P.J. 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. American Plastics and Frontier Fire . Business Wire | July 20, 2022. P.J. We significantly eagerly anticipate enjoying American Plastics continue to grow and grow.. Gilbert to Principal and Kapish Haldia to Senior Associate and the addition of Kelly Cash as an Associate. 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. Highview invests in and provides strategic and operational. 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. 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. The company also manufactures containers for the janitorial, food service and office products segments. 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. Please select at least one newsletter to subscribe. Our client success team member will get in touch with you shortly to take this ahead. The Firm generally looks to provide funding to 'sound' companies in need of liquidity and/or restructuring. Gilbert said in a statement. About Victory Park Capital Advisors, LLC A representative for Victory Park indicated work over time has created a national player. 7-Day Free Trial. 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. Happy Surfing! 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"We aimed to transform this business and the sale is a reflection of this group's dedication to that shared goal. 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. 212-687-8080 / 415-618-8750, https://www.businesswire.com/news/home/20220720005208/en/. Get the latest Pittsburgh local news, breaking news, sports, entertainment, weather and traffic, as well as national and international news, from the Pulitzer Prize-winning staff of the Pittsburgh Post-Gazette. Investment Summary; Date: 2022-07-20: Target: American Plastics: Ryan McCarthy, Co-Founder of Highview, said, We are pleased to recognize both P.J. Victory Park Capital is a global alternative investment firm that provides capital to emerging and established businesses in the U.S. and abroad. American Plastics markets its branded products under the Continental Commercial Products, Contico, Wilen, and Fundamentals banners. KBP Foods LLC operates quick service restaurants as a franchisee under the YUM! About Highview Capital, LLC Oakam was formed in 2006 and is based in Croydon, United Kingdom. 310.806.9780. The firm was founded in 2007 and is headquartered in Chicago with additional resources in New York, Los Angeles, Austin and Miami. American Plastics makes, imports and distributes consumer storage and commercial cleaning products. Founded in 2016, Highview is a $500 million evergreen private equity fund based in Los Angeles. We greatly look forward to watching American Plastics continue to grow and flourish.. VPC is privately held and a Registered Investment Advisor with the SEC. 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. Do you have some thoughts you'd like to share with our readers? American Plastics is based in St. Louis, Missouri. This Tiffin area is a previous Katy Industries area. 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 . Highview leverages its creative vision and expertise to partner with management teams of leading middle-market businesses undergoing periods of transformation. Contacts The sale of American Plastics marks the very first exit for Highview Capital because the companys launch in 2016 and is a testimony to Highviews technique to assisting middle market business poised to go through an improvement through a positive, collective, and long-lasting collaboration. A story from the duration stated the website likewise produced shelving and carry bags under the Leader and Blue Hawk brand names for Lowes, the Husky brand name for House Depot, and Hard Box for Sams Club. American Plastics, in 2019, said it was spending $3.5 million and hiring 130 employees at its Tiffin, Ohio, injection molding plant to help meet increased demand for shelving and totes sold under the Craftsman brand at Lowe's. Throughout Highview and Success Parks ownership, more than $100 million has actually been bought the business to increase capability and automation and present brand-new items, Highview stated. About Highview Capital Highview Capital is an opportunistic private equity investment vehicle headquartered in Los Angeles,. Victor Park's target investment size range is $5 to $100 million. 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. Victory Park Capital Advisors was formed in 2007 and is headquartered in Chicago, Illinois. Together, we aimed to transform this business and the sale is a reflection of this groups dedication to that shared goal. 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. Mr. Haldia graduated from the Leonard N. Stern School of Business at New York University with a B.S. This includes healthy companies where management is looking to achieve liquidity, companies in need of operating improvements, and companies in transition or distress. Victory Park Capital is a global alternative investment firm that provides capital to emerging and established businesses in the U.S. and abroad. 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. American Plastics success is the outcome of combining 3 significant market players and driving change in collaboration with a first-rate management group. 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. 1155 Gratiot Avenue Together, we aimed to transform this business and the sale is a reflection of this groups dedication to that shared goal. Please enable javascript in your browser in order to get form work properly. We are greatly looking forward to the future., Since 2017, weve been on an amazing journey with Highview and the American Plastics management team to develop a national leader in the industry, said Charlie Asfour, on behalf of Victory Park. Together, we aimed to transform this business and the sale is a reflection of this groups dedication to that shared goal. American Plastics is a leading designer and maker of ingenious plastic-injection molded items for the home & garage storage and business cleansing end-markets. 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. American Plastics has an overall of 14 production and sales areas. A combination of newly implemented cutting-edge technologies and a renewed focus on our core storage customers led AP to a true leadership position in the industry. The current Trulia Estimate for 22104 Highview Trail Pl is $932,200. Victory Park Capital is a global alternative investment firm that provides capital to emerging and established businesses in the U.S. and abroad. About Highview Capital, LLC Founded in 2016, Highview is a $500 million evergreen private equity fund based in Los Angeles. 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. Highview leverages its innovative vision and proficiency to partner with management groups of leading middle-market companies going through durations of change. Suzanne Byowitz / Anne Nisperos Hew P.J. For more information, visit www.highviewcapital.com. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. We quite eagerly anticipate seeing American Plastics continue to grow and flourish, Charlie Asfour stated in a declaration. 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. Ochre Media Pvt Ltd., 2023. About Victory Park Capital Advisors, LLC For additional information, please visit www.highviewcp.com. The Firm generally looks to provide funding to 'sound' companies in need of liquidity and/or restructuring. We want to thank Robert Guerra, Nick Reinhart and the management group for their collaboration in growing the Business over the last 5 years., Over the previous 5 years, we have actually worked relentlessly to develop a leading existence on the planet of sustainable injection-formed plastics, and we are very pleased with all we have actually achieved, stated Robert Guerra, President and President of American Plastics. We are greatly looking forward to the future., Since 2017, weve been on an amazing journey with Highview and the American Plastics management team to develop a national leader in the industry, said Charlie Asfour, on behalf of Victory Park. Highview leverages its creative vision and expertise to partner with management teams of leading middle-market businesses undergoing periods of transformation. Suzanne Byowitz/Anne Nisperos Hew Plastics News covers the business of the global plastics industry. For victory Park Capital is a $ 500 million evergreen private equity vehicle. For 22104 Highview Trail Pl is $ 5 to $ 100 million created a national player School of business New... $ 5 to $ 100 million vision and expertise to partner with management groups of leading businesses! Innovative vision and expertise to partner with management teams of leading middle-market businesses undergoing periods of transformation LLC. 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