Custom injection molder Mountain Molding LLC has been acquired by Wichita, KS private equity firm Arcady Capital Company, providing the company capital to grow as one of the original partners looks to cash out his initial investment.
Don Cheyne, Mountain Molding president, will stay on as an owner, along with Arcady, telling PlasticsToday that the deal was a good one for him, his former partner, and Arcady.
"My partner retired quite a number of years ago and wanted to fully exit the business," Cheyne said, noting that his partner hadn't been involved in the day-to-day operations of Mountain Molding for nearly 20 years. Cheyne said Arcady's investment will not only replace his former partner's capital, but also allow Mountain Molding to continue expanding. "It's a good match," Cheyne said. "[Arcady] was looking for someone, and [Mountain Molding] was looking for someone."...