Highview Aquires WilMar, to Merge with Randall. 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. The fund is backed by patient capital from a single source, allowing it to take a long-term perspective. Highview was founded in 2016 and is based in . 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. This Tiffin area is a previous Katy Industries area. LOS ANGELES, July 20, 2022--Highview Capital LLC ("Highview") today announced the sale of its portfolio company, American Plastics LLC, ("American Plastics" or "AP" or the "Company") a leading . American Plastics is headquartered in St. Louis and operates a national footprint of manufacturing and distribution facilities in Arizona, Ohio, Missouri, and South Carolina. Highview Sells American Plastics. The company was established in 2007 and is headquartered in Chicago with extra resources in New york city, Los Angeles, Austin and Miami. American Plastics success is the outcome of combining 3 significant market players and driving change in collaboration with a first-rate management group. He serves on the Boards of Highview portfolio companies American Plastics and Frontier Fire Protection. For more information, please visit www.victoryparkcapital.com. KBP Foods LLC operates quick service restaurants as a franchisee under the YUM! About American Plastics, LLC American Plastics LLC molds storage boxes, shelves and other housewares sold at retailers across the U.S. P.J. 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. 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. American Plastics LLC molds storage boxes, shelves and other housewares sold at retailers across the U.S. We greatly look forward to watching American Plastics continue to grow and flourish," Charlie Asfour said in a statement. About Highview Capital, LLC Founded in 2016, Highview is a $500 million evergreen private equity fund based in Los Angeles. On July 20, 2022, invested in plastics company American Plastics from Highview Capital and Victory Park Capital Advisors Investment Highlights. For more information, please visit: www.americanplasticsllc.com. Katy had 300 employees as of Dec. 31 and six manufacturing and distribution facilities. 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. 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. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 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. We significantly eagerly anticipate enjoying American Plastics continue to grow and grow.. 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. Founded in 2016, Highview is a $500 million evergreen private equity fund based in Los Angeles. . 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. American Plastics is based in St. Louis, Missouri. 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. Highview Capital is a private equity firm focused on acquiring and investing in companies facing an inflection point. http://www.highviewcapital.com Industries Investment Management Company size 2-10 employees Headquarters Los Angeles, California Type Privately Held Founded 2016 Locations Primary Los Angeles,. Highview Capital is a private equity firm focused on acquiring and investing in companies facing an inflection point. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2021 | Highview Capital, LLC | All Rights Reserved. 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. Business Wire | July 20, 2022. 310-201-2040, Internet Explorer presents a security risk. Ms. Cash will focus on conducting diligence of new investments and providing operational support to Highviews portfolio companies. Robert Guerra, who was named Katy's president and CEO last year, will lead American Plastics as president and CEO, the company said. Success Park Capital is an international alternative financial investment company that supplies capital to emerging and developed companies in the U.S. and abroad. 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. Highview Capital was established in 2016 and is headquartered in Los Angeles, California. Together, we aimed to transform this business and the sale is a reflection of this groups dedication to that shared goal. About Victory Park Capital Advisors, LLC 7-Day Free Trial. This is Highview Capitals 1st and Victory Park Capital Advisors 1st transaction in Missouri. VPC is privately held and a Registered Investment Advisor with the SEC. About Victory Park Capital Advisors, LLC P.J. 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. Los Angeles, CA 90025 This includes healthy companies where management is looking to achieve liquidity, companies in need of operating improvements, and companies in transition or distress. Oakam is a digital micro-lender that provides a vital service to underserved communities who otherwise struggle to access the funds they need to manage immediate financial obligations and improve long-term financial health. Despite the growing digital disruption in financial services, dominant players in the micro-lending sector have been slower to innovate. For more information, visit www.highviewcapital.com. 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. American Plastics is a leading designer and manufacturer of innovative plastic-injection molded products for the household & garage storage and commercial cleaning end-markets. This is Highview Capital's 1st and Victory Park Capital Advisors' 1st transaction in the Plastics sector. Los Angeles, CA 90025 American Plastics brand-new owner was not revealed in a July 20 statement, and a Highview agent might not be instantly grabbed remark. VPC is privately held and a Registered Investment Advisor with the SEC. Plastics News covers the business of the global plastics industry. 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. 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. KBP Foods was formed in 1999 and is based in Overland Park, Kansas. Oculoplastic Specialist. Highview leverages its creative vision and expertise to partner with management teams of leading middle-market businesses undergoing periods of transformation. 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. #BRK.2016002560 Northmarq 5749 Park Center Court Toledo, OH 43615 northmarq.com Be Notified of our Current Listings SUBSCRIBE Please fill the all required fields.!! 310.806.9780. The firms differentiated offerings leverage an extensive network of industry relationships, disciplined deal origination, creative financing capabilities, broad credit structuring and special situations expertise. 212-687-8080 / 415-618-8750, https://www.businesswire.com/news/home/20220720005208/en/. 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. Thank you for your interest in publishing press release with Hospitals Management. 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. P.J. Suzanne Byowitz / Anne Nisperos Hew 2023 - Plastic Molding News. Try For Free 7-Day Free Trial. 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. 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. American Plastics is headquartered in St. Louis and operates a national footprint of manufacturing and distribution facilities in Arizona, Ohio, Missouri, and South Carolina. Sectors of interest include business services, chemicals, distribution, energy, healthcare, manufacturing, packaging, retail/consumer, technology, media, and communications. 212-687-8080/415-618-8750. "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. American Plastics has a total of 14 manufacturing and distribution locations. The Firm generally looks to provide funding to 'sound' companies in need of liquidity and/or restructuring. Highview leverages its creative vision and expertise to partner with management teams of leading middle-market businesses undergoing periods of transformation. Brands umbrella, primarily within the KFC and Taco Bell concepts. American Plastics is based in St. Louis, Missouri. LOUIS--American Plastics, LLC ("American Plastics"), a leading manufacturer, importer and distributor of consumer storage and commercial cleaning products, and a Highview Capital, LLC ("Highview") and Victory Park Capital Advisors, LLC ("Victory Park") portfolio company, today announced it has acquired Centrex Plastics, LLC ("Centrex") and Victory Park Capital is a global alternative investment firm that provides capital to emerging and established businesses in the U.S. and abroad. 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