Generational Capital Markets, Inc., Member FINRA/SIPC, is pleased to announce the sale of its client, Ammex Plastics, to Echo Engineering and Production Supplies. The acquisition closed October 19, 2017.
Ammex Plastics is an ISO 16949/TS 16949:2009 registered full-service manufacturer of custom plastic components based near Detroit in Monroe, MI, with approximately 50 employees. Ammex primarily serves the automotive industry and has a production facility and a warehouse each covering more than 15,000 square feet.
The company mainly produces under-the-hood, functional parts including fluid routing, fastening, interior, and suspension system components. Ammex Plastics will now operate as Echo Engineering and Production Supplies, Inc. dba Ammex Plastics.
Echo Engineering and Production Supplies, Inc., headquartered in Indianapolis, IN with additional locations in Monroe, MI; Milpitas, CA, and Guadalajara, Mexico; is an industrial solutions business providing expert design & engineering services, comprehensive manufacturing processes, real-time supply chain management, and meticulous quality assurance.
Echo sells plastic, rubber, and adhesives, both direct and indirect product, into several industries including automotive & mobility, agriculture, power sport & recreation, marine, electronics, and other manufacturing sectors. Echo’s core product technologies include:
Direct Product Technologies
Indirect Product Technologies
Founded in 1966, Echo is a portfolio company of Matri Holdings, Inc., a private investment company specializing in acquisitions of manufacturing and/or distribution businesses. Echo has experienced exceptional growth over the last decade and looks forward to accelerating this success with a manufacturing facility located in the heart of the automotive industry. We believe the acquisition of Ammex Plastics will be of great benefit to that aim.
Generational Capital Markets Managing Director Phil Pizzurro’s team, with support from Vice President Mark Galovic, successfully closed the deal.
“This was a special transaction that I was honored to play a role in. The mutual strategic and cultural synergies involved in this transaction resulted in a unique match that will help pave the way to a seamless integration. I am excited to witness the future growth of the combined entities,” said Pizzurro.
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