MPE Partners of Cleveland and its portfolio company Plastic Components Inc. (PCI), based in Germantown, Wisconsin, have purchased Clearfield-based Sports Molding LLC (SMI). Sports Molding is a portfolio company of Sage Park Inc., an investment firm in Franklin, Tennessee. Sports Molding is certified injection molder offering a full suite of design, manufacturing and value-added services to a diverse range of sectors, including medical, industrial, recreation and consumer.
MPE and PCI partnered in the transaction with several members of the SMI management team, led by CEO Shane Cave.
Derrill Rice, CEO of PCI, said, “SMI has demonstrated the ability to deliver engineered solutions that exceed customer expectations. They have full-service manufacturing capabilities and will be a very welcome addition to the PCI family. We are looking forward to working together to support growth with the current and valued customer base, target new customers, expand our presence in the western U.S. and enhance our product and service offerings with SMI’s unique capabilities.”
“We would like to thank Sage Park for its partnership over the past four years,” said Cave. “Sage Park was instrumental in transitioning SMI from its roots to building an enterprise-class organization. The foundation that we built together will benefit our customers and partners for years to come. Looking forward, PCI brings automation capabilities and operational expertise to our rapidly growing business. Our teams have a cohesive cultural alignment that will help drive growth in customer relationships, employee development, operational excellence and commitment to reliable product quality.”