O’Melveny Advised American Plastics in Acquiring Centrex Plastics and Creative Plastic Concepts
American Plastics, LLC, a Highview Capital, LLC and Victory Park Capital Advisors, LLC portfolio company, has acquired Centrex Plastics, LLC and Creative Plastic Concepts.
American Plastics will become one of the only companies in the United States to achieve national scale in the plastics industry, with a solid base of blue-chip retail and commercial customers. By combining three industry leaders, the new American Plastics will also accelerate the growth of its consumer storage business through innovation and cutting-edge technology.
The Company will operate across 15 facilities nationwide, including 5 manufacturing plants and 10 distribution centers. The two newly acquired businesses bring expanded manufacturing resources and industry-leading product development and technological capabilities, including 3D printing, in-house engineering teams and all-electric, high-speed injection molding machines (from 90 to 2000 tons). American Plastics will be able to provide superior quality throughout the product lifecycle, from refining a concept to bringing a product to market.
Robert Guerra will remain President and Chief Executive Officer of the combined company, and Nick Reinhart, owner and President of both Centrex and Creative, will be named Chief Innovation Officer at American Plastics and retain an equity stake in the combined company. American Plastics will utilize all current operations of both Centrex, which offers a variety of products for home, lawn and garden, and garage and workshop needs, and Creative, a growing leader in the home and garage storage category and industry leader in innovation and R&D capabilities. American Plastics will also maintain both companies’ successful customer-facing brands, including Centrex’s Commander and Creative’s Shelves and Shelves West.
American Plastics Company, Inc. produces multi-layered films and commercial packaging solutions. The company was founded in 1992 and is based in Rhinelander, Wisconsin.
O’Melveny advised American Plastics Company with a team including David Smith (Picture), Rob Graffum, Shawmir Naeem, Sarah Hoffner and Joshua Chow.
Involved fees earner: David Smith – O’Melveny & Myers LLP; Rob Graffum – O’Melveny & Myers LLP; Shawmir Naeem – O’Melveny & Myers LLP; Sarah Hoffner – O’Melveny & Myers LLP; Joshua Chow – O’Melveny & Myers LLP;
Law Firms: O’Melveny & Myers LLP;
Clients: American Plastics Company, Inc.;