News

The Latest on Spell Capital’s Private Equity Investments
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 loyalty, gift, and insurance markets. “Vesta Card brings to us...
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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 a 105,000 square foot facility. The existing plant leadership will...
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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 drying, cooling, or moisturizing of bulk solids. SpellCapital acquired Kason...
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Minneapolis, MN, July 2013 – Spell Capital announces the sale of the Protogenic division of its portfolio company, Spectrum Plastics Group to Tenere, Inc., an affiliate of Watermill Group. Protogenic, located in Westminster, Colorado, provides high quality rapid prototyping and production-level urethane casting services to over 800 customers annually in the medical, aerospace/defense, electronics/technology, engineering & design and consumer industries. The existing leadership team will continue with...
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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...
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