TIFFIN, OHIO - September 24, 2019 - American Plastics, a premier plastic injection molding company located just south of Tiffin, Ohio, has announced that it will be investing a total of $3.5 million and hiring more than 130 workers by the end of 2019.. 22104 Highview Trail Pl was last sold on Oct 27, 2004 for $587,131. With the acquisitions, American Plastics said it will become one of the only companies in the United States to achieve national scale in the plastics industry, with a solid base of blue-chip retail and commercial customers. P.J. Dr. Gavaris lives in Bethesda, and enjoys playing golf and spending time with his wife and family. Gilbert, Managing Director at Highview and Chairman of American Plastics, commented: American Plastics success is the result of bringing together three scale industry players and driving a transformation in partnership with a top-notch management team. Joes Jeans was formed in 2001 and is based in Los Angeles, California. Ms. Cash will focus on conducting diligence of new investments and providing operational support to Highviews portfolio companies. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2021 | Highview Capital, LLC | All Rights Reserved. Highview invests in and provides strategic and operational. American Plastics is headquartered in St. Louis and operates a national footprint of manufacturing and distribution facilities in Arizona, Ohio, Missouri, and South Carolina. Prior to joining Highview, Mr. Gilbert served as a Vice President at JLL Partners, a New York-based private equity fund. We would like to thank Robert Guerra, Nick Reinhart and the management team for their partnership in growing the Company over the last five years., Over the past five years, we have worked tirelessly to create a leading presence in the world of sustainable injection-molded plastics, and we are extremely proud of all we have accomplished, said Robert Guerra, President and Chief Executive Officer of American Plastics. The facility was operated by the former Katy Industries Inc., which emerged from bankruptcy in 2018 as American Plastics and is now owned by the private equity firms Highview Capital LLC and . Mr. Haldia is responsible for diligence of new investments, in addition to providing operational support to management teams across the firms portfolio. Highview Capital LLC (Highview) today announced the sale of its portfolio company, American Plastics LLC, (American Plastics or AP or the Company) a leading designer and manufacturer of innovative, sustainable home storage and commercial cleaning products. It offers denim, apparel, and accessories and is available at premium department stores in the United States, at specialty boutiques globally, 10 Joes Jeans stores, and at the digital flagship www.joesjeans.com. This is transaction in Missouri. About Highview Capital Highview Capital is an opportunistic private equity investment vehicle headquartered in Los Angeles,. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. We quite eagerly anticipate seeing American Plastics continue to grow and flourish, Charlie Asfour stated in a declaration. We greatly look forward to watching American Plastics continue to grow and flourish.. Highview Capital, LLC is an opportunistic private equity investment vehicle headquartered in Los Angeles, CA providing transformational equity. American Plastics will now operate 15 facilities nationwide, including five manufacturing plants and 10 distribution centers, the company said. He holds a B.S. Prior to joining Highview, Ms. Cash worked at Goldman Sachs for four years, first in the Credit Risk Group and later in the Global Industrials Group within the Investment Banking Division. American Plastics was formed by Highview and Victory Park Capital Advisors, LLC (Victory Park) through the initial acquisition of the assets of Katy Industries, Inc. in 2017 and the subsequent strategic merger in 2018 with Creative Plastic Concepts and Centrex Plastics, two high-growth complementary businesses owned by Nick Reinhart. STATUS: active learn more The firm was founded in 2007 and is headquartered in Chicago with additional resources in New York, Los Angeles, Austin and Miami. GS Foods Group is a specialized food service distribution company including its independent subsidiaries Gold Star Foods and Good Source Solutions. Los Angeles, CA 90025 That Tiffin site is a former Katy Industries location. Dr. Gavaris is a member of the American Academy of Ophthalmology, the American Society of Oculoplastic and Reconstructive Surgeons, and was named as one of Northern Virginia's top plastic surgeons. Katy had 300 employees as of Dec. 31 and six manufacturing and distribution facilities. For the previous 5 years, we have actually worked relentlessly to develop a leading existence on the planet of sustainable injection molded plastics, and were extremely pleased with all that we have actually achieved, stated Robert Guerra, CEO of American Plastics, in a Explanation. Mr. Gilbert is responsible for all aspects of the firms investment process, including the sourcing, diligence and execution of new investments. Highview Capital is a private equity firm focused on acquiring and investing in companies facing an inflection point. Private investment owners are selling injection molder American Plastics LLC after. Ryan McCarthy, Co-Founder of Highview, said, We are pleased to recognize both P.J. About Highview Capital, LLC Together, we aimed to transform this business and the sale is a reflection of this groups dedication to that shared goal. Highview Capital, LLC is an opportunistic private equity investment vehicle headquartered in Los Angeles, CA providing transformational equity. Your browser does not support JavaScript!. 