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P&M Corporate Finance, LLC (“PMCF”) is pleased to announce that it served as the exclusive investment banker to Lakeside Plastics Limited (“Lakeside” or the “Company”) in its sale to KB Components (“KB”).
Founded in 1977 and headquartered in Windsor, Ontario, Lakeside is an established Tier I and Tier II supplier of decorative and functional black injection molded plastic components to the automotive industry. Lakeside has unique small and large part production capabilities with over 40 presses ranging from 28 tons to 3,500 tons and is known in the industry for its automation, technical expertise, and operational excellence.
KB Components is headquartered in Sweden with production plants located throughout Sweden, Lithuania, Slovakia, Canada, Mexico, and China. Following the acquisition, KB will merge its current facility in Canada with Lakeside to better serve its growing customer base, which includes a diverse mix of blue-chip customers and increasing content with electric vehicle OEMs and platforms.
PMCF served as exclusive investment banker to Lakeside, managing the entire transaction process. Bob Luckino, owner of Lakeside, said, “We hired PMCF because of their extensive experience advising companies through complex transactions in the automotive industry. They went above and beyond the call of duty, serving as a key advisor to me as we navigated through the COVID-19 pandemic and current chip shortage issues.”
The transaction closed in November 2021. Butzel Long and McTague Law Firm LLP served as the legal advisors to Lakeside.
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