We are pleased to announce that SRP Advisors, LLC acted as exclusive financial advisor to the shareholders of Kelcourt Plastics, Inc. in connection with the sale of the company to PPC Industries, Inc. Headquartered in San Clemente, CA, Kelcourt Plastics is the leading extruder of thermoplastic tubing to the disposable medical device industry with manufacturing operations in the US, Asia and Europe. PPC Industries, headquartered in Pleasant Prairie, WI, is a leading manufacturer of value added flexible packaging for food, industrial and medical markets and a manufacturer of medical grade tubing from a clean room production facility in Costa Rica. By combining with Kelcourt Plastics, PPC Industries will greatly strengthen and broaden its medical tubing capabilities as well as obtain valuable expertise in the field of medical grade compounds and materials. At the same time, PPC Industries will provide Kelcourt Plastics the opportunity to offer medical films, pouches and other packaging products to its global medical device customer base.
This transaction yielded an attractive outcome for Kelcourt Plastics’ shareholders, senior management, and employees, and positions the company to offer additional, value added products and services to its customers. This transaction also extends the successful track record of SRP Advisors working with leading companies in the medical device manufacturing market.
“After I decided this was an opportunity I wanted to pursue, it was obvious that I would need professional assistance to guide me through this process. I immediately thought of Sean. His knowledge and experience was key to the successful completion of this sale.”
Kelcourt Plastics, Inc.
For more information about this transaction or the merger and acquisition advisory services of SRP Advisors, LLC, please contact Sean Prendergast, Managing Partner at 818-936-2511.
About Kelcourt Plastics, Inc.
Founded in 1982 and headquartered in San Clemente, CA, Kelcourt Plastics, Inc. (“Kelcourt”) is the leading extruder of thermoplastic tubing to the disposable medical device industry. Kelcourt products include standard medical tubing, miniature tubing, single and multi-lumen tubing, paratubing, striped, radioplaque or color coded tubing, co-extrusion, bubble or taper tubing, among others. Kelcourt operates from facilities located in San Clemente, CA; Nogales, AZ; San Diego, CA; Singapore; and a soon to be announced operation in the European Union.
About PPC Industries, Inc.
PPC Industries, Inc. (“PPC Industries”) is a leading extruder and converter of plastic films, bags, and tubing serving customers in the food, medical, and industrial markets. A privately-owned company in business since 1949, PPC Industries operates from a headquarters and main manufacturing facilities in Pleasant Prairie, Wisconsin and a manufacturing plant near San Jose, Costa Rica. The company has over 30 blown-film extrusion lines and a Class-100,000 clean room for medical-tubing production. PPC Industries’ products are used globally by many nationally and internationally recognized name-brand food processors, medical device manufacturers, and industrial suppliers. PPC Industries is a portfolio company of AEA Investors, LP.
About SRP Advisors, LLC
SRP Advisors, LLC provides merger and acquisition advisory services to both buyers and sellers of middle market companies. SRP Advisors works with owners of private companies across all industry segments who might be interested in exploring alternatives for their companies such as a full or partial sale of the business, an investment in the business from a private equity group, or a transition of ownership to management or the next generation of family. SRP Advisors also provides strategic acquisition advisory services for public, private and private equity sponsored companies looking to grow their business through mergers and acquisitions. Contact Sean Prendergast, Managing Partner at 818-936-2511.