Ardian North America Direct Buyouts to acquire Revere Plastics Systems – Independent private investment firm Ardian, through its North America Direct Buyouts team, has agreed to acquire Revere Plastics Systems, – Ardian North America Revere Plastics Systems - Arhive

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Ardian North America Direct Buyouts to acquire Revere Plastics Systems

PKBR Staff Writer

Ardian North America Revere Plastics Systems Independent private investment firm Ardian, through its North America Direct Buyouts team, has agreed to acquire Revere Plastics Systems, a manufacturer of plastic injection molded parts.Under the terms of the deal, Ardian will acquire Revere Plastics Systems from its parent firm Revere Industries.

Financial terms of the deal were undisclosed.Revere Plastics Systems is engaged in the design, development, manufacture and supply of plastic injection molded assemblies and components.
The company also manufactures insert and multi-shot molding, IML/IMD decorating, laser etching, assembly, numerous types of welding, inspection and leak testing to serve industries including appliance, automotive, outdoor power equipment, medical and consumer goods.Ardian North America Direct Buyouts head Vincent Fandozzi said: “Revere’s highly-capable leadership, blue-chip customer base, and its value-add capabilities gave us great confidence in the company’s potential and we foresee expansion opportunities for the company ahead.
”North America Direct Buyouts Managing Director Kevin Kruse said: “Furthermore, our investment in Revere will be supported by Ardian’s considerable experience and relationships in the industrial manufacturing sector alongside Ardian’s global network.
”Revere Plastics Systems president Glen Fish said that the Ardian’s support will allow it to invest in additional capacity and new technologies to enhance capabilities and serve customer base.Fish added: “There are great opportunities ahead and we are looking forward to taking advantage of them with the full support of Ardian.”The transaction is scheduled to be completed by the end of this year.