May, 2011 - Windjammer and Management Acquire Protective Industries, Inc.
Windjammer Capital Investors ("Windjammer") is pleased to announce its acquisition of Protective Industries, Inc. ("Caplugs" or the "Company"), a leading manufacturer of plastic protection products. Windjammer, in partnership with management and certain other investors, acquired Caplugs from ShoreView Capital Partners L.P., a fund managed by ShoreView Industries LLC ("Shoreview"), and other shareholders.
Founded in 1948 in Buffalo, NY, Caplugs has been a leader in the product protection industry for 60 years manufacturing caps, plugs, tubing, containers, edge liners, fasteners, netting, and masking products. The Company's line of protective closures are used in a wide range of industries and are mission critical to its customers throughout manufacturing, transportation and storage. Caplugs operates through a global footprint of four manufacturing and distribution facilities strategically located on the East and West coasts of the United States and in China. The Company specializes in injection molding, vinyl-dip molding and plastic extrusion, producing approximately 2 billion pieces per year. The business operates on a common tooling platform that enhances Caplugs' ability to service multinational customers.
"We are excited to partner with the Company's management team to support its growth initiatives both domestically and internationally," said Greg Bondick, Managing Director of Windjammer. "The foundation of our investment is the Company's unmatched product customization capabilities in combination with the broadest catalog of high-quality products and premier customer service which provide a strong value proposition for the Company's customers. We believe that the Company is well positioned and we look forward to supporting the management team in executing its growth plan."
Greg Tucholski, CEO of Caplugs, said "We are excited to have Windjammer as our partner. Windjammer's expertise in working with niche-oriented, middle market companies will provide strategic guidance and resources that will be valuable to us as we continue to expand our business."
For additional information regarding Caplugs, please visit their website at www.caplugs.com.
Costa Littas, Greg Bondick, Caleb Clark and Daniel Lee worked on the transaction for Windjammer. Greg can be reached at 781-530-9121 or email@example.com for more information.
ABOUT WINDJAMMER CAPITAL INVESTORS
Windjammer Capital Investors, with offices in Newport Beach, California and Waltham, Massachusetts, is a national private investment firm that makes control and non-control investments in leading middle market businesses in partnership with management. Founded in 1990, Windjammer manages institutional funds totaling over $1.2 billion of capital and is currently investing out of its latest fund of $575 million which was raised in 2006. In its history, Windjammer has closed on portfolio company investments with an aggregate value exceeding $7 billion.