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. American Plastics will now operate 15 facilities nationwide, including five manufacturing plants and 10 distribution centers, the company said. VPC is privately held and a Registered Investment Advisor with the SEC. 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. 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. KBP Foods was formed in 1999 and is based in Overland Park, Kansas. Highview Capital, LLC is an opportunistic private equity investment vehicle headquartered in Los Angeles, CA providing transformational equity. We are happy for the Highview and Success Park groups deep understanding of our market and their capability to roll up their sleeves and genuinely work together with us to get to the very best result for our group. We greatly look forward to watching American Plastics continue to grow and flourish.. 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. 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. We wished to change this service, and the sale shows this groups dedication to that typical objective. 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. Ryan McCarthy, Co-Founder of Highview, said, We are pleased to recognize both P.J. Sectors of interest include business services, chemicals, distribution, energy, healthcare, manufacturing, packaging, retail/consumer, technology, media, and communications. Ms. Cash will focus on conducting diligence of new investments and providing operational support to Highviews portfolio companies. 2023 - Plastic Molding News. For more information, visit www.highviewcapital.com. 22104 Highview Trail Pl, Ashburn, VA 20148 is a studio, 3.5 bathroom, 3,505 sqft single-family home built in 2004. 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 LLC molds storage boxes, shelves and other housewares sold at retailers across the U.S. Oculoplastic Specialist. The firm was founded in 2007 and is headquartered in Chicago with additional resources in New York, Los Angeles, Austin and Miami. 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. P.J. Brands umbrella, primarily within the KFC and Taco Bell concepts. 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. Together, we aimed to transform this business and the sale is a reflection of this groups dedication to that shared goal. American Plastics LLC molds storage boxes, shelves and other housewares sold at retailers across the U.S. 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. This includes healthy companies where management is looking to achieve liquidity, companies in need of operating improvements, and companies in transition or distress. Your browser does not support JavaScript!. Victory Park Capital Advisors was formed in 2007 and is headquartered in Chicago, Illinois. 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. Please select at least one newsletter to subscribe. P.J. We greatly look forward to watching American Plastics continue to grow and flourish.. Victory Park Capital is a global alternative investment firm that provides capital to emerging and established businesses in the U.S. and abroad. 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. He holds a B.S. 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. GS Foods Group is based in Carlsbad, California. American Plastics is a leading designer and maker of ingenious plastic-injection molded items for the home & garage storage and business cleansing end-markets. Your browser does not support JavaScript!. . Highview Capital, LLC is an opportunistic private equity investment vehicle headquartered in Los Angeles, CA providing transformational equity. American Plastics is a leading designer and manufacturer of innovative plastic-injection molded products for the household & garage storage and commercial cleaning end-markets. 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. 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. Full biographies for all Highview team members can be found at http://highviewcp.com/team/. American Plastics brand-new owner was not revealed in a July 20 statement, and a Highview agent might not be instantly grabbed remark. On July 20, 2022, invested in plastics company American Plastics from Highview Capital and Victory Park Capital Advisors Investment Highlights. About Victory Park Capital Advisors, LLC American Plastics is a leading designer and manufacturer of innovative plastic-injection molded products for the household & garage storage and commercial cleaning end-markets. Injection molder American Plastics gets brand-new owner. Email your letter to Editor at [emailprotected]. 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. With an emphasis on incorporating technology into design, the brand creates product for men, women, and kids that is innovative and fits flawlessly. 1155 Gratiot Avenue Paint market for non-plastic applications, India Plastic Caps & Closures Market Share, Size, Market, Plastics in Electronic Parts: Technologies and Global Markets, Der Markt fr Hilfsgerte fr pass away Kunststoffverarbeitung soll bis 2030 einen, The injection molded plastics market is set to reach $476.46, Plastic product packaging market predicted to be worth $492.3 billion by 2030: Grand, Plastics in Electronic Parts: Technologies and Global, NOVA releases circular plastics brand name to stay up to, Plastic particles in the sea makes hermit crabs, Council Roundup: Enables safety seat assessments, soft. This is Highview Capitals 1st and Victory Park Capital Advisors 15th transaction in the United States. This is transaction in Missouri. "We aimed to transform this business and the sale is a reflection of this group's dedication to that shared goal. The current Trulia Estimate for 22104 Highview Trail Pl is $932,200. 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 Sells American Plastics. 22104 Highview Trail Pl was last sold on Oct 27, 2004 for $587,131. For more information, please visit www.victoryparkcapital.com. For additional information, please visit www.highviewcp.com. Victory Park Capital Advisors was formed in 2007 and is headquartered in Chicago, Illinois. American Plastics is a leading designer and manufacturer of innovative plastic-injection molded products for the household & garage storage and commercial cleaning end-markets. For more details, see www.highviewcapital.com. Try For Free Highview was founded in 2016 and is based in . Despite the growing digital disruption in financial services, dominant players in the micro-lending sector have been slower to innovate. Staying current is easy with Plastics News delivered straight to your inbox, free of charge. Happy Surfing! Please enable javascript in your browser in order to get form work properly. LOS ANGELES--(BUSINESS WIRE)--Highview Capital, LLC (Highview), a Los Angeles-based middle-market private equity firm, today announced the promotions of P.J. 