Portfolio - Highview Capital American Plastics American Plastics designs and manufactures environmentally-friendly home storage and commercial cleaning products. LOS ANGELES- ( COMPANY WIRE )-Highview Capital LLC ("Highview") today revealed the sale of its portfolio business, American Plastics LLC, ("American Plastics" or "AP" or the "Business") a leading designer and maker of ingenious, sustainable house storage and business cleansing items. For more information, please visit: www.americanplasticsllc.com. 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. We are significantly eagerly anticipating the future., Because 2017, weve been on an incredible journey with Highview and the American Plastics management group to establish a nationwide leader in the market, stated Charlie Asfour, on behalf of Success Park. Highview leverages its innovative vision and proficiency to partner with management groups of leading middle-market companies going through durations of change. 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. American Plastics has an overall of 14 production and sales areas. The company focuses on the education, corrections, non-profit, business & industry, and healthcare industries, and serves more than 10,000 customers nationwide, including the delivery of 6.5 million healthy, high-quality meals to students each day. and Kapish with these promotions, and we are thrilled to add Kelly to the team. 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. 310.806.9780. Gilbert said in a statement. LOS ANGELES and CHICAGO Victory Park Capital Advisors, LLC (Victory Park or VPC) 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. Highview Capital was established in 2016 and is headquartered in Los Angeles, California. Los Angeles, CA 90025 About Victory Park Capital Advisors, LLC Together, we aimed to transform this business and the sale is a reflection of this groups dedication to that shared goal. American Plastics success is the outcome of combining 3 significant market players and driving change in collaboration with a first-rate management group. Los Angeles, CA 90025 Do you have an opinion about this story? For more details, please see www.victoryparkcapital.com. Sard Verbinnen & Co Happy Surfing! To ensure the most secure and best overall experience on our website, we recommend the latest versions of. On July 24, 2017, private equity firm Highview Capital and mezzanine finance firm Victory Park Capital Advisors acquired plastics company American Plastics Acquisition Highlights. Founded in 2016, Highview is a $500 million evergreen private equity fund based in Los Angeles. Victory Park Capital Advisors was formed in 2007 and is headquartered in Chicago, Illinois. American Plastics is based in St. Louis, Missouri. St. Louis, Mo.-based American Plastics LLC will invest $3.5 million and hire more than 130 employees by the end of the year at its Tiffin, Ohio, injection molding plant to meet increased demand. Since then, Highview and Victory Park have 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. Alyssa Lorenzo / Hayley Fahey / Suzanne Byowitz 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. Victor Park's target investment size range is $5 to $100 million. The company was established in 2007 and is headquartered in Chicago with extra resources in New york city, Los Angeles, Austin and Miami. The firm was founded in 2007 and is headquartered in Chicago with additional resources in New York, Los Angeles, Austin and Miami. American Plastics was formed by Highview and Success Park Capital Advisors, LLC (Success Park) through the preliminary acquisition of the possessions of Katy Industries, Inc. in 2017 and the subsequent tactical merger in 2018 with Innovative Plastic Ideas and Centrex Plastics, 2 high-growth complementary companies owned by Nick Reinhart. Highview invests in and provides strategic and operational. American Plastics is a leading designer and manufacturer of innovative plastic-injection molded products for the household & garage storage and commercial cleaning end-markets. 310.806.9780. 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. American Plastics makes, imports and distributes consumer storage and commercial cleaning products. We significantly eagerly anticipate enjoying American Plastics continue to grow and grow.. 1155 Gratiot Avenue American Plastics and Frontier Fire . 