- posted in News
Minneapolis, MN, November 2013 – Spell Capital announces the sale of Kason Corporation, a division of its Fund III portfolio company,
Capital Equipment Group, to Baird Capital.
Kason Corporation, based in Millburn, N.J., manufactures circulatory vibratory screeners and centrifugal screeners designed to separate
bulk solid materials from solids and slurries, and a line of fluid-bed processors for drying, cooling, or moisturizing of bulk solids. Spell
Capital acquired Kason Corporation in September 2008 and during Spell’s ownership achieved double-digit annual revenue growth by
targeted market share gain, continuous evolutionary product development and extreme customer responsiveness. Profitability increased
dramatically with continuous operational improvements and material cost reductions through supply chain control.
After the sale of Kason Corporation, Capital Equipment Group will change its name to Thermoforming Technology Group LLC and will
continue to own and operate Brown Machine, based in Beaverton, MI. Brown Machine, founded in 1952, is a global leader in
thermoforming solutions, providing the most innovative, durable and dependable thermoforming equipment and service in the industry.
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, recapitalizations and growth initiatives.