Stevenson & Company forms winning team with injection-molding manufacturer to meet client’s business goals.

Client Injection Plastic Corporation Business category Manufacturing - Plastics and Printing

Sale background

Our client: Founded in 1945, Injection Plastics Corporation is a full-service plastic injection-molding manufacturer located in the Chicago area. The company delivers high-quality parts made of engineering grade plastics, on time and at a competitive price.

The company’s ability to solve each customer’s manufacturing challenges while providing excellent service helps differentiate Injection Plastics from its competition. Some of its key customer relationships span 20 years of service.

The buyer: JJD Industries, owner of a number of manufacturing companies including Wisconsin Tool and Stamping located in Schiller Park, IL. The company is a family-owned business that was looking for added capabilities in plastics processing. It wanted to offer customers more product solutions by combining metal and plastic component production.

Why Stevenson & Company was retained

The owner was looking to transition into retirement after 30 years of running the business. A company board member and trusted attorney recommended Stevenson & Company. Stevenson’s partner level attention and track record of successful transactions were cited as the most important selection criteria.

The Stevenson Advantage

Stevenson & Company:

• Aided the owner in marketing the key value elements and attributes of Injection Plastics to prospective buyers
• Re-engaged back-up buyers when the original deal stalled due to environmental concerns
• Provided the experience needed to negotiate and close the transaction in a difficult industry segment.

Deal summary and results

Working with Injection Plastics’ executive team, Stevenson & Company successfully completed the sale, including:

• Price that met seller expectations (cash purchase price plus two-year commission agreement)
• Arranged for owner to receive an attractive one-year renewable consulting contract from the buyer

Client response

After successful completion of the transaction, board member Larry Gill of Schiff Hardin LLP commented:
“I have said it before, but will repeat it here-you did a great job and it was great working with you!”