Spell Capital has acquired a majority interest in Pacific Production Technologies (PPT), a leading capital goods manufacturer. PPT, through its Brown Machinery division, is the largest North American and third largest worldwide manufacturer of continuous and cut-sheet
thermoforming machines. Through its Pacific Press Technologies division, PPT is the largest North American manufacturer of hydraulic presses, press brakes and shears. PPT CEO Mike Stein and his team will continue to manage the business, working with Spell Capital to aggressively grow the business both internally and through acquisitions. PPT is headquartered in Mt. Carmel, Illinois.
Spell Capital Partners, LLC is a private equity buyout firm located in Minneapolis, Minnesota. We make $4 million-$12 million equity investments in well-managed, historically profitable manufacturing and distribution businesses. Spell invests in companies with revenues of at least $10 million. The firm has special expertise in plastics and metal fabrication industries. Strategic add-on investments for our existing portfolio companies can be smaller. Spell manages $220 million of capital, and is currently investing out of its third fund, Spell Capital Partners Fund III, L.P.
For more information about this transaction, please contact Jim Rikkers, Senior Managing Director, at email@example.com.