The Plastics Group, Inc. (“TPG”), headquartered in Willowbrook, Illinois, is a market leader in the design, engineering and manufacture of custom blow-molded and rotational-molded plastic parts for a variety of end-market applications. TPG derives the majority of its revenues from custom products and tooling that it designs and manufactures for specific customers’ applications. TPG derives its remaining revenues from the sale of consumer products, including a proprietary line of blow-molded gas and water containers, drain pans and rotationally molded septic tanks. TPG sells its consumer products to major retailers and distributors in a wide variety of industries.
Merit provided subordinated debt and common stock to finance the acquisition by management and a major equity fund sponsor.