MCP Web Brochure_Aug2010.indd - Monomoy Capital Partners

Monomoy Capital Partners
Inestments
Monomoy has never met a middle market
business that we couldn’t help. Over the past
five years, we’ve closed over 30 transactions in
multiple industries, acquiring companies through
bankruptcy, corporate divestitures, recapitalizations
and plain-vanilla stock or asset purchases. We
bring certainty to any sales process, and we create
value by working with management to make our
portfolio companies stronger, more nimble, and
more profitable.
Monomoy companies generate more than $1.2
billion in combined sales, employ over 5,000 team
members and operate over 35 facilities in North
America, Europe, India, Brazil and China.
Anchor Hocking
Awrey Bakeries
Barjan
Boston Apparel Group
Compass Automotive Group
Fortis Plastics
Hess Industries
HTPG
Katun
Kurz-Kasch
SRC

Investments
Anchor Hocking
Every time you buy flowers for your mother, a
Monomoy investor smiles. That’s because the
arrangement is likely in a vase made by The Anchor
Hocking, a portfolio company since 2007.
Anchor is the largest maker of vases and
candle jars in the country and the largest supplier
of glassware to mass market retailers including
Walmart and Target. Because Anchor sells
value-based products, it remains thriving and
profitable through the recession. Anchor’s strong,
experienced workforce – including a terrific sales
staff – made the company an attractive investment.
We acquired Anchor’s assets from the bankruptcy
of Global Home Products and contributed our
expertise to reduce manufacturing, purchasing
and other costs. Anchor made no money when
we bought it. It makes money today. Strategic
acquisitions of Indiana Glass and Alco Consumer
Products allowed us to launch a new product
line: the Anchor Home Collection of houseware
accessories, available in 2010.
Sales
Sector
Head Quarters
CEO
Website
SIC Code
$270 million
Glassware
Lancaster, Ohio
Mark Eichhorn
anchorhocking.com
3229 and 3089
Awrey Bakeries
This is all about the brownie. One of the
largest privately-owned bakeries in the United
States, Awrey supplies sweets and baked goods
to major food distributors, national restaurant
chains and retail outlets in North America and Asia.
Monomoy acquired the assets of Awrey out of
bankruptcy in partnership with Hilco Equity
Management, spurred by the opportunity to
bring professional management to a family-owned
business and introduce lean manufacturing into the
bakery industry. We continue to build Awrey with
the goal of transforming a regional brand into a
national presence. Today, Awrey is growing its sales
and profit margins despite the recession. In 2009,
we added Atkins Elegant Desserts to the Awrey
family to give us greater reach into national
restaurant chains – and a near-perfect cheesecake.
Sales
Sector
Head Quarters
CEO
Website
SIC Code
$70 million
Commercial Bakery
Livonia, Michigan
Bob Wallace
awrey.com
5149.02
Barjan
U.S. and Canadian truck stops are a retail trove of
trinkets for travelers, and Barjan fills them with more
than 8,000 SKUs – toys, gadgets, books, DVDs,
chemicals, additives, sunglasses and automotive
accessories. Barjan is the leading distributor of
retail merchandise to the truck stop and travel
center industry and the largest manufacturer of
CB radio antennae in the world. (Someone has to
do it.) We contributed financial and operational
expertise to bring a stronger product assortment
to the sector, helped the company source products
from Asia, and expanded distribution capabilities
into other channels such as convenience stores
and gas stations. Today, the company no longer
struggles with debt and performance issues. With
a new sourcing facility in China and the addition
of Astatic Mobile Communications, Barjan is well
positioned for the future.
Sales
Sector
Head Quarters
CEO
Website
SIC Code
$125 million
Truck Stop Distribution
Rock Island, Illinois
Charlie Sciandra
barjan.com
5013
142 West 57th Street, 17th Floor New York, NY 10019 p 212. 699. 4000 f 212. 699. 4010 w www.mcpfunds.com

