Recent Deals

The Piedmont Plastics Contract Manufacturing Division (“CMG”) produces highly-engineered precision machined plastic parts and components, with a primary focus on manufacturers of medical devices and diagnostic instruments throughout the U.S.

Situation:

• CMG was established in 1995 to provide precision plastic machining services
• As the parent company was focusing solely on building out its national distribution network, management made the decision to divest CMG

Challenges:

• Customer concentrations
• Getting buyers to focus on the operating potential of CMG

Successful Solution:

• Anderson LeNeave approached a broad group of strategic and financial buyers and received numerous offers.  Ultimately, CMG was sold to management of the division.

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