San Diego, CA, March 05, 2020 — Objective Capital Partners, a leading middle market investment banking firm, is pleased to announce that it served as the exclusive financial advisor to ePlastics®, a Ridout Plastics Company, in their sale to Laird Plastics, Inc., leading international distributor of plastic materials and products. ePlastics® is a complete provider of plastic material fabrication services proudly serving customers since 1914.
“The decisions that involved the sale of our 100+ year old family-owned business needed to be made with advice from a counsel of experts who truly had my best interest at heart. I found that Objective’s team was that partner for me,” said Elliott Rabin, CEO of ePlastics. “I’m grateful to have worked with this team that tailored the sale process and negotiations to my specific needs and objectives.”
“ePlastics has done an exceptional job becoming a leading plastics provider for any use case, from enterprise-level projects to the smallest home renovation,” said Jason Askew, President and CEO of North American Plastics, the parent company of Laird Plastics. “They were an excellent fit for acquisition based on their sophisticated e-commerce platform, omnichannel digital marketing program, ability to fulfill highly customized orders, customer-centric culture, and broad customer base of small to mid-sized companies. We are happy to welcome Elliott and the entire ePlastics® team to the Laird Plastics family.”
“Our primary goal was to achieve the specific objectives defining success that we worked with Elliott and the ePlastics® team to set at the start of the process together,” said Trever Acers, Managing Director of Objective Capital Partners. “We collaboratively worked with the Laird Plastics team to tailored to a transaction that maintained continuity for ePlastics®’ customers and provided significant resources and strategic capabilities for growth. We are proud to have worked closely with Elliott, the ePlastics team, and Laird Plastics to accomplish those objectives together through this transaction.”
ePlastics®, a Ridout Plastics Company, is based in San Diego, CA and has been a complete provider of plastic material & fabrication to customers across the world for over 100 years. The Company was originally founded in 1914 as the Rench Co., and has been family owned since inception. ePlastics® has a 40,000 square foot showroom located in San Diego which enables them to solve problems and fulfill orders for industry or individuals from Fortune 100 Companies to the average homeowner, regardless of location. This transaction allows Laird Plastics to acquire a strong market competitor, receive access to a state of the art production and fabrication facility in addition to their 64 locations, and further strengthen their execution capabilities.
About Objective Capital Partners
Objective Capital Partners, LLC is a leading investment banking firm offering M&A Advisory, Valuation Advisory, and Corporate Development Services. Founded in 2006, Objective’s seasoned professionals have collectively executed over 500 M&A and advisory engagements within its four Practices: Business Services, Consumer, Life Sciences & Healthcare, and Technology. Objective Capital is relentlessly committed to providing world-class, sector-focused advisory services aligned with its clients’ objectives.
ePlastics, a Ridout Plastics Company, is a complete provider of plastic material & fabrication services proudly serving customers since 1914. We make it easy for you to complete your next project, regardless of location. We stock a large selection of plastic sheets and shapes, including: Plexiglass, Polycarbonate, Fiberglass, HDPE, Acetal Delrin, PTFE, Micarta, ABS and other engineering plastics. We have a wide base of suppliers, a very large inventory, and key distribution centers across the USA. Our production center is filled with CNC sawing, drilling, laser cutting and routing of large volume orders. ePlastics is a one-of-a-kind complete plastic manufacturing and supply store for businesses of any size: US Government to Fortune 100 companies, university researchers to shipbuilders, for the do-it-yourself hobbyists, homeowners, contractors and, international business customers.
About Laird Plastics
Laird Plastics has been in the business of successfully distributing plastic sheets, rods, and films for over 70 years. With 64 locations throughout the United States and Canada, Laird Plastics offers a large network of service centers and inventories with an extensive product range including such major segments as “See-through” materials (acrylics and polycarbonates), Graphics materials (substrates and a variety of materials such as foam boards, Styrene, Polypropylene, and Vinyl banner material) and Mechanical/engineering materials (Higher performance materials such as UHMW, LDPE, HDPE, Nylons and Acetals).
Laird Plastics provides comprehensive supply chain coordination to the industry’s leading manufacturers. This includes product representation on performance and selection, transportation, storage, and delivery. Through decentralized commercial activity, a genuine focus on safety, quality and productivity, and an extensive support and training network we seek to attract, motivate and retain the best wholesale distribution people to serve this exciting and growing global marketplace.
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The above testimonials may not be representative of the experience of other customers and is not a guarantee of future performance or success.
This news release is for informational purposes only and does not constitute an offer, invitation or recommendation to buy, sell, subscribe for or issue any securities. While the information provided herein is believed to be accurate and reliable, Objective Capital Partners and BA Securities, LLC make no representations or warranties, expressed or implied, as to the accuracy or completeness of such information. All information contained herein is preliminary, limited and subject to completion, correction or amendment. It should not be construed as investment, legal, or tax advice and may not be reproduced or distributed to any person. Securities and investment banking services are offered through BA Securities, LLC Member FINRA, SIPC. Principals of Objective Capital are Registered Representatives of BA Securities. Objective Capital Partners and BA Securities are separate and unaffiliated entities.