Seaman Paper is a privately owned paper manufacturer headquartered in Gardner, Mass. The Company originated in 1945 when the Chicago-based Seaman family purchased a small mill in Otter River, MA. The mill was spun off by the parent company in 1984 and is now owned by the Jones family. Under the Jones’ management the mill has continuously been upgraded. With the addition of converting and printing capabilities, Seaman was able to develop its branded Satin Wrap line of retail packaging tissue which is sold to specialty retailers like Ann Taylor, Talbot’s, Banana Republic and J. Crew; a line of private label gift tissue, serving Hallmark, American Greetings, Costco and Dollar Tree Stores; and a line of industrial tissue products serving the floral, arts and crafts, footwear and produce industries. Seaman is also the largest crepe streamer manufacturer in the United States. MCRC provided Seaman with long term debt to support a synergistic acquisition and to assist with the Company’s energy conversion from oil to wood-fired boilers.
Based in Burlington, Massachusetts, Phillips Screw Company is a leading designer and distributor of fasteners commonly used throughout the world across a wide variety of end markets including building products, aerospace, automotive and industrial applications. Phillips Screw Company was originally founded in 1935 when the Company released the original Phillips crosshead screw. Since then, Phillips has designed a variety of innovative drive systems and remains a well-known brand in the industry. MCRC’s subordinated debt and equity investment, along with equity sponsorship by Gemini Investors of Wellesley, MA, financed the management buyout of the Company from long time individual owners.
Visit website: www.phillips-screw.com
Founded in 1936, Litecontrol is a leader in the design, development, manufacture, and marketing of innovative, high quality architectural lighting systems. Primary markets for the Company’s products include office buildings, schools, hospitals, laboratories, and libraries throughout North America. The Company designs, develops, fabricates, paints, and assembles its products at two fully integrated manufacturing facilities totaling 450,000 square feet in Hanson and Plympton, Massachusetts. The Company’s manufacturing facilities utilize the latest technologies to ensure that all products maintain the highest quality standards with the least impact on the environment. Litecontrol is a privately held, employee-owned corporation with 200 employee-owners. The Company completed its transition to ESOP ownership in late 2007. MCRC’s investment replaced the existing ESOP debt with a long term note, providing near term working capital and a more favorable long term amortization schedule.
Lytron Inc. is a designer and manufacturer of high-performance thermal management components and systems. Lytron’s standard and custom cold plates, cooling systems, and heat exchangers are found in the medical, laser, military/aerospace, power electronics, analytical, and semiconductor markets. The company engineers custom components and systems for OEMs as well as provides off-the-shelf standard products to OEMs and end users. Lytron sells directly from its headquarters and through its representatives and distributors around the world. MCRC provided Lytron with subordinated debt which helped the company finance an acquisition.
Founded in 1948, Marshall Paper Tube manufactures and distributes paper packaging materials throughout the Northeast. With manufacturing facilities in Fall River and Canton, the company sells to various industries including roofing, automotive and textile. MCRC’s subordinated note investment helped finance the acquisition of the company by a new owner-operator.
Based in Franklin, Massachusetts, Rypos, Inc. designs, manufactures, and markets emissions’ reduction solutions for diesel engines. The company’s patented, electrically charged filters and catalytic technologies provide customers with key solutions in the transportation, electric generation, and marine industries. MCRC’s subordinated debt investment provided additional capital to support growth with new and existing customers.