Plastic extruded-parts manufacturer Custom Profile (Walker, Mich.) has been sold to its employees in an employee stock ownership plan.
Custom Profile makes plastic extruded parts for the office furniture, appliance, and medical device industries. The company has locations in Walker and Grand Rapids, Mich., and a facility in Mexico.
Working in partnership with Mosaic Capital Partners of Charlotte, N.C., Custom Profile employees bought the stock owned by Blackford Capital, a national private equity firm headquartered in Grand Rapids, Mich. Custom Profile was founded in 1992, and sold to Blackford in 2012.
In 2016, Custom Profile acquired a division of Bemis Manufacturing (Sheboygan, Wis.), giving it inroads into the medical industry and leading to tremendous growth, according to the company. The business continues to grow and was included in Inc. 5000’s fastest-growing private companies in both 2017 and 2018.
The sale of Custom Profile is the second exit from Blackford Capital’s Michigan Prosperity Fund, which invests in lower middle-market manufacturing, distribution, and business service companies primarily within the state of Michigan. Terms of the deal were not disclosed.
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