Plasman Plastics, Inc.
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Plasman Plastics, Inc. - overview
Established
1992
Location
-, ON, Canada
Primary Industry
Materials
About
Based in Ontario, Canada, and founded in 1978, Plasman Plastics, Inc. supplies OEMs, contract manufacturers, and distributors with automotive components. David Wiskel serves as the Chief Executive Officer (CEO) of the company as of 2021. In 2011, Insight Equity acquired A.
P. Plasman Inc. In October 2021, MiddleGround Capital acquired Plasman Plastics, Inc. from Insight Equity.
The company is a single-source provider of exterior materials and systems to car original equipment manufacturers. Tooling, injection molding, paint treatments, and assembly are among the company's capabilities in both North America and Europe. It also involves the production of light vehicle bumpers, fascias, grilles, exterior trim, and subsystem components. The company's main clients include companies from different types of industries, such as automotive, consumer products, medical devices, etc.
The acquisition by MiddleGround Capital will support the expansion of Plasman Plastics, Inc. into new product markets and geographies.
Current Investors
MiddleGround Capital
Primary Industry
Materials
Sub Industries
Consumer Products, Monitoring Equipment, Automobiles, Other Vehicles & Parts, Rubber & Plastics
Website
www.plasman.com
Verticals
Manufacturing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Plasman Plastics, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Completed | Plasman Plastics, Inc. | - | ||||||||
| Add-on | Completed | Minghua USA Inc. | - | ||||||||
| Add-on | Completed | Plastal Industri AB | - | ||||||||
| Add-on, Corporate Carve Out, Trade Sale | Completed | Thermotech, Inc. | - | ||||||||
| Add-on | Completed | A-Brite Plating Company | - |
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