MPE Partners Recapitalizes Teel Plastics
February 5, 2020
MPE Partners (Morgenthaler Private Equity) completed a recapitalization of Teel Plastics, partnering with owner Jay Smith and the senior management team to support the company's next phase of growth. Teel Plastics, headquartered in Baraboo, Wisconsin, is a technology-driven manufacturer specializing in plastic extrusion and injection molding for agriscience, medical, consumer cosmetics and industrial markets.
- Buyers
- MPE Partners (Morgenthaler Private Equity)
- Targets
- Teel Plastics
- Sellers
- Smith family (Jay Smith)
- Industry
- Manufacturing
- Location
- Wisconsin, United States
- Transaction Type
- Recapitalization
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