LA-CO Industries announced today a partnership with MPE Partners
beginning a new chapter of growth for the fourth-generation,
family-owned global manufacturing company specializing in the
manufacturing of industrial hand-held markers, plumbing chemicals,
temperature indication tools, sterilization inks and livestock
identification products.
ELK GROVE VILLAGE, Ill.,
July 23, 2024 /PRNewswire-PRWeb/ --
LA-CO Industries (the "Company"), announced today a partnership
with MPE Partners ("MPE") beginning a new chapter of growth
for the fourth-generation, family-owned global manufacturing
company. This week also marks the 90th anniversary since LA-CO
Industries opened its operations in 1934 for the design and
manufacturing of high-quality, performance-based products for its
customers' unique applications.
"I am incredibly excited for the future of
LA-CO Industries with the investment of MPE, a strong partner that
closely aligns with our vision for growth and greater success. The
partnership recognizes LA-CO's 90 years of industry leadership
which will serve as a catalyst for continued growth."
LA-CO Industries specializes in the manufacturing of industrial
hand-held markers, plumbing chemicals, temperature indication
tools, sterilization inks and livestock identification products.
Headquartered in Elk Grove Village,
IL with operations in Blyes, France, LA-CO Industries and its five brands
serve distributors in over 70 countries worldwide.
LA-CO Industries' partnership with MPE will focus on
accelerating growth in the U.S. and abroad through increased
investment and a customer-centric approach. LA-CO Industries
fourth-generation family member Benjamin
Kleiman will continue to be a significant investor and serve
as CEO and a Board Member of LA-CO Industries under the new
partnership.
"I am incredibly excited for the future of LA-CO Industries with
the investment of MPE, a strong partner that closely aligns with
our vision for growth and greater success," Kleiman said. "The
partnership recognizes LA-CO's 90 years of industry leadership
which will serve as a catalyst for continued growth across the
globe as the Company enters into a new era of success."
Graham Schena, Partner at MPE,
said, "We are thrilled about our investment in LA-CO Industries and
partnership with Benjamin and the rest of the management team.
Since its founding over 90 years ago, the Company has established a
market leading position driven by its wide breadth of high-quality,
performance-based products all while delivering premier customer
service." Brendan Newman, Vice
President at MPE, added, "We are looking forward to partnering with
Benjamin and the rest of the management team to pursue an
aggressive organic growth strategy as well as to execute and
integrate complementary add-on acquisitions, all while maintaining
the strong culture and commitment to its customers that has made
LA-CO Industries so successful."
About LA-CO Industries
Founded in 1934 and headquartered in Elk Grove Village, IL, with an additional
manufacturing facility in Blyes, France, LA-CO Industries is a leading
manufacturer of industrial hand-held markers, temperature
indicating tools, sterilization inks, plumbing chemicals, and
livestock identification products. Under its flagship brands,
LA-CO, Markal, Tempil, and All-Weather, LA-CO Industries offers
high-quality, performance-based products designed for customers'
unique applications. The Company primarily serves its loyal, global
customer base through industrial distributors but also sells
through the commercial and eCommerce channels. For more
information, please visit www.lacoindustries.com.
About MPE Partners
MPE Partners ("MPE") seeks to be the preferred partner for
entrepreneur- and family-owned companies. Based in Cleveland, OH and Boston, MA, MPE invests in profitable, lower
middle market companies with EBITDA between $8 million and $40
million. MPE has two primary target investment areas:
high-value manufacturing and commercial & industrial services.
For more information, please visit www.mpepartners.com.
Media Contact
Dan Lucianek, LA-CO Industries, 1
847-956-7600, dlucianek@laco.com, http://www.lacoindustries.com
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SOURCE LA-CO Industries