LVC buys Summit Plastics, targets more acquisitions
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Private equity firm LongueVue Capital announced Jan. 20 it is investing in Mississippi-based blown film and bag maker Summit Plastics Inc. and said it plans to be extremely active in the packaging and plastics industries.
New Orleans-based LongueVue said the investment in Summit is its first in the plastics sector. It s providing growth capital to expand Summit s product offerings and its national footprint, including in bioresin films, said LVC Vice President Evan Golden. Terms were not disclosed.
LVC also said it s brought in a longtime plastics industry executive, Paul Ebbert, as its operating partner for a new specialty packaging investment strategy that could include buying other firms.
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Miller took over the position in the summer of 2019. The GCFC says the decision was mutual. Author: WKYC Staff Updated: 7:04 PM EST December 9, 2020
CLEVELAND
EDITOR S NOTE: The video above originally aired on July 23, 2019, after Evan Miller was announced as the incoming President of the Greater Cleveland Film Commission.
The Greater Cleveland Film Commission and President Evan Miller have mutually agreed to part ways, according to the Commission s Chairman of the Board Tim Birch. We want to thank Evan for his service and dedication to advancing the GCFC, particularly during this challenging time with COVID 19, and wish him well in his future endeavors, Birch said in a statement.