PRIME PLASTICS, INC. RETAINS HERITAGE EQUITY PARTNERS
August 30, 2013 – Washington, PA – Heritage Equity Partners has been retained by Prime Plastics, Inc. to seek an investor, joint venture partner, or buyer for the 60 year old plastics manufacturing company. Located in Washington, PA, Prime Plastics manufactures high quality, durable products, such as children’s toys and holiday decorations, as well as commercial food and drink containers. Customers include Little Tikes, Dollar General, Harding Manufacturing, Grand Venture, FasterForm, Ultracart, and Promax.
Prime Plastics’s newly completed 70,000 square-foot facility is located near US Route 40, within one mile of major Interstates 70/79. The plant currently maintains seven extrusion blow molding machines, ranging in head size from three to twenty five pounds enabling them to produce a wide range of products for numerous end markets. Prime Plastics has the capacity to decorate, assemble, package, and ship high quality goods directly to customers. The process is under way for obtaining ISO 2000:9001 and Minority and Women-Owned Business Enterprise (MWBE) certifications.
Hank Waida, a Managing Director at Heritage Equity Partners, says that “This is an excellent opportunity to invest in or own a plastics molding manufacturer with an established customer base, a highly trained and experienced work force, located 4-5 hours from 60% of the American population.”
Heritage Equity Partners, based in Easton, Maryland, provides investment banking services and has completed in excess of 400 engagements throughout the United States since 1988.
Hank Waida, [email protected], (866) 969-1115 ext. 5