IVP Plastics

IVP Plastics provides industry-leading thermoplastic design and injection molding services to a variety of end markets including the automotive, agricultural, heavy industrial, electronic, construction, food & beverage, and medical industries. The Company’s product set ranges from automotive engine components, to filter housing bases for the construction and industrial world, HVAC fans, engineered arm braces in the medical field, to mounting brackets used in thousands of different applications. IVP’s three strategic sites located near Peoria, Illinois and St. Louis, Missouri provide world-class capabilities to a growing list of both regional and national clients.

While the IVP business dates back to 1953, the Company was acquired by current leadership during 2010. Since this time, the existing leadership team has dramatically grown the business which included the acquisition of St. Louis-based Pro Plas in 2012 and the addition of another operating site in 2017. After years of steady growth, the IVP ownership group desired to explore strategic alternatives for their business and engaged Promontory during April of 2019. Besides economic considerations, the ownership group desired to close a transaction with a strategic acquirer that would be mindful of IVP’s culture and would continue to support the Company’s investment in its leadership team and loyal employee base.

After collaborating with IVP’s ownership group, researching a variety of potential acquirers, and facilitating management visits with IVP and various interested parties, employee-owned Microplastics, Inc. was identified as the ideal acquirer for the business. Besides addressing IVP’s economic goals for a transaction, going forward, IVP’s employees will have the opportunity to participate in the Microplastics ESOP and will share in the future financial success of the Microplastics-IVP combination.