Salt Creek Capital buys Montreal ventilation maker MK Plastics
What's the deal? Salt Creek CapitalDealroom has a profile for this one. Try Dealroom → has acquired MK PlasticsDealroom has a profile for this one. Try Dealroom →, a Montreal manufacturer of corrosion-resistant industrial and commercial ventilation equipment. Terms were undisclosed. Founded in 1963, MK Plastics makes fiberglass-reinforced polymer fans, blowers, dampers, louvers, and related products for demanding environments.
Who buys this? MK Plastics serves laboratories, research and healthcare facilities, water and wastewater treatment plants, and industrial manufacturers. Its equipment sells across the US, Canada, and international markets through specialised HVAC sales representatives.
Leadership change: Dilip Amarlal becomes chief executive officer of MK Plastics, bringing experience leading industrial HVAC businesses. Jeff Kupferberg, whose family built the company over six decades, will remain involved and join a newly created board of directors.
What's the endgame? Salt Creek plans to back investments in MK Plastics' commercial capabilities, operations, product innovation, and expansion. The firm partners with operating executives to acquire profitable lower middle-market companies generating between $5 million and $150 million in revenue.
Amarlal said the company's legacy "rests on a committed and talented team, differentiated products and deep relationships with the reps and customers who trust us in their most demanding environments."
The signal: The deal reflects private equity's steady appetite for niche industrial manufacturers with specialised products and loyal customer bases. Managing director Gary Kurnov called MK Plastics' corrosion-resistant ventilation lines "a strong platform for continued innovation and expansion in an attractive market."
Read more: pulse2.com
Image credit: Jason Pratt
