CLEVELAND, OHIO – Cleveland private equity firm CapitalWorks, LLC announced today the sale of its investment in Premium Plastic Solutions, LLC (“PPS”), a custom blow molder, to Universal Plastics, a producer of large plastic parts with complex designs and excellent cosmetics. Terms of the deal were not disclosed.
“CapitalWorks invested alongside Little Mountain Industries in Premium Plastic Solutions in 2010, and over the past seven-years both have supported an effort to improve the business and prepare for its next phase of growth. Premium Plastic Solutions has an excellent partner in Universal Plastics, and a great group of core employees to take the company to the next level.” Said Dick Hollington, Managing Director of CapitalWorks, LLC.
Todd Martin, Managing Director of CapitalWorks, LLC commented, “we are excited to have found a partner for PPS that will continue to invest in future growth strategies. … Read this article