Mold-Rite Plastics, a manufacturer of rigid plastic packaging products and a portfolio company of Irving Place Capital, has acquired Stull Technologies, a manufacturer of dispensing closures, caps, lids, and packaging components.
The acquisition will broaden Mold-Rite Plastics’ product line, geographic reach and manufacturing capabilities. “Combining Stull Technologies with the Mold-Rite Plastics family is another example of our commitment to superior service, flexibility and overall customer-focused value,” said Brian Bauerbach, President and CEO of Mold-Rite Plastics. “We are very excited to work with the outstanding people at Stull to continue our mission of enhancing our customers’ products through superior packaging solutions.”
Stull Technologies is a designer, developer, and manufacturer of dispensing closures, caps, lids, and packaging components. The company is based in Somerset, NJ (www.stulltech.com).
Mold-Rite Plastics is a manufacturer of rigid plastic packaging products, serving a variety of markets around the world. The company’s product lines include a variety of caps and closures, a full line of jars and a variety of specialty items. The company was founded in 1976 and is headquartered in Plattsburgh, NY (www.moldriteplastics.com).
Irving Place Capital invests in buyouts, recapitalizations and growth capital opportunities. The firm focuses on making control or entrepreneur-driven investments. Since its formation in 1997, Irving Place Capital has been an investor in 55 companies and manages over $4 billion, including its current $2.7 billion institutional fund. The firm is based in New York (www.irvingplacecapital.com).
P&M Corporate Finance served as financial advisor to Stull Technologies.
© 2012 PEPD • Private Equity’s Leading News Magazine • 11-26-12
