Minneapolis, MN, May 2015 – Spell Capital Partners is pleased to announce its investment, alongside senior management, in Vestal Manufacturing Enterprises, Inc. and its affiliates. Vestal Manufacturing is a leader in the manufacturing and distribution of foundry cast iron and steel fabricated components to municipalities, original equipment manufacturers and the home, hearth and patio industries. Vestal is the...Read More
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...Read More
Minneapolis, MN, July 2014 – Spell Capital announces that PSA (Production Services Associates) has been acquired by American Card Services, a portfolio company of Spell Capital. This is the second acquisition this year for the portfolio company, the other being Vesta Card in Scottsdale, AZ. PSA is a premier large run card manufacturer and production management company...Read More
Minneapolis, MN, April 2014 – Spell Capital announces the sale of the Arrow Manufacturing Division of its portfolio company, Premier Precision Group, to Chandler Industries, Inc., a portfolio company of Arch Equity Partners. The Arrow Manufacturing Division, located in Littleton, Colorado provides high precision machined components principally to the aerospace and medical industries. The Arrow Division occupies 96,000...Read More
Minneapolis, MN, March 2014– Spell Capital announces an investment in GAF Manufacturing, LLC (“GAF”) dba Midwest Plastic Products. The GAF transaction represents the third portfolio company investment in Spell’s Fund IV. GAF, with facilities in Wisconsin and Iowa, primarily manufactures and markets plastic drain tile, fittings and pipe accessories. The majority of GAF’s products are sold to farmers...Read More
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...Read More
Minneapolis, MN, December 2013– Spell Capital announces Vesta Card Manufacturing has been acquired by American Card Services, which is a portfolio company of Spell Capital Partners. American Card Services acquired the assets of Vesta Card Manufacturing located in Scottsdale, AZ. Vesta has specialized in the design, printing, personalization, mailing, and distribution of plastic cards for the...Read More
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 separatebulk solid materials from solids and slurries, and a line of fluid-bed processors for...Read More
Minneapolis, MN, November 2013 – Spell Capital announced the sale of the Minnesota-based operations of Spectrum Plastics Group to Pexco, an affiliate of Odyssey Investment Partners, LLC. The Minnesota-based operations provide precision injected molding services to customers principally in the medical and surgical, defense and aerospace markets. The Minnesota operation employs approximately 160 people within...Read More
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...Read More
