PTi’s founders complete management buyout


The founders of sheet extrusion machinery manufacturer Processing Technologies International (PTi; Aurora, IL) have repurchased a controlling interest in the company from private equity firm Crystal Ridge Partners (CRP; Maplewood, NJ). Dana Hanson, PTi's president and CEO, and Jon Roberts, its senior VP of operations, purchased the outstanding majority stake on Dec. 2, thus regaining 100% ownership.

Crystal Ridge Partners originally purchased a controlling stake in PTi in August 2005. PTi said in a release that the new ownership structure will have no impact on day-to-day operations, nor will it result in any changes in the company's management team....
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