Walter Capital Partners has acquired a majority stake in Plasticase Inc. from founder & CEO Jean-Pierre Grenier for an undisclosed amount.
Grenier will remain as a minority shareholder.
Walter Capital Partners is a private equity firm funded by Walter Financial Inc. As usual with all its investments, the Plasticase investment was made by [mepr-active rule=”374″ ifallowed=”hide”]#SUBSCRIBERS ONLY CONTENT Where and how did you get your news? Subscribe today to see our research on this and all other subscriber ONLY news. See what you have been missing and be informed!#[/mepr-active][mepr-active rule=”374″]a single purpose investment vehicle, Walter Plasticase Fund L.P., on March 29, 2018. Pierre Fitzgibbon, Managing Partner at Walter Capital, has joined Grenier on Plasticase’s two-members board of directors. [/mepr-active]
Established in 1984, Plasticase designs, manufactures and commercializes products under the brands PLASTICASE AND NANUK, serving various industries including law enforcement, military, high technology medical and specialty packaging value added resellers.
“The current management team and I are looking forward to a true partnership with Walter Capital. We clearly share a common vision based on innovative product development, uncompromised quality, distinctive design and world-class customer service. Walter Capital will allow Plasticase to expand and fully take advantage of the growth opportunities available,” said Grenier.
“We are pleased to have Jean-Pierre stay as a shareholder and an active partner in the business, and to count on all the dedicated and experienced management team to continue with us for the next phase of expansion. This continuity was critical to our investment and their overall industry knowledge will lay the foundation for our ambitious growth plan. Over the years, Plasticase has developed an extensive and solid portfolio of products, and has extended its reach in various industries in more than 50 countries. In collaboration with the management team, we strongly believe that we can bring Plasticase to another level,” said Pierre Fitzgibbon, Managing partner at Walter Capital.
photo credit: Plasticase