Who bought American plastics?
American Plastics was acquired by Highview Capital LLC and Victory Park Capital Advisors LLC in 2017.
This acquisition occurred after the original company, which later became American Plastics, filed for Chapter 11 bankruptcy earlier that year. Following the buyout by these two investment firms, the company was officially renamed American Plastics.
The Acquisition and Rebranding of a Manufacturer
The purchase of the company that subsequently became American Plastics represented a strategic move to revitalize its operations. This transaction allowed the business to emerge from bankruptcy under new ownership and with a fresh corporate identity, continuing its activities in the manufacturing sector.
Key Investment Firms Behind the Acquisition
The acquisition involved a collaborative effort between two distinct investment firms, each contributing to the successful buyout and the company's subsequent restructuring:
- Highview Capital LLC: A private equity firm specializing in strategic investments and growth partnerships with middle-market companies.
- Victory Park Capital Advisors LLC: An alternative investment firm known for its expertise in providing direct private debt and equity solutions across various industries.
The table below summarizes the key details of the acquisition:
| Acquirer Name | Type of Firm | Year of Acquisition | Outcome for Company |
|---|---|---|---|
| Highview Capital LLC | Private Equity | 2017 | Renamed American Plastics |
| Victory Park Capital Advisors LLC | Alternative Investment Firm | 2017 | Renamed American Plastics |
This joint effort by Highview Capital LLC and Victory Park Capital Advisors LLC was crucial in facilitating the buyout and the subsequent renaming, establishing the entity known today as American Plastics. This strategic intervention provided the company with a fresh start, allowing it to navigate out of bankruptcy and refocus its business objectives.
