Genas, France-based Clayens NP Group has acquired plastics manufacturing facilities in Providence, R.I., and Wallingford, Conn., from Paragon Medical Group. The sites join two other Clayens acquisitions made earlier this year.
Stout Advises on Sale of PSI to Selig Group
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CHICAGO, Jan. 7, 2021 /PRNewswire/ Stout announced today that its client, Performance Systematix Inc. (PSI), has been acquired by Selig Group ( Selig ) a portfolio company of CC Industries (CCI), a Chicago-based family office. Stout served as exclusive financial advisor to PSI in connection with this transaction.
Founded in 1984 and headquartered in Grand Rapids, MI, PSI is the leading supplier of container and packaging venting solutions worldwide, which protect container integrity, eliminate waste, and reduce shipping costs. The company specializes in a highly technical, automated integration of complex microporous membrane and other materials into plastic components and housings. PSI serves large, global, and growing markets, including: household cleaners and disinfectants; industrial cleaners and chemicals; consumer packaged goods; life sciences and laboratory; medical; agric