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. Highview Capital, LLC is an opportunistic private equity investment vehicle headquartered in Los Angeles, CA providing transformational equity. For more information, please visit www.victoryparkcapital.com. Victory Park Capital Advisors is an alternative investment firm focused on providing debt and equity capital to small and middle-market companies in a variety of sectors of situations. Ryan McCarthy, Co-Founder of Highview, said, We are pleased to recognize both P.J. Gilbert to Principal . The firm was founded in 2007 and is headquartered in Chicago with additional resources in New York, Los Angeles, Austin and Miami. LOS ANGELES, CA - 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. Your browser does not support JavaScript!. All rights reserved. A year ago, Highview and Chicago-based private equity firm Victory Park Capital backed St. Louis-based American Plastics' acquisition of Centrex Plastics and Creative Plastic Concepts. 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 . Personal financiers are offering injection molder American Plastics LLC after 5 years of control. Joes Jeans was formed in 2001 and is based in Los Angeles, California. Private investment owners are selling injection molder American Plastics LLC after five years of control. Oakam was formed in 2006 and is based in Croydon, United Kingdom. A mix of freshly executed innovative innovations and a restored concentrate on our core storage consumers has actually moved AP to a real management position in the market, Highview CEO PJ Gilbert stated in a declaration. 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. For more information, please visit: www.americanplasticsllc.com . STATUS: active learn more American Plastics is a leading designer and maker of ingenious plastic-injection molded items for the home & garage storage and business cleansing end-markets. 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. GS Foods Group is a specialized food service distribution company including its independent subsidiaries Gold Star Foods and Good Source Solutions. Thank you for your interest in publishing press release with Hospitals Management. The new investment and job creation is due to both the acquisition of the former Katy Industries facility by Highview Capital in 2018 and . American Plastics is a manufacturer, importer, and distributor of commercial cleaning and consumer storage products. Try For Free Investment Summary; Date: 2022-07-20: Target: American Plastics: Highview Capital to Acquire Bassett Creek Services. "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," American Plastics CEO Robert Guerra said in a statement. Katy had 300 employees as of Dec. 31 and six manufacturing and distribution facilities. We greatly look forward to watching American Plastics continue to grow and flourish.. This is Highview Capitals 1st and Victory Park Capital Advisors 1st transaction in Missouri. Success Park Capital is an international alternative financial investment company that supplies capital to emerging and developed companies in the U.S. and abroad. LOS ANGELES--(BUSINESS WIRE)--Highview Capital, LLC (Highview), a Los Angeles-based middle-market private equity firm, today announced the promotions of P.J. VPC is privately held and a Registered Investment Advisor with the SEC. American Plastics LLC molds storage boxes, shelves and other housewares sold at retailers across the U.S. We report news, gather data and deliver timely information that provides our readers with a competitive advantage. 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Highview Capital, LLC ("Highview"), a Los Angeles-based middle-market private equity firm, today announced the promotions of P.J. Plastics News would love to hear from you. 7-Day Free Trial. 310-201-2040 / 212-687-8080 / 415-618-8750, 11755 Wilshire Blvd Suite 1400 LOS ANGELES, July 20, 2022 -- ( BUSINESS WIRE )--Highview Capital LLC ("Highview") today announced the sale of its portfolio company, American Plastics LLC, ("American Plastics" or. About Highview Capital, LLC Highview leverages its creative vision and expertise to partner with management teams of leading middle-market businesses undergoing periods of transformation. KBP Foods was formed in 1999 and is based in Overland Park, Kansas. All Rights Reserved. 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. Robert Guerra, who was named Katy's president and CEO last year, will lead American Plastics as president and CEO, the company said. The firms differentiated offerings leverage an extensive network of industry relationships, disciplined deal origination, creative financing capabilities, broad credit structuring and special situations expertise. American Plastics is headquartered in St. Louis and runs a nationwide footprint of production and circulation centers in Arizona, Ohio, Missouri, and South Carolina. The company is primed to win market share from incumbents in the UK and abroad with its digital-first model that captures the potential of smartphone technology to enhance the customer experience, drive operational efficiency, and better predict and manage risk in micro-lending. 300 employees as of Dec. 31 and six manufacturing and distribution facilities 's target investment size range $... 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