Minneapolis, MN, February 2014 – Spell Capital announces the sale of Breen Color Concentrates, to Capital Partners® of Greenwich CT.
Breen Color Concentrates, headquartered in Lambertville N.J., is a leading supplier of color and additive concentrates to the blow molding, wire and cable, extrusion/injection molding, compounding and roto-molding markets. Spell Capital, in partnership with Breen management, acquired Breen in December 2006 and through a combination of organic growth and acquisition, revenues more than doubled and profitability expanded fourfold.
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.
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.
For more information about this transaction, please contact Jim Rikkers, Managing Director, at [email protected] or Bill Spell, President, at [email protected]