Private-equity firm buys Mountain Molding
Last Updated: 15:29 January 9, 2013
Mountain Molding, located on the Interstate 25 frontage road east of Longmont, is a custom plastic injection molding, tool-making and contract manufacturer serving industries including medical-device manufacturers, security and pet products.
Arcady Capital Investments I LP, in partnership with management, provided the equity capital. Enterprise Bank & Trust provided the senior debt financing and Fortitude Capital LLC led the subordinated debt financing.
Mountain Molding has provided design and production capabilities to its clients since 1976.
"We are excited about the partnership with Arcady," said Don Cheyne, president of Mountain Molding. "Our focus has always been on providing our industry partners an exceptional vendor experience, Arcady's vision is aligned with ours, and we intend to continue to execute at a high level as we grow the company."
"Don Cheyne's leadership has driven the success of Mountain Molding over much of its history. We are thrilled that Don will continue to lead the company and look forward to providing the capital and other support to help further Mountain Molding's expansion," said Jared Sprole, managing partner of Arcady.
Arcady provides capital for leveraged buyouts, recapitalizations and growth equity in the lower middle market.
More breaking news...
Twitter's acquisition of Gnip reaps rewards, risks
Boulder-based New Sky was one of 24 companies awarded one of
CU to break ground May 12 for sports facilities upgrades
High Country Millwork sold to Fleetwood Acquisition
The CU Board of
Longmont-based High Country Millworks will continue to operate out of