Seacoast provides $5 mln to Pluto


Seacoast Capital has made a $5 million debt investment in Pluto Corp. Based in French Lick, Indiana, Pluto is a provider of custom packaging, blow molding, and assembly services for providers of liquid home cleaning products.

PRESS RELEASE

Seacoast Capital is pleased to announce its $5.0 million subordinated debt investment in Pluto Corporation (Pluto) of French Lick, Indiana. This transaction was Seacoast’s sixth non-controlling platform investment in 2017. Headquartered in French Lick, Indiana, Pluto provides comprehensive and custom packaging, blow molding, and assembly services for the global leading providers of liquid home cleaning products.

Supported Acquisition of the Company by the Family Office of the Laurence Levy Family
Seacoast’s investment in Pluto was in support of the acquisition of the company by Louisville, Kentucky-based Derby Supply Chain Solutions. Derby Supply Chain Solutions, a portfolio company of New York-based Hyde Park Holdings, is a provider of business outsourcing services to Fortune 500 companies. Hyde Park Holdings is the New York-based family office of the Laurence Levy family.

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