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SALE OF PROPER GROUP'S ANDERSON, SC FACILITY

PROPER GROUP INTERNATIONAL HAS SOLD ITS ANDERSON, SC MANUFACTURING FACILITY TO TECHNIPLAS


Birmingham, Michigan – April 25, 2023 – Angle Advisors is pleased to announce that Techniplas US, LLC (“Techniplas”) completed its acquisition of Proper Group International’s Anderson, South Carolina manufacturing operation (“Proper Anderson”). Angle Advisors acted as the exclusive investment banking advisor to Proper in completing the transaction.


Located in Anderson, South Carolina, Proper Anderson’s manufacturing operation was founded in 1996 and includes an 86,000 ft2 facility with over 120 employees. The operation manufactures and assembles Tier I and Tier II automotive exterior components, as well as consumer & industrial components. For more information, please visit www.propergroupintl.com.


Techniplas CEO, Ali El-Haj, stated “The acquisition of the Anderson facility deepens our expertise and capabilities with highly visible, Class A surface components. We are eager to welcome Anderson’s employees to our company, and excited to be a part of its next phase of growth.”


Techniplas is a leading global producer of highly engineered and technically complex plastic components. Their core product lines include precision automotive components and modules, advanced lighting applications, and mechatronic and decorative solutions based on advanced plastic manufacturing technology. For additional information, please visit www.techniplas.com.


Angle Advisors, with offices in the United States, Germany, and China, specializes in mergers and acquisitions and capital raising. The firm’s professionals have completed 278 transactions since 2009 for multinational corporations, privately-held companies, private equity funds, and public sector clients. For additional information, please visit www.angleadvisors.com.

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