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. 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. 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 personal equity financial investment lorry headquartered in Los Angeles, CA offering transformational equity. 11755 Wilshire Blvd Suite 1400 About Victory Park Capital Advisors, LLC VPC is privately held and a Registered Investment Advisor with the SEC. This is Highview Capitals 1st and Victory Park Capital Advisors 1st transaction in Missouri. This is transaction in the United States. 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. Highview Capital is an opportunistic private equity investment . The company also manufactures containers for the janitorial, food service and office products segments. American Plastics has an overall of 14 production and sales areas. Contacts A representative for Victory Park indicated work over time has created a national player. Together, we aimed to transform this business and the sale is a reflection of this groups dedication to that shared goal. 310-201-2040, Internet Explorer presents a security risk. in Economics and an M.B.A. from the Wharton School at the University of Pennsylvania. VPC is privately held and a Registered Investment Advisor with the SEC. Highview leverages its creative vision and expertise to partner with management teams of leading middle-market businesses undergoing periods of transformation. National Fire Acquires Absolute Fire Protection. Ochre Media Pvt Ltd., 2023. Do you have an opinion about this story? The firms differentiated offerings leverage an extensive network of industry relationships, disciplined deal origination, creative financing capabilities, broad credit structuring and special situations expertise. Highview leverages its creative vision and expertise to partner with management teams of leading middle-market businesses undergoing periods of transformation. 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. RECENT TENANT COMPANY AQUISITION | In July of 2022, Highview Capital, LLC closed on the sale of American Plastics, LLC to purchaser US Merchants and Oaktree Capital. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. GS Foods Group is a specialized food service distribution company including its independent subsidiaries Gold Star Foods and Good Source Solutions. We significantly eagerly anticipate enjoying American Plastics continue to grow and grow.. P.J.s leadership was instrumental in the execution of two of our first three platform deals, American Plastics and Frontier Fire. 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 "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. This is transaction in the Plastics sector. 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. 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 assets will be consolidated under a newly formed holding company owned by Highview and VPC, named American Plastics, LLC. This is Highview Capitals 1st and Victory Park Capital Advisors 1st transaction in the Plastics sector. Katy had 300 employees as of Dec. 31 and six manufacturing and distribution facilities. The firms differentiated offerings leverage an extensive network of industry relationships, disciplined deal origination, creative financing capabilities, broad credit structuring and special situations expertise. LOUIS, MO - April 18, 2018 - 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 For more information, please visit: www.americanplasticsllc.com. Based in St. Louis, American Plastics makes house and garage storage items, shelving systems, tool boxes and workstations that are cost retail areas. We are thankful for the Highview and Victory Park teams deep knowledge of our industry and their ability to roll up their sleeves and truly work alongside us to get to the best outcome for our team. The firms differentiated offerings leverage an extensive network of industry relationships, disciplined deal origination, creative financing capabilities, broad credit structuring and special situations expertise. 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, visit www.highviewcapital.com. For more information, please visit www.victoryparkcapital.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. That Tiffin site is a former Katy Industries location. We are thankful for the Highview and Victory Park teams deep knowledge of our industry and their ability to roll up their sleeves and truly work alongside us to get to the best outcome for our team. 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. We quite eagerly anticipate seeing American Plastics continue to grow and flourish, Charlie Asfour stated in a declaration. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2021 | Highview Capital, LLC | All Rights Reserved. Founded in 2016, Highview is a $500 million evergreen private equity fund based in Los Angeles. Success Park Capital is an international alternative financial investment company that supplies capital to emerging and developed companies in the U.S. and abroad. About Highview Capital, LLC 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. Highview leverages its creative vision and expertise to partner with management teams of leading middle-market businesses undergoing periods of transformation. "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. For more information, please visit: www.americanplasticsllc.com. 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. About Highview Capital Highview Capital is an opportunistic private equity investment vehicle headquartered in Los Angeles,. in Accounting and a Masters in Accounting from Auburn University. American Plastics is headquartered in St. Louis and operates a national footprint of manufacturing and distribution facilities in Arizona, Ohio, Missouri, and South Carolina. 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 . 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. For more information, please visit: www.americanplasticsllc.com . We report news, gather data and deliver timely information that provides our readers with a competitive advantage. 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