Cleveland, OH — Dec. 13, 2013 — Private equity firm, Foundation Investment Partners (Foundation or FIP), announced today that it has purchased the assets of Acme Metal Cap (Acme), a global leader in the design and manufacture of metal pans used in cosmetics’ packaging and the food and drug industry. Terms of the transaction were not disclosed.
“I am excited to add Acme to Foundation’s portfolio, said David Wood, Managing Member at FIP. Acme’s long history with top global companies, as well as their consistent cash flow and strong defensible market niche, provides excellent opportunities for the company’s success and growth.”
Acme Metal, headquartered in Woodside, New York, has produced top quality, competitively priced stampings for the cosmetic and food and drug industries since 1935. The company’s 40,000 square foot manufacturing facility is capable of producing three million units per day and ships to clients throughout the world. Acme’s team of in-house machinists and engineers allows them to design and build custom tooling needed to meet their clients’ growing demands. The company’s reputation for providing a strong commitment to safety and quality, has allowed them to excel as a market leader in the industry.
About Foundation Investment Partners
Foundation Investment Partners is a private equity firm focused on acquiring niche manufacturers, high value added distributors, outsourced business service providers, and niche software developers with EBITDA levels of $1 million to $5 million. FIP’s operating model focuses on partnering with the owners or operators of smaller businesses to provide the support, guidance and resources necessary to grow the business.