Canadian private equity firm Walter Capital Partners has acquired a majority stake in Plasticase Inc, a Montréal-based specialty and protective carrying-case products maker. No financial terms were released. Jean-Pierre Grenier, Plasticase’s founder and CEO, will remain as a minority shareholder. Established in 1984, Plasticase designs and manufactures products under its Plasticase and Nanuk brands, serving such global industries as law enforcement, military, medical technology and specialty packaging value-added re-sellers. The company said the partnership with the recently recapitalized Walter Capital will help it undertake a next phase of growth.
Plasticase to Benefit from Walter Capital Partner as new Strategic Shareholder
MONTREAL, April 09, 2018 (GLOBE NEWSWIRE) — Plasticase Inc. (“Plasticase”), a specialty and protective carrying case products manufacturer, announced that Walter Capital, a private equity investment firm based in Montreal, Canada, has acquired a majority stake in Plasticase for an undisclosed amount. Plasticase founder and Chief Executive Officer, Jean-Pierre Grenier, will remain as a minority shareholder.
Established in 1984, Plasticase designs, manufactures and commercializes products under the brands PLASTICASE AND NANUK, serving various industries including law enforcement, military, high technology medical and specialty packaging value added resellers.
“The current management team and I are looking forward to a true partnership with Walter Capital. We clearly share a common vision based on innovative product development, uncompromised quality, distinctive design and world-class customer service. Walter Capital will allow Plasticase to expand and fully take advantage of the growth opportunities available,” indicated Mr. Grenier.
“We are pleased to have Jean-Pierre stay as a shareholder and an active partner in the business, and to count on all the dedicated and experienced management team to continue with us for the next phase of expansion. This continuity was critical to our investment and their overall industry knowledge will lay the foundation for our ambitious growth plan. Over the years, Plasticase has developed an extensive and solid portfolio of products, and has extended its reach in various industries in more than 50 countries. In collaboration with the management team, we strongly believe that we can bring Plasticase to another level,” said Pierre Fitzgibbon, Managing partner at Walter Capital.
Plasticase’s mission is to design, engineer and manufacture high quality injection molded plastic cases. It offers a range of protective transport cases for every application in various sizes and colors. Plasticase has the in-house ability to offer custom case solutions and complimentary services to customers in Canada and internationally. The company’s line of NANUK waterproof cases are trusted by professionals worldwide to organize, protect and carry instrumentation and equipment in the harshest environments.
About Walter Capital Partners
Walter Capital Partners (Walter Capital) is a private equity firm, part of Walter Financial and the Walter Group of Companies (Walter Group). Walter Capital invests capital and know-how in established small and medium-sized businesses to help accelerate their growth. Drawing on the entrepreneurial values of the Walter Group and the business leadership experience of its Managing Partners, Walter Capital offers solutions that are above and beyond purely financial transactions. Headquartered in Montreal, Walter Capital has a solid international network.
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Photo courtesy of Plasticase Inc