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P&M Corporate Finance (PMCF) Announces Sale of Thermoformer The Fabri-Form Company

Southfield, MI – August 26, 2013 – P&M Corporate Finance (PMCF) is pleased to announce that it served as the exclusive financial advisor to The Fabri-Form Company (Fabri-Form), of New Concord, OH. The buyer was Portage, WI-based Penda Corporation (Penda). Penda is a portfolio company of Resilience Capital Partners, of Cleveland, OH and Littlejohn & Co., of Greenwich, CT. The agreement combines the strengths of Penda and Fabri-Form by leveraging Penda’s global sales network and thermoforming resources with Fabri-Form’s custom engineering solutions and manufacturing technologies to deliver an unparalleled array of thermoformed solutions.

Fabri-Form (www.fabri-form.com) is a market-leading plastic thermoformer of material handling, packaging, and engineered components for the automotive, grocery, and heavy-duty truck industry. Penda, located in Portage, WI (www.penda.com) is a world-wide Tier 1 automotive supplier and the largest industrial heavy-gauge thermoformer in the United States. The combined organizations will feature a network of facilities across the United States and Mexico to service their customers.

Commenting on the transaction, John Knight, former CEO and primary shareholder of Fabri-Form, noted “Penda represents a great fit for the future of our Company, our employees, and customers. My family started Fabri-Form in 1943 and this represents the next step in our rich history of evolution and growth. I could not be more excited about the opportunities that will be provided by our future together with Penda.”

Fabri-Form’s shareholders selected PMCF’s Plastics & Packaging Group, led by John Hart, to conduct a sale process for the company. The Company’s goals in a transaction were finding a partner who could provide significant growth opportunities for Fabri-Form and its employees and equity diversification for the family shareholders. Commenting on the transaction outcome Knight noted, “I began working with PMCF years before starting this process and their advice and consultation helped us best prepare for this once in a lifetime event. Their expertise in the plastics industry provided the opportunity to hold extremely confidential discussions with a variety of interested financial and strategic parties and then select the best path for both the shareholders and the Company. I would highly recommend the PMCF team.”

About PMCF
PMCF is a middle market investment bank providing merger and acquisition advisory services to companies in North America and Europe. PMCF provides a broad range of services including sale advisory, acquisition advisory, capital raising, and strategic advisory. The firm has dedicated industry teams providing services to the plastics and packaging, medical technology, industrials, and business services industries. PMCF has offices in Chicago and Detroit and around the globe via its Corporate Finance International affiliates. For more information, visit www.pmcf.com.

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