Stout Advises on Sale of Western Industries Plastic Products

March 26, 2019

Stout announced today that its client, Western Industries Plastic Products LLC (“Western”), a portfolio company of Speyside Equity LLC (“Speyside”), has been acquired by Littlejohn Capital, LLC. Stout served as exclusive financial advisor to Western and Speyside in connection with this transaction.

Founded in 1987 and headquartered in Winfield, KS, Western is an industry-leading designer and manufacturer of premium blow-molded finished products and components for the industrial, furniture, sports and leisure, transportation, and lawn and garden sectors. Western has a unique competence in large-part blow molding and operates one of the largest fleets of large-tonnage blow molding machines in the U.S.

“We are very pleased with the outcome of this transaction,” said Eric Wiklendt, Director at Speyside. “Western has a long, successful history and is well-positioned as one of the leading large-part blow molders in the industry. Stout did an outstanding job of finding the right partner for the company in Littlejohn Capital to continue its success and growth.”

“Western has built strong brand recognition and has a reputation for manufacturing some of the largest and most complex blow-molded products in the industry,” said David Evatz, Managing Director and Head of Stout’s Plastics & Packaging practice. “It was a pleasure working with Speyside and Western on this transaction.”

Stout’s Sidarth Balaji assisted in executing the transaction.

About Speyside

Formed in 2005, Speyside employs an operationally intensive approach to investing in specialty chemicals, industrials/metal forming and food ingredients businesses. It targets companies with a history of strong revenue, a defensible position in their respective markets, and a core group of managers that can move the business forward. Speyside prefers situations where there are opportunities to leverage its operating expertise to improve financial performance and create sustainable long-term value.