Stout announced today that its client, Kentucky Manufacturing & Technology (KMT) has been sold to Viking Plastics, a leading manufacturer of tight tolerance proprietary and custom injection molded products and assemblies for the automotive, HVAC, and industrial markets. Viking Plastics is a portfolio company of Spell Capital Partners, a private equity firm based in Minneapolis, MN. Stout served as exclusive financial advisor to KMT in connection with this transaction.
KMT, based in Louisville, KY, is a leading manufacturer of high-precision, custom injection molded products serving the specialty packaging, specialty appliance, filtration, lawn and garden, medical, and other industrial end markets. Mr. David Evatz, Managing Director and head of Stout’s plastics industry practice, added, “KMT complements Viking Plastics’ existing business by adding new products, customers and end markets along with an expanded geographic footprint in the Southeast.” Mr. Gerald Cox, President & CEO of KMT, said, “Stout did an excellent job finding the right partner for KMT, and I believe the business is well positioned to continue its success with Viking Plastics.”
Stout’s Investment Banking group provides mergers and acquisitions (M&A) advice, private capital raising, and other financial advisory services for private equity portfolio companies, closely held or family owned businesses, and divisions of large corporate parents. Stout’s dedicated plastics industry practice includes experience with companies within the medical, packaging, industrial, and automotive markets and across various manufacturing and plastic processes. For more information, please visit Plastics & Packaging on our website.
Stout is a trade name for Stout Risius Ross, LLC and Stout Risius Ross Advisors, LLC, a FINRA-registered broker-dealer and SIPC member firm.