Littlejohn Capital is the single family office of Angus Littlejohn, the founder of the private equity fund Littlejohn & Co. Recently, the Littlejohn family office announced the acquisition of the component producer Western Industries Plastic Products LLC. Western Industries is a Kansas-based company which is a “industry-leading designer and manufacturer of premium blow molded finished products”. The company offers its products for various industries like industrial, furniture, transportation, etc. Littlejohn buys Western Industries from Speyside Equity LLC, an operational-focused private equity fund.
Capitalizing on growth opportunities
Angus Littlejohn commented the transaction with: “Western has a unique competence in large blow molding and manufactures some of the largest and most complex products in the industry. The company’s complex blow molding machines offer extraordinary manufacturing and product flexibility to handle virtually any blow molded product size, shape or complexity and serves as a critical supplier and one-stop strategic partner to many of its customers.” Focusing on the strategic part of the investment, Littlejohn says: “there are a number of near-term strategic growth opportunities with new and existing customers that management expects to capitalize on and we look forward to partnering with them to attain its goals.”
A good fit for the Littlejohn family office’s portfolio
Littlejohn continues the private equity approach of Littlejohn & Co., focusing on control investments in SME companies which are “undergoing strategic, operational or generational transistions”. The family office is especially focused on industrial companies. Before the transaction, Littlejohn’s portfolio consisted of Maysteel Industries, Hospitality Staffing Solutions and ArmorWorks Enterprises. Especially Maysteel and ArmorWorks are comparable industrial companies.
Picture source: Ksenia Kudelkina
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