PM PLASTICS HAS BEEN ACQUIRED BY KB COMPONENTS AB
Birmingham, Michigan – April 23, 2019 – Angle Advisors is pleased to announce that KB Components AB (“KB”) has acquired certain assets from Post Meridiem Plastics Ltd. (“PM Plastics” or the “Company”). Angle Advisors acted as the exclusive investment banking advisor to PM Plastics in completing this transaction.
Based in Windsor, Ontario, PM Plastics is a provider of highly-engineered plastic injection molded products. Serving its tier I customer base, the Company’s products include fuel system and engine components and assemblies. From its 31,000 square foot facility, PM Plastics maintains 26 injection molding presses ranging from 45 to 550 tons, including two-shot molding capabilities, as well as other equipment enabling a variety of value-added secondary operations such as over-molding, insert molding, and ultrasonic welding.
KB Components AB engages in the design, development, production, and supply of plastic components for light vehicles, heavy vehicles, medical, furniture, and industrial applications in Scandinavia. The company offers polymer components for light vehicle interior, exterior, and powertrain applications; advanced polymers for the medical industry; polymers and composites for protective equipment, water treatment and water handling, and fine mechanics and products; and plastic components for furniture. It also provides engineering/manufacturing solutions, including system and concept development, design and geometry, material, industrialization and logistics, production methods, and operational solutions. KB Components AB was founded in 1947 and is based in Örkelljunga, Sweden with operations in Sweden, Lithuania, Slovakia, China, Mexico, and Canada. For more information, please visit www.kbcomponents.com.
Angle Advisors, with offices in the United States, Germany, the United Kingdom, and China, specializes in mergers and acquisitions and capital raising with a particular emphasis on the vehicular and industrial sectors. The firm’s professionals have completed 207 transactions since 2009 for multinational corporations, privately-held companies, private equity funds, and public sector clients. For additional information, please visit www.angleadvisors.com.