Pacific Handy Cutter (“PHC”), a portfolio company of Levine Leichtman Capital Partners (“LLCP”), announced today that it has acquired certain assets of Molding Solutions (“MSI”) related to the production of highly engineered plastic injection molded products for safety cutters.
PHC is the leading supplier of specialized safety cutting tools and replacement blades to a diverse range of end markets. The company is a recognized leader in the industrial safety market for standardizing the method of opening corrugated packaging and providing products that are engineered to eliminate workplace injuries, reduce damaged merchandise and improve productivity. PHC was founded in 1950 and is headquartered in Irvine, California.
Mark Marinovich, CEO of Pacific Handy Cutter, commented, “We are thrilled to add MSI’s industry leading capabilities, which will shorten the timeline for bringing new products to market and strengthen our already excellent product quality. This acquisition is a great opportunity to better serve our valued customers.”
Matthew Frankel, a Partner with LLCP, stated, “We are pleased to demonstrate our continued support of PHC through this acquisition. Combining PHC’s industry leading product suite with MSI’s plastic injection molding capabilities is an excellent match. We remain focused on building value for the benefit of PHC’s customers and employees.”