Mid-market investment bank Capstone Partners has advised the shareholders of CCW Products and its sister company, CCW Distributors, in its sale to Priority Plastics.
CCW is an extrusion blow-mold manufacturer of FDA approved food grade PVC and PET plastic containers in a variety of shapes, sizes and fluid capacities. With over 100 employees, CCW specializes in wide mouth containers providing over 300 SKUs for more than 500 customers throughout the US. The company is based in Arvada, CO (www.ccwproducts.com).
The sale of CCW allows the second generation of the founder’s family to retire after a short transition period and assures the retention of CCW’s employees as Priority expects production of CCW’s products to continue in Colorado for many years to come. “This ownership change is a win all the way around – for my clients, the sellers, as well as the buyer, the employees and the customers. That makes for a very satisfying transaction,” said David Bench, a Capstone Managing Director and head of the firm’s packaging group.
Priority Plastics is a national plastics manufacturer of custom and stock plastic containers. The company has six US manufacturing plants and is headquartered in Portland, IN (www.priorityplastics.com).
“Our specialty is in blow molding, which is one of the most technical areas in plastics manufacturing. With the combination of CCW’s PVC and PET containers and Priority’s products, our customers will have more options available to them,” said Gary Turner, Chief Operating Officer of Priority Plastics.
Capstone is a middle market investment banking firm that provides mergers & acquisitions, private placements, corporate restructuring, valuation advisory, and merchant banking services. In addition to these transaction and financial advisory services, Capstone offers private equity firms, commercial lenders and private businesses with a range of strategic advisory services that are typically utilized for either pre-planning or assessment purposes. The firm is headquartered in Boston with additional offices in Chicago, Philadelphia, Los Angeles, San Diego and Silicon Valley (www.capstonellc.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 1-17-13
