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MBS Advisors 2020 Year In Review
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FLORENCE, Mass., Jan. 28, 2021 /PRNewswire/ Despite the obvious challenges in 2020, MBS Advisors wrapped up another record year. MBS completed eight plastics-related M&A transactions in 2020, including two of the largest deals in company history.
Transactions include:
February 2020 – Santa Fe Springs, CA – RD Rubber Technology Corporation, a manufacturer of tight tolerance molded rubber and LSR components, was acquired by California-based Engineered Polymer Industries, Inc. MBS advised RD Rubber.
August 2020 – Inman, SC – Tool Technology Corporation, an injection molding and metal machining company that makes parts for outdoor recreation and consumer products, was acquired by Orchard Creek Capital. MBS advised Tool Technology.
Revere adds first Mexico facility through Alliance acquisition
Revere Plastics Systems now has operations in Mexico thanks to an acquisition.
Novi, Mich.-based Revere Plastics Systems purchased Rochester, N.Y.-based Alliance Precision Plastics Corp. s maquiladora Alliance-McAlpin NY LLC, and its subsidiary, Alliance-McAlpin MX, effective Dec. 30.
The acquisition includes a 53,000-square-foot manufacturing facility in Saltillo, Mexico, 23 injection molding presses ranging from 67 to 720 tons and all of the company s customers. The purchase establishes Revere s first facility in the country. This acquisition gives Revere an important foothold in the vibrant manufacturing region of Northeastern Mexico, RPS CEO Glen Fish said in a Jan 5 news release.