Minneapolis, MN, June 2013 – Spell Capital announces the sale of Pacific Press Technologies, a division of its Fund III portfolio company, Capital Equipment Group, to Quality Products, Inc., a manufacturer of hydraulic press tools (“Mulitpress”). After the sale of Pacific Press Technologies, Capital Equipment Group operates two remaining businesses, Kason Corporation and Brown Machine.
Pacific Press Technologies is a worldwide leader in hydraulic press and metal fabrication equipment technology. Many of the machines built in the 1950’s are still producing parts today. Over 90% of the major components in their products are manufactured in their facility, including their own hydraulic valves. Their recent innovations in material handling technology, state-of-the-art numerical controls and precision motion devices are applied to new product developments within their line of press brakes, plate shears and hydraulic presses. Their long history provides them the ability to standardize many solutions for bending, shearing, forming, drawing, stamping, punching and molding applications. Pacific Press Technologies offers its customers complete system solutions for their manufacturing challenges.
About Spell Capital Partners
Spell Capital Private Equity is engaged in the acquisition of controlling interests in well-managed, historically profitable industrial
manufacturing businesses. We use our deep expertise in acquisitions and financing to collaborate with management and grow the
business in which we invest – both internally and through add-on acquisitions.
Spell Capital Mezzanine provides subordinated debt and non-control equity to businesses in a variety of industries across the United
States. We finance leveraged acquisitions backed by lower middle-market private equity sponsors, management and family driven
ownership transitions, add-on acquisitions, recapitalization and growth initiatives.
For more information about this transaction, please contact Jim Rikkers, Managing Director, at [email protected].