Transaction will fuel GSC’s next growth phase.
GSC Technologies, Inc. (“GSC”) announced that it has completed the acquisition of F&M Tool and Plastic, Inc. (“F&M”). This transaction for GSC will fuel the company’s next phase of growth. Both GSC and F&M are leading manufacturers of plastic goods in North America.
“We are excited to complete the bolt-on acquisition of F&M for the GSC platform. We believe that this will create a stronger overall business with an opportunity to drive synergies through the deployment of our portfolio value creation system,” said Eric Wiklendt, Board Chair at GSC and Managing Director at Speyside.
GSC President & CEO Dave Barrow wanted to thank Mark Farrell, CFO, and Lynda Gaudreau, VP of Operations and Supply Chain, for their great leadership on this deal and noted, “We are looking forward to welcoming the F&M team into the GSC family. The talented employees, fabulous product portfolio, and great technology will all contribute to an exciting future and help GSC to deliver on its strong growth mission.”
“Adding the home storage assortment from F&M to the hardware products from GSC allows us to offer a complete assortment and meet all customer’s needs,” added Rob Soiferman, VP Sales.
Nick Lardo, Director at GSC and Managing Director at Speyside, noted, “We see the bolt-on acquisition of GSC to F&M as an excellent opportunity to accelerate our plans for that business.”
”We believe that this will create a stronger overall business with an opportunity to drive synergies through the deployment of our portfolio value creation system.
Eric WiklendtGSC Board Chair and Speyside Managing Director
Honigman LLP acted as GSC’s legal advisor.
