Minneapolis, MN, July 2014 – Spell Capital announces that Lyle Industries has been acquired by Thermoforming Technology Group (TTG), a portfolio company of Spell Capital.
Founded in 1965, Lyle Industries is a leading producer of high-performance thermoforming equipment, trim presses and bottle trimmers. The company serves customers around the world with new equipment, parts, service and technology for a wide range of industries, including food packaging, horticulture, medical, retail and automotive.
According to Mike Stein, Chairman of Thermoforming Technology Group LLC, “This acquisition brings a great thermoforming brand into our group and allows Lyle to compete more effectively on a global scale.”
Thermoforming Technology Group LLC is the parent company of Brown Machine LLC, EPCO LLC and now Lyle Industries LLC all located in Beaverton, Michigan. Thermoforming Technology Group LLC is wholly owned by Spell Capital Partners Fund III, L.P., Minneapolis, MN, and TTG Management.
About Spell Capital Private Equity
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 businesses in which we invest – both internally and through add-on acquisitions.
For more information regarding this transaction, please contact Jim Rikkers, Managing Director email@example.com.
About Spell Capital Mezzanine
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.