Precision Valve’s products are used in a variety of end markets including personal care, household, food & beverage, industrial and pharmaceutical. Based in New York, the company operates a multinational network of facilities spanning sixteen countries on six continents and is headquartered in New York (www.precisionglobal.com).
“Precision’s Valve’s strong market position, global footprint and blue-chip customer base made this a highly compelling acquisition,” said Robert Strauss, Managing Director of Peak Rock Capital. “We believe that Precision Valve represents an excellent platform for growth through both organic initiatives and strategic acquisitions.”
Precision Valve was founded in 1949 by Robert Abplanalp and two partners to manufacture a new type of aerosol valve Mr. Abplanalp had invented and patented. At that time, aerosol technology was not new, but the metal valves on aerosol cans were unreliable, easily corroded and expensive to produce. Mr. Abplanalp used plastic in a model that could be mass produced, lowering the price per valve, to 2 1/2 cents from 15 cents. Mr. Abplanalp is considered by some to be the Henry Ford of the packaging industry.
“Our investment in Precision Valve is a great example of Peak Rock’s continued interest in investing in leading middle market manufacturing businesses, particularly packaging related companies that serve high-growth consumer, personal care and pharmaceutical end markets,” said Anthony DiSimone, Chief Executive Officer of Peak Rock Capital. “This acquisition also highlights our experience and distinct capabilities in quickly closing complex cross border transactions, leveraging the expertise of our multinational team.”
Peak Rock Capital makes debt and equity investments of $20 million to $150 million in middle market companies with revenues from $50 million to $1 billion and enterprise values from $25 million to $500 million. Sectors of interest include business and commercial services; consumer; distribution and logistics; energy and related services; healthcare; industrials; manufacturing, metals, and media. The firm is based in Austin (www.peakrockcapital.com).
“Precision Valve has been at the forefront of the aerosol valve industry since the company’s inception. We are eager to work with Peak Rock to execute transformational initiatives and investments, especially in innovation and new product development,” said Doug Hind, Chief Executive Officer of Precision Valve.
2015 PEPD • Private Equity’s Leading News Magazine • 5-4-15