MCM Capital buys medical injection molder Octex in fourth plastics deal
What's the deal? MCM Capital PartnersDealroom has a profile for this one. Try Dealroom →, a Cleveland-based micro-cap private equity firm, has acquired OctexDealroom has a profile for this one. Try Dealroom →, a Sarasota, Florida custom injection molder. Terms were not disclosed. Octex makes highly engineered thermoplastic components for medical device, life sciences, and technically demanding industrial customers.
What does Octex do? The ISO 13485-certified company runs a 60,000-square-foot facility offering precision injection molding, tooling, product development, and validation services. Its subsidiary, Omnia ScientificDealroom has a profile for this one. Try Dealroom →, adds CT scanning, dimensional inspection, and reverse engineering for a growing base of third-party customers.
Why now? MCM sourced the deal directly, capping a relationship with Octex's ownership dating back to 2016. Founder and outgoing owner Jim Westman is stepping away, citing a decade-long connection to MCM's principals.
What's the endgame? MCM plans to add capital and resources for business development, expand commercial infrastructure, and pursue acquisitions that broaden Octex's technical capabilities and customer relationships.
"Our goal is to honour what Jim and the team have created and give it room to grow, by adding capacity, pursuing the right acquisitions, and investing behind the people who make Octex successful," said Bobby Kingsbury, managing partner at MCM Capital.
Octex president Josh Palmer said the company chose MCM for its "aligned values and extensive experience scaling manufacturing businesses."
The details: Octex is the third platform investment in MCM Capital Partners IV, L.P.Dealroom has a profile for this one. Try Dealroom →, and MCM's fourth in plastic injection molding. Senior operating partner Greg Ott, who previously led Performance PlasticsDealroom has a profile for this one. Try Dealroom → and chairs AIM ProcessingDealroom has a profile for this one. Try Dealroom → and Tech NHDealroom has a profile for this one. Try Dealroom →, will serve as Octex's chairman. Calfee, Halter & Griswold LLPDealroom has a profile for this one. Try Dealroom → was legal counsel and Key BankDealroom has a profile for this one. Try Dealroom → was senior lender.
The signal: MCM is building a repeat playbook in precision plastics, adding a medical-grade molder to a portfolio it knows well. For a firm three decades into serving lower middle market manufacturers, the deal reflects steady consolidation in a fragmented, specialised industry.
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Read more: MCM Capital Partners
