Crescenda Announces Sale of Lighting Plastics of Minnesota
Minneapolis, Minnesota – Crescenda Merger & Acquisition Advisors (Crescenda) announced today that its client, Lighting Plastics of Minnesota, Inc. (LPM) was acquired by Talos Elemental Corp., a Minnesota corporation. Financial terms of the transaction were not disclosed.
Founded in 1982, LPM has been designing, manufacturing and distributing high quality lighting products to a list of regional, national and international blue chip customers. Located in St. Louis Park, Minnesota, they specialize in providing cost-effective retrofit lighting solutions for industrial and commercial buildings including hotels, schools, universities, shopping malls, and government offices.
Former LPM CEO, David Kohn said, "After 40 great years running Lighting Plastics and working with so many wonderful people, it is time to retire." David added, "I was able to find an excellent buyer that will continue the operation and provide good opportunities to this exceptional group of employees. Talos is a partnership of three individuals who are highly talented and have the resources to continue building on the success I was able to achieve."
Incoming president and new CEO of LPM, Jon Sexton said, "Lighting Plastics is a well-run company with a large and attractive geographic market that fits our vision perfectly. They have an impressive track record of success and we are very excited to partner with a company sharing a similar culture and corporate values." Talos partner, Jim Stitt added, "We have a great deal of respect for what David built; its value-added business model and the trusted customer relationships they have cultivated over its impressive history. We believe Lighting Plastics is well positioned to sustain its track record and we are excited to take the business into the future."
This acquisition is consistent with Talos’ plan for a long-term investment strategy and approach to value creation, which will build upon this first acquisition of Lighting Plastics of Minnesota.
About Lighting Plastics of Minnesota David Kohn founded Lighting Plastics while working in his father’s electrical contracting business. He realized that there was an opportunity to become a supplier of hard to find replacement lenses and diffusers. Since then, Lighting Plastics expanded its capabilities by adding vacuum forming, CNC routing and custom fabrication capabilities, allowing Lighting Plastics to offer products for both aftermarket applications as well as original equipment manufacturers (OEM). Lighting Plastics is also a supplier to smaller replacement lens companies all over the US and Canada.
About Talos Elemental Corporation Talos Elemental Corp is a manufacturing and consulting firm with expertise in product design, additive manufacturing, and process optimization, rooted in data science and analytics. . Crescenda Merger & Acquisition Advisors acted as financial advisor to Lighting Plastics in the transaction.
About Crescenda Merger & Acquisition Advisors Crescenda is an M & A intermediary and investment banking advisory firm specializing in representing successful, privately-held businesses in the sale of their companies.
For more information, contact:
Jim Odney Crescenda, LLC 515 Evergreen Ln N Plymouth, MN 55441 Ph: (763) 545-1886 jim@crescenda.com
Jamer Odney Crescenda, LLC 102 East 66th Street Kansas City, MO 64113 Ph: (816) 226-8493 jamer@crescenda.com