GSC Technologies Inc. in Ann Arbor has completed the acquisition of F&M Tool and Plastic Inc. Leominster, Mass., a growing plastic injection molding company. Terms of the deal were not disclosed.
GSC officials say the acquisition will fuel the company’s next phase of growth.
“We are excited to complete the bolt-on acquisition of F&M for the GSC platform,” says Eric Wiklendt, board chair at GSC and managing director of the Detroit private equity firm Speyside. “We believe that this will create a stronger overall business with an opportunity to drive synergies through the deployment of our portfolio value creation system,” said
Dave Barrow, president and CEO of GSC, says, “We are looking forward to welcoming the F&M team into the GSC family. The talented employees, fabulous product portfolio, and great technology will all contribute to an exciting future and help GSC to deliver on its strong growth mission.”
F&M Tool and Plastics reportedly is a growing plastic injection molding company. In 2008, F&M designed, developed, and tooled a complete line of plastic storage products, Bella Storage Solution. Since then, F&M has enjoyed consumer success and continues to lead the way in design and innovation. For more information, visit bellastoragesolution.com.
“Adding the home storage assortment from F&M to the hardware products from GSC allows us to offer a complete assortment and meet all customer’s needs,” says Rob Soiferman, vice president of sales at GSC.
GSC Technologies was founded in 1982 with a single plastic molding machine. Today, it is a leading manufacturer of plastic goods in North America focused on environmentally aware plastic solutions for organizing daily life today and in the future.
GSC designs and manufactures practical storage and organization lifestyle products for better modern living. With manufacturing plants that use contemporary equipment and technology and distribution facilities in the U.S., Canada, and China, GSC uses global testing and quality standards to ensure the best value, highest quality products. For more information, visit gsctechnology.com.
Speyside invests in middle-market, buyout transactions in the manufacturing and value-added distribution sectors. For more information, visit speysideequity.com.
Honigman acted as GSC’s legal advisor during the transaction.
