CERTAIN ASSETS OF SUR-FLO’S FRASER OPERATIONS HAVE BEEN ACQUIRED BY REVERE PLASTICS SYSTEMS LLC
Birmingham, Michigan – April 17, 2019 – Angle Advisors is pleased to announce that Revere Plastics Systems, LLC (“Revere”) has acquired certain assets from Sur-Flo Plastics & Engineering Inc. (“Sur-Flo” or the “Company”). Angle Advisors acted as the exclusive investment banking advisor to Sur-Flo in completing this transaction.
Sur-Flo’s Fraser, Michigan operation is a manufacturer of highly-engineered plastic components and assemblies for interior, exterior, and functional applications. Serving its OEM and tier I customer base, the facility’s products include fascia bracket systems, radiator and front grille support systems, ornamental exterior appliques, underbody splash and aero shields and MIC interior components. The 120,000 square foot operation maintains 35 injection molding presses ranging from 45 to 3,300 tons, as well as other equipment enabling a variety of value-added secondary operations such as post mold assembly and vibration welding.
“This acquisition supports Revere’s vision for growth while investing in the community, securing jobs and building on Revere and the Fraser operation’s initiatives. We are excited to integrate our complementary capabilities and invest in the Fraser operation including adding additional engineering support,” said Glen Fish, CEO of Revere Plastics Systems. “The transaction reinforces Revere as a leader in the plastic injection molding industry by adding to its capabilities while remaining dedicated to delivering highly engineered, complex parts. Revere plans to continue executing its growth strategy through future acquisitions,” Fish commented.
Revere Plastics Systems, LLC, has over 50 years of experience in plastics and manufacturing. The company was founded to better serve customers world-wide while applying its engineering core to improve its customers’ competitive global position. Revere has manufacturing capabilities that include value added plastic injection molding, welding, assembly and testing. For over 25 years, Revere has remained among the nation’s top 100 plastic injection molders. The company employs more than 1,000 people in its manufacturing, technical and sales facilities. For more information, please visit www.revereplasticssystems.com.
Ardian is a world-leading private investment house with assets of US$90bn managed or advised in Europe, the Americas and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base. Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world. Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 560 employees working from fifteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco, and Santiago) and Asia (Beijing, Seoul, Singapore, and Tokyo). It manages funds through five pillars of investment expertise: Funds of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt. For more information, please visit www.ardian.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 205 transactions since 2009 for multinational corporations, privately-held companies, private equity funds, and public sector clients. For additional information, please visit www.angleadvisors.com.