Argosy Private Equity News
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Argosy Private Equity Exits Oneida Molded Plastics, LLC
On August 19, 2021, Argosy Private Equity exited its investment in Oneida Molded Plastics, LLC (“Oneida”). The company was acquired by Cedar Ridge Holding Company, a Minnesota-based family office.
Headquartered in Oneida, New York, Oneida is a leading manufacturer of premium injection molded plastic products and high quality secondary and tooling services to customers in niche industries, including the recreational firearms, specialty automotive, business equipment, medical equipment and building equipment industries.
“We are very pleased with the outcome of this transaction,” said Keven Shanahan, Partner at Argosy. “We have enjoyed working with OMP’s management team during our ownership and believe that the company is well positioned to continue its success and growth with Cedar Ridge.”
“The entire Argosy Private Equity team has been a pleasure to work with. They are patient investors, provide realistic guidance, while also encouraging the professionalization of the management team to grow their business profitably,” said Steve Thalmann, CEO of Oneida.