Salt Creek Capital has completed the acquisition of MK Plastics, a Montreal-based manufacturer of fiberglass reinforced polymer ventilation equipment. Founded in 1963, MK Plastics serves laboratories, wastewater treatment plants, and industrial manufacturing with corrosion-resistant fans, blowers, and dampers. The company's products are distributed through a network of specialized HVAC sales representatives across North America and internationally.
Dilip Amarlal has been named incoming CEO. Gary Kurnov of Salt Creek stated that Amarlal's experience leading industrial HVAC businesses, combined with MK Plastics' FRP products for corrosive environments, creates a strong platform for innovation and expansion in an attractive market. Salt Creek partners with operating executives to acquire profitable lower middle market companies with $5 million–$150 million in revenue.
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Source: PE Hub · Summarized by HeadlinesBriefing