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June 20, 2017, Salt Lake City, Utah – Sage Park announced today it has signed a definitive agreement to acquire the Utah based SMI Molding Company. The transaction is anticipated to close later this month and the term of the transaction were not disclosed.
“We are excited about the SMI transaction,” said Robert Joubran, CEO Sage Park. “We look forward to working with the Sports Molding management team to continue growing the company’s, enhancing the customer experience and assisting with operational improvements.”
SMI is one of the premiere plastic injection molders in the western United States doing business in Clearfield, Utah since 1981. “Over the past 30 years we have built SMI’s reputation for high quality molding by serving our customers and business partners” said Shane Cave, SMI’s President & CEO. “Sage Park’s track record in helping organizations reach their full potential makes them an ideal buyer for SMI. This acquisition adds tremendous stability to the business and provides a dynamic platform for growth.”
SMI is a custom plastic injection molding company with a long, consistent history of high quality molding services and manufacturing. Since in 1982, SMI has maintained a strong reputation in the industry for its comprehensive quality assurance programs in injection molding. The Company specializes in sporting goods, medical, consumer and technology products. They work with complex materials, such as urethane and their capabilities include over molding, insert molding, gas-assisted molding and complete the process with a comprehensive decorating service.
About Sage Park
Sage Park is an acquisition group focused on operational strategy and is renowned for the value creation we deliver for our businesses. We invest tremendous time and energy to facilitate operational improvements, business strategies, direction, and growth. By aligning acquisition expertise with operational proficiency, we are able to create additional value through acquisitions of corporate and private divestitures.