Highlander Partners, L.P., an investment firm based in Dallas, Texas, USA, and Capstone Capital Partners, an investment firm based in Cleveland, Ohio.
* Highlander Partners, L.P., an investment firm based in Dallas,
Texas, USA, and Capstone Capital Partners, an investment firm based in
Cleveland, Ohio, USA, have acquired Premix, Inc., of North Kingsville,
Ohio, USA, and its wholly owned subsidiary Quantum Composites lnc. of
Bay City, Michigan, USA. Premix develops, designs, and manufactures
thermoset composite materials and custom-molded components; it will
combine with another Highlander/Capstone company, Hadlock Plastics, LLC,
of Geneva, Ohio, USA, a custom molder and finisher of engineered
composite products. Hadlock Plastics president Terry Morgan will lead
the combined company as CEO, and Premix chief operating officer Tom
Meola will assume an expanded role as chief operating officer for the
new company, which will maintain its three existing facilities and
workforce in Ohio and Michigan. The new enterprise has 430 employees and
a manufacturing capacity of more than 500,000 square feet.