Sage Park Completes Sale of SMI Moulding, LLC to Plastic Components, Inc., a Portfolio Company of MPE Partners
NASHVILLE, TN/ACCESSWIRE/August 4, 2021/ Sage Park, a global operations-focused acquisition group, today announced the sale of SMI Molding, LLC to Plastic Components, Inc., a portfolio company of MPE Partners. Terms of the transaction were not disclosed.
SMI Molding is a leading supplier of high-tech plastic injection molded components for the medical, industrial and consumer markets using complex, flexible and specialty plastic resins. SMI’s comprehensive capabilities include advanced color reproduction, gas assist, and insert overmolding, enabling many of the world’s largest end-use applications. SMI is renowned in the industry for its technical expertise, manufacturing capabilities and product quality.
Sage Park acquired SMI Molding from the original founders in July 2017 and embarked on several programs to improve the corporate structure and operational capabilities of the business. Sage Park recognized the company’s core values and worked with management to develop a plan to improve its operations, acquire new customers and strategically position the company for growth.
“Our partnership with Sage Park has been exceptional, and we are grateful for their strategic guidance, partnership, investment and support. It has allowed us to consistently exceed our goals and catalyze operational improvement and business growth,” said Shane Cave, President and CEO. of Molding SMI. “The foundation we have built together will benefit our customers and partners for years to come.”
“The transformation of SMI Molding through the Sage Park operational excellence model has created significant improvement in underlying business capabilities and overall strategic value. This activity is testament to the effectiveness of our methodologies.” said Rob Joubran, president and CEO of Sage Park. “We are extremely proud of the way SMI has thrived under Sage Park ownership. I would personally like to thank all of SMI’s dedicated employees, the company’s management team, and especially Shane Cave for the hard work of the team over the past four years. The company is well positioned for sustainable future success.”
Stout Capital Markets acted as financial advisor to Sage Park and SMI in the transaction.
About Sage Park
Sage Park is an acquisition group focused on operational excellence and is renowned for creating value that we bring to our businesses. We invest a great deal of time and energy in facilitating operational improvements, business strategies, direction and growth. By aligning acquisition expertise with operational proficiency, we create additional value through corporate acquisitions and private divestitures.
About SMI Molding, LLC
SMI Molding, LLC is a custom plastic injection molding company with a long and consistent history of high quality molding and manufacturing services. Since 1982, SMI Molding, LLC has maintained a solid reputation in the industry for its comprehensive quality assurance programs in injection molding. The company specializes in sporting goods, medical products, consumer products and technology products. It works with complex materials, such as urethane, and its capabilities include overmolding, insert molding, and gas assisted molding. He completes the process with a full decorating service.
Brian Perrault, General Manager, Sage Park
Tel: (615) 637-8032
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