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. Your browser does not support JavaScript!. Joes Jeans was formed in 2001 and is based in Los Angeles, California. 7-Day Free Trial. We greatly look forward to watching American Plastics continue to grow and flourish.. Highview Capital LLC today announced the sale of its portfolio company, American Plastics LLC, a leading designer and manufacturer of innovative, sustainable home storage and commercial cleaning products. American Plastics is a manufacturer, importer, and distributor of commercial cleaning and consumer storage products. Ms. Cash will focus on conducting diligence of new investments and providing operational support to Highviews portfolio companies. Highview employs a highly flexible investment mandate and invests in family/founder-owned businesses, corporate carve-outs, value-oriented buyouts and special situations. We greatly look forward to watching American Plastics continue to grow and flourish.. 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' success is the result of bringing together three scale industry players and driving a transformation in partnership with a top-notch management team. in Accounting and a Masters in Accounting from Auburn University. The business likewise makes containers for the caretaker, catering and workplace products sectors. Try For Free 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. Watterson provides facility management, environmental and emergency and disaster response services to a national base of blue-chip customers. Highview Capital is an opportunistic private equity investment . American Plastics makes, imports and distributes consumer storage and commercial cleaning products. American Plastics markets its branded products under the Continental Commercial Products, Contico, Wilen, and Fundamentals banners. Highview and VPCs 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. Highview Capital, LLC ("Highview"), a Los Angeles-based middle-market private equity firm, today announced the promotions of 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. Los Angeles, CA 90025 Highview Capital, LLC is an opportunistic private equity investment vehicle headquartered in Los Angeles, CA providing transformational equity. This property is not currently available for sale. 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. American Plastics success is the outcome of combining 3 significant market players and driving change in collaboration with a first-rate management group. National Fire Acquires Absolute Fire Protection. 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. The Firm generally looks to provide funding to 'sound' companies in need of liquidity and/or restructuring. 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. A mix of freshly carried out advanced innovations and a restored concentrate on our core storage consumers led AP to a real management position in the market. 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. VPC is privately held and a Registered Investment Advisor with the SEC. The Firm generally looks to provide funding to 'sound' companies in need of liquidity and/or restructuring. Investment Summary; Date: 2022-07-20: Target: American Plastics: 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. About Highview Capital Highview Capital is an opportunistic private equity investment vehicle headquartered in Los Angeles,. 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, LLC is an opportunistic private equity investment vehicle headquartered in Los Angeles, CA providing transformational equity. 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. For more information, visit www.highviewcapital.com. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2021 | Highview Capital, LLC | All Rights Reserved. "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. 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. This capital expense laid the structure for the Businesss end-to-end abilities in the style and manufacture of exclusive items for the house storage and business cleansing end-markets, which serve a lineup of blue-chip consumers. 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. and Kapish are vital parts of Highviews long-term vision and were excited to welcome Kelly to the Highview team.. Please enable javascript in your browser in order to get form work properly. 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. VPC is privately held and a Registered Investment Advisor with the SEC. For more information, please visit: www.americanplasticsllc.com. Highview Capital, LLC is an opportunistic private equity investment vehicle headquartered in Los Angeles, CA providing transformational equity. 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 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. 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. and Kapish with these promotions, and we are thrilled to add Kelly to the team. Victory Park Capital is a global alternative investment firm that provides capital to emerging and established businesses in the U.S. and abroad. 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 significantly eagerly anticipate enjoying American Plastics continue to grow and grow.. All Rights Reserved. Plastics News covers the business of the global plastics industry. About Victory Park Capital Advisors, LLC For additional information, please visit www.highviewcp.com. LOS ANGELES--(BUSINESS WIRE)--Highview Capital LLC ("Highview") today announced the sale of its portfolio company, American Plastics LLC, ("American Plastics" or "AP" or the. 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. Do you have an opinion about this story? Victory Park Capital Advisors was formed in 2007 and is headquartered in Chicago, Illinois. VPC is privately held and a Registered Investment Advisor with the SEC. 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. For more information, please visit www.victoryparkcapital.com. This includes healthy companies where management is looking to achieve liquidity, companies in need of operating improvements, and companies in transition or distress. 1155 Gratiot Avenue American Plastics is headquartered in St. Louis and operates a national footprint of manufacturing and distribution facilities in Arizona, Ohio, Missouri, and South Carolina. 310-201-2040 / 212-687-8080 / 415-618-8750, 11755 Wilshire Blvd Suite 1400 The firms differentiated offerings leverage an extensive network of industry relationships, disciplined deal origination, creative financing capabilities, broad credit structuring and special situations expertise. This Tiffin area is a previous Katy Industries area. 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. in Finance and Economics and minor in Public Policy & Management. Please enable javascript in your browser in order to get form work properly. 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. Gilbert, Handling Director at Highview and Chairman of American Plastics, commented: American Plastics success is the outcome of combining 3 scale market players and driving an improvement in collaboration with a superior 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 to Acquire Bassett Creek Services. 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. For more information, please visit: www.americanplasticsllc.com. We greatly look forward to watching American Plastics continue to grow and flourish.. Suzanne Byowitz/Anne Nisperos Hew While you're here, check out our informative and insightful press releases. The firms differentiated offerings leverage an extensive network of industry relationships, disciplined deal origination, creative financing capabilities, broad credit structuring and special situations expertise. 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. This includes healthy companies where management is looking to achieve liquidity, companies in need of operating improvements, and companies in transition or distress. Please fill the all required fields.!! The sale of American Plastics marks the first exit for Highview Capital since the firm's launch in 2016 and is a testament to Highview's approach to helping middle market companies poised to undergo a transformation through a constructive, collaborative, and long-term partnership. 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