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 and contractors serving the agricultural drainage and commercial tubingmarkets. GAF...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 Breen in December 2006 and through a combination of organic...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 loyalty, gift, and insurance markets. “Vesta Card brings to us...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 a 105,000 square foot facility. The existing plant leadership will...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 drying, cooling, or moisturizing of bulk solids. SpellCapital acquired Kason...Read More
