News
Stonewood Capital Management
Apr 30th, 2013
PRESS RELEASE
April 12, 2012
Stonewood Capital Management, Inc., through its investment
affiliate and SBC Equity Partners, LP, has partnered with company management to
buy the assets of CK Composites, Inc. of Mount Pleasant, PA. CK Composites is a
recognized leader in the manufacture of composites including, fiberglass, epoxy
and wood insulation products for the power, natural gas transmission, medical
device and defense industries. Allan Bartek, P.E., with over 38 years'
experience in the composites and electric power industries, is President of CK
Composites and participated in the buy-out
.
"O
ur
company is positioned in
areas ripe for growth, and we are very excited about the future," said
Bartek. "With Stonewood Capital behind us, we will have the resources
necessary to take CK Composites to the next level."
First National Bank of Pennsylvania provided senior financing in
support of the acquisition.
CK Composites, Inc. was formed in 1985
from the buy-out of the assets of the former Permali, Inc. and has 60 employees
in its Mount Pleasant facility. For more information, please see
www.ckcomposites.com
.
About Stonewood Capital Management, Inc.
Stonewood Capital is a Pittsburgh-based
private equity firm seeking investment opportunities primarily with
manufacturing, assembly, or distribution companies with sales from $5 to $60
million. Stonewood Capital's executives have experience with many types of
transactions, but specialize in making
acquisitions in partnership with
experienced management teams. The managers supply the business skills necessary
to move the company forward, and Stonewood Capital adds value by helping craft
strategies for growth
and margin improvement as well as assisting management teams with legal and
financial issues that arise in the business
.
Kenn Moritz, President of Stonewood
Capital, and Peter Muth, Vice President, led the Stonewood Capital investment
in CK Composites LLC.
For more information,
please see
www.stonewoodcapital.com
.