Vance Street Capital partners with Plastic Design Corporation
LOS ANGELES, 22 December 2021 / PRNewswire / – Vance Street Capital LLC (“Vance Street”), a Los Angelesprivate equity firm, today announced the acquisition of Plastic Design Corporation (“PDC”). PDC is a leading US contract manufacturer of micro-molded plastic components for the medical technology and life science markets.
Founded in 1991 by Marc Kinder, PDC is headquartered in Scottsdale, Arizona. PDC is a family business known for its micro-molding and “micro-on-macro” solutions, but also has injection-compression and overmolding capabilities. PDC’s customers include leading medical device OEMs focused on high growth therapies and leading life science companies focused on the emerging microfluidic product landscape.
“Vance Street’s long and impressive track record of successfully partnering with family businesses in the medical component manufacturing arena has made it the ideal partner for PDC’s next chapter of growth,” said Marc Kinder, who will take over the presidency of PDC. Finding a partner who could come in and provide not only growth-based resources but also a partner who values the technology and employee base that we have built over the past decades has been an important decision factor in the search. of our next partner ”, declared Marc Kinder. “Vance Street has truly understood and respected these aspects of our business.”
Vance Street has partnered with several other highly complementary medical technology companies focused on the interventional and advanced surgery markets, including Applied Plastics, Motion Dynamics, and Wytech Industries. Each of these companies play an important role at every stage of the development and manufacture of lifesaving products with capabilities including micro-components and wire-based subassemblies, medical wire solutions and specialized metal tubing and exclusive PTFE coatings.
“We are honored to partner with the Kinder family during the exciting next phase of the business,” said Mike janish, Managing Partner at Vance Street. “This transaction is another example of our strategy of partnering with family businesses that are industry leaders with a collaborative technical customer approach to serve the interventional and advanced surgical components markets. “
“PDC is a great opportunity for Vance Street to leverage its playbook and value creation network within medical manufacturing to continue to build on the platform that the Kinder family has long established. of 30 years ”, declared Steve sandbo, director of rue Vance. “With the addition of PDC, we are able to complement the Wytech, Motion Dynamics & Applied Plastics customer base with additional technological and manufacturing capabilities. “
Paul Hastings LLP acted as legal counsel to Vance Street Capital. MNC Capital and Brown Moskowitz & Kallen, PC acted as financial and legal advisers to PDC. Terms of the transaction were not disclosed.
About Vance Street Capital LLC
Vance Street Capital is a mid-sized private equity firm focused on investing in high-engineering solutions companies in the medical, aerospace, defense and industrial sectors. For more than two decades, Vance Street partners have worked with executive teams and family owners to accelerate revenue growth, improve operations and acquire strategic assets for the companies in their investment portfolio. For more information, please visit: www.vancestreetcapital.com.
SOURCE Vance Street Capital