7-Day Free Trial. Highview Capital is an opportunistic private equity investment . For more information, visit www.highviewcapital.com. Try For Free The new owner of the American Plastics was not revealed in a July 20 announcement, and a representative for Highview could not be immediately reached for comment. Victory Park Capital Sells Portfolio Company American Plastics. Over the course of Highviews investment, the Company invested approximately $100 million of growth capital to increase capacity, create highly automated operations, and introduce new products. Ochre Media Pvt Ltd., 2023. Sard Verbinnen & Co This property is not currently available for sale. The fund is backed by patient capital from a single source, allowing it to take a long-term perspective. American Plastics revealed in 2019 that it was investing $3.5 million and working with 130 staff members at its Tiffin, Ohio injection molding center to fulfill increased need for racks and carry bags offered under the Artisan brand name at Lowes. We significantly eagerly anticipate enjoying American Plastics continue to grow and grow.. Highview Sells American Plastics. The firm was founded in 2007 and is headquartered in Chicago with additional resources in New York, Los Angeles, Austin and Miami. Highview Capital LLC today announced the sale of its portfolio company, American Plastics LLC, a leading designer and manufacturer of innovative, sustainable home storage and commercial cleaning products. and Kapish with these promotions, and we are thrilled to add Kelly to the team. Do you have an opinion about this story? Please fill the all required fields.!! Since then, Highview, alongside Victory Park, has led a transformation of the legacy business, recruiting a world class management team, revamping the go-to-market strategy and driving substantial operational improvements to create a national leader in plastic-injection molded products. The Firm looks to invest $10 to $125 million in businesses valued between $50 and $350 million. Victory Park Capital is a global alternative investment firm that provides capital to emerging and established businesses in the U.S. and abroad. Highview Aquires WilMar, to Merge with Randall. VPC is independently held and a Registered Financial Investment Consultant with the SEC. Highview Capital, LLC is an opportunistic private equity investment vehicle headquartered in Los Angeles, CA providing transformational equity. This is Highview Capitals 1st and Victory Park Capital Advisors 1st transaction in Missouri. Based in St. Louis, American Plastics makes house and garage storage items, shelving systems, tool boxes and workstations that are cost retail areas. STATUS: realized learn more GS Foods GS Foods is a specialized food distribution company focused on institutional end markets such as K-12 education. American Plastics was formed by Highview and Victory Park through the initial acquisition of the assets of Katy Industries, Inc in 2017 and the merger in 2018 with Creative Plastic Concepts. Watterson provides facility management, environmental and emergency and disaster response services to a national base of blue-chip customers. in Accounting and a Masters in Accounting from Auburn University. Highview Capital LLC constructed American Plastics with partner Success Park Capital Advisors LLC starting with the purchase of Katy Industries Inc. in 2017 and a subsequent merger with sis business Creative Plastic Concepts and Centrex Plastics in 2018. The Firm looks to invest $10 to $125 million in businesses valued between $50 and $350 million. This capital investment laid the foundation for the Companys end-to-end capabilities in the design and manufacture of proprietary products for the home storage and commercial cleaning end-markets, which serve a roster of blue-chip customers. Highview Capital is a private equity firm focused on acquiring and investing in companies facing an inflection point. Ever since, Highview, together with Success Park, has actually led an improvement of the tradition company, hiring a world class management group, revamping the go-to-market method and driving considerable functional enhancements to develop a nationwide leader in plastic-injection molded items. . 212-687-8080/415-618-8750. The sale of American Plastics marks the first exit for Highview Capital since the firms launch in 2016 and is a testament to Highviews approach to helping middle market companies poised to undergo a transformation through a constructive, collaborative, and long-term partnership. American Plastics has a total of 14 manufacturing and distribution locations. American Plastics was formed by Highview Capital LLC (Highview) and VPC through the initial acquisition of the assets of Katy Industries, Inc. in 2017 and the subsequent strategic merger in 2018 with Creative Plastic Concepts and Centrex Plastics, two high-growth complementary businesses owned by Nick Reinhart. Victory Park Capital Advisors was formed in 2007 and is headquartered in Chicago, Illinois. For more information, please visit www.victoryparkcapital.com. Since then, Highview, alongside Victory Park, has led a transformation of the legacy business, recruiting a world class management team, revamping the go-to-market strategy and driving substantial operational improvements to create a national leader in plastic-injection molded products. All Rights Reserved. American Plastics - Highview Capital American Plastics American Plastics is the 2nd largest designer, manufacturer, and distributor of innovative, environmentally-friendly home storage, home organization, and commercial cleaning products in the United States. More than $100 million was invested in the company during Highview's and Victory Park's ownership to increase capacity and automation and introduce new products, Highview said. 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