About the Transaction
Paramax Advised on the Sale of Vanderveer Industrial Plastics to The Gund Company. Vanderveer Industrial Plastics, LLC (“VIP”) (www.vanderveerplastics.com), a portfolio company of Gemini Investors and Timepiece Capital, Inc., is a leading manufacturer of high precision machined thermoplastic and composite parts and components. Founded in 1951 the Placentia, California based VIP is well known as a leader in the manufacture of plastic parts used in hostile environments made from difficult to machine high performance thermoplastic and related materials. The Company’s parts are used in a wide array of applications in the Aerospace & Defense, Clean Energy, Liquified Natural Gas, Oil & Gas Exploration, and Semiconductor & Electrical Components markets.
The buyer, The Gund Company (“Gund”) (www.thegundcompany.com), is a national manufacturer and fabricator of composite, thermoplastic, and elastomeric materials. A third-generation family-owned business, The Gund Company maintains twelve manufacturing locations across five countries. Service offerings include: Materials Manufacturing, VARTM, Fabrication & Converting, Finishing Capabilities, Assembly, Kitting, and Inventory Management.
Paramax served as the exclusive M&A advisor to Vanderveer Industrial Plastics and its Private Equity owners on this transaction. The VIP transaction represents Paramax’s 18th sale of a Precision Machining business. Paramax has extensive experience advising Precision Machining companies in a variety of end markets for premium valuations. Paramax Corporation is a FINRA-registered investment banking firm focused on sell-side M&A transactions throughout the United States and Internationally.