergoing periods of transformation. Ms. Cash holds a B.S. Plastics News would love to hear from you. The Firm looks to invest $10 to $125 million in businesses valued between $50 and $350 million. The firms differentiated offerings leverage an extensive network of industry relationships, disciplined deal origination, creative financing capabilities, broad credit structuring and special situations expertise. Business Wire | June 27, 2022. and Kapish with these promotions, and we are thrilled to add Kelly to the team. 22104 Highview Trail Pl was last sold on Oct 27, 2004 for $587,131. Victory Park Capital Sells Portfolio Company American Plastics. The Firm generally looks to provide funding to 'sound' companies in need of liquidity and/or restructuring. P.J.s leadership was instrumental in the execution of two of our first three platform deals, American Plastics and Frontier Fire. Highview Capital is a private equity firm focused on acquiring and investing in companies facing an inflection point. For more information, please visit www.victoryparkcapital.com. The sale of American Plastics marks the first exit for Highview Capital since the firms launch in 2016 and is a testament to Highviews approach to helping middle market companies poised to undergo a transformation through a constructive, collaborative, and long-term partnership. Together, we aimed to transform this business and the sale is a reflection of this groups dedication to that shared goal. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Since then, Highview, alongside Victory Park, has led a transformation of the legacy business, recruiting a world class management team, revamping the go-to-market strategy and driving substantial operational improvements to create a national leader in plastic-injection molded products. American Plastics markets its branded products under the Continental Commercial Products, Contico, Wilen, and Fundamentals banners. American Plastics is a leading designer and manufacturer of innovative plastic-injection molded products for the household & garage storage and commercial cleaning end-markets. Together, we intended to change this company and the sale is a reflection of this groups commitment to that shared objective. Highview Capital, LLC is an opportunistic private equity investment vehicle headquartered in Los Angeles, CA providing transformational equity. We are significantly eagerly anticipating the future., Because 2017, weve been on an incredible journey with Highview and the American Plastics management group to establish a nationwide leader in the market, stated Charlie Asfour, on behalf of Success Park. American Plastics is a leading designer and manufacturer of innovative plastic-injection molded products for the household & garage storage and commercial cleaning end-markets. All Rights Reserved. The company is primed to win market share from incumbents in the UK and abroad with its digital-first model that captures the potential of smartphone technology to enhance the customer experience, drive operational efficiency, and better predict and manage risk in micro-lending. http://www.highviewcapital.com Industries Investment Management Company size 2-10 employees Headquarters Los Angeles, California Type Privately Held Founded 2016 Locations Primary Los Angeles,. About American Plastics, LLC Highview Capital is an opportunistic private equity investment . P.J. Your browser does not support JavaScript!. This includes healthy companies where management is looking to achieve liquidity, companies in need of operating improvements, and companies in transition or distress. Mr. Haldia previously served as an Investment Banking Analyst at Citigroups Industrials Group. We would like to thank Robert Guerra, Nick Reinhart and the management team for their partnership in growing the Company over the last five years., Over the past five years, we have worked tirelessly to create a leading presence in the world of sustainable injection-molded plastics, and we are extremely proud of all we have accomplished, said Robert Guerra, President and Chief Executive Officer of American Plastics. The new investment and job creation is due to both the acquisition of the former Katy Industries facility by Highview Capital in 2018 and . American Plastics was formed by Highview and Victory Park through the initial acquisition of the assets of Katy Industries, Inc in 2017 and the merger in 2018 with Creative Plastic Concepts. 2022. and Kapish with these promotions, and Fundamentals banners Public Policy &.. Industries facility by Highview Capital is a reflection of this groups dedication to shared... 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