We are pleased to announce that SRP Advisors, LLC initiated the transaction and acted as financial advisor to Protective Industries, Inc. (d/b/a Caplugs) in connection with the acquisition of Evergreen Scientific, Inc. Founded in 1948 in Buffalo, NY, Caplugs has been a leader in the product protection industry for over 60 years manufacturing caps, plugs, tubing, containers, edge liners, fasteners, netting, masking and many other plastic products. The Company specializes in injection molding, vinyl-dip molding and plastic extrusion, producing approximately 2 billion pieces per year for use in a wide range of industries. With facilities in New York, Pennsylvania, Texas, California and China, Caplugs is a trusted global partner for its customers. Based in Los Angeles, CA, Evergreen Scientific designs and manufactures disposable and reusable plastic products used in clinical chemistry, microbiology, cytology, histology, and life science. The Company’s products are used worldwide in clinical, biotechnology, veterinarian, industrial, educational, and pharmaceutical laboratories. Evergreen offers one of the broadest product lines in the markets it serves with over 1,000 products including microplates, strips, films, columns, cuvettes, storage containers, pipet tips, tubes, vials, specimen containers, caps, cassettes, storage boxes, and racks.
This transaction extends the successful track record of SRP Advisors working with leading companies in the medical and life sciences market.
For more information about this transaction or the merger and acquisition advisory services of SRP Advisors, LLC, please contact Sean Prendergast, Managing Partner at 818-936-2511.