Spell Capital Partners Purchases Majority Position in Viking Plastics
Spell Capital has purchased a majority position in Corry, Pennsylvania-based Viking Plastics. The companies finalized the deal arranged by financial advisory firm Stout Risius Ross on Nov. 18, positioning Viking Plastics for future growth.
Viking's management team, including current President/CEO Kelly Goodsel, will remain in place. Spell Capital will use its expertise in acquisitions and financing to help Viking reach its goal of $100 million in revenue by 2020.
This investment in Viking Plastics will help support the company’s customers and channel partners through continued investment in new technology, locations and resources, as well as by providing financial stability and risk mitigation. Goodsel stressed that customers and partners will continue to benefit from Viking Plastics’ commitment to continuous improvement.
For more information, visit www.vikingplastics.com.