Investments
Boston Apparel Group
Boston Apparel Group is a leading catalog and
internet retailer of women’s apparel and accessories
sold under the value-priced Chadwicks, metrostyle
and Casual Living brand names. All three brands
have an avid following and maintain a substantial
share of their niche markets. While clothes may
make the woman, profits make the company. When
we bought the business, Boston Apparel was a
money-losing corporate orphan of a large French
fashion conglomerate. By applying principles of
lean manufacturing, we re-energized a significant
retail brand and made the company profitable in
nine months. We worked with the Boston Apparel’s
labor union to preserve jobs and we migrated sales
from catalogs to the Internet. We acquired the
Casual Living brand for Boston Apparel in early 2010.
After consolidating Boston Apparel’s two facilities,
the company is a smaller but profitable business
despite tremendous pressures on the retail sector.
Sales
Sector
Head Quarters
CEO
Website
SIC Code
$240 million
Women’s Apparel
W. Bridgewater, Massachusetts
David Myles
chadwicks.com
metrostyle.com
casuallivingusa.com
5961
Compass Automotive Group
Yes, we actually own an auto component supplier
that has remained healthy amid the worst
industry collapse in history. Compass Automotive
is a company Monomoy built out of four
underperforming businesses in the automotive
supply chain. Compass makes the metal
components that allow you to steer and stop your
car, including steering knuckles, steering wheels
and steering columns. Compass supplies nearly
every automotive company in North America
with lightweight parts made of aluminum
and magnesium, which makes cars more
fuel efficient. We saved Compass from the
automotive collapse through the relentless
application of lean manufacturing and cost
reduction. The company’s focus on highlyengineered,
safety-critical auto components
ensures that it is well-positioned to prosper as the
industry recovers.
Sales
Sector
Head Quarters
CEO
Website
SIC Code
$110 million
Automotive Parts
Franklin, Indiana
Jim Squatrito
compassautogroup.com
3363
Fortis Plastics
“I want to say one word to you. Just one word.
Plastics.” By that, we mean Fortis Plastics LLC, a
custom plastic molder that provides compounding,
molding and tool making solutions to customers
in the appliance, furniture, building products, and
medical device industries. Monomoy created Fortis
from a collection of neglected assets: a division of
a large public company, a bankrupt plastic molder,
an underperforming Mexican competitor and a
struggling resin compounder. All four businesses
were hit hard by the downturn in manufacturing in
2008 and 2009 and provided us with an opportunity
to build a sizeable plastic molder that will benefit
from higher volumes in an economic rebound. In
less than a year, we consolidated twelve facilities
into eight core operations and completed two
add-on acquisitions that dramatically improve
the product offering. While the recession has
decimated the plastics industry, Fortis is growing
and making money.
Sales
Sector
Head Quarters
CEO
Website
SIC Code
$110 million
Plastic Molder
South Bend, Indiana
Joe Mallak
fortisplasticsgroup.com
3081 and 3089
142 West 57th Street, 17th Floor New York, NY 10019 p 212. 699. 4000 f 212. 699. 4010 w www.mcpfunds.com

Investments
Hess Industries
Hess makes the machines that make other
machines. An important provider of equipment
solutions to Fortune 100 manufacturers, Hess
systems build and assemble wheels for cars and
trucks, form and strengthen metal parts for home
appliances, and automate the production of
consumer goods. This investment excites us for a
couple of reasons: Monomoy has deep experience
in the capital equipment industry, and Hess has
very few competitors. In the course of four years,
we consolidated three Hess business units into a
single company, reduced waste, and introduced
professional management to a family-owned
company. We also provided Hess access to some
of the world’s fastest growing markets: Asia
and South America. With a new engineering
and assembly facility in India and a sales office
in China, Hess is a major player in Asia and is
enjoying its strongest financial performance and
backlog of orders.
Sales
Sector
Head Quarters
CEO
Website
SIC Code
$40 million
Capital Equipment
Niles, Michigan
Roxanne Lauer
hessindustries.com
3542
HTPG
Anyone who has shopped in a supermarket or
picked up a cold drink from a convenience store
knows HTPG, our most recent acquisition. The
Heat Transfer Products Group makes refrigeration
components and equipment used by food
retailers and restaurants, sports arenas and
warehouses, blood banks and pharmaceutical
companies. With HTPG, we saw the opportunity
to work with a 50-year-old, profitable segment
leader with exceptionally strong identities among
its four component brands: Russell, Witt, Kramer
and ColdZone. Customers love their quality, and
they are number one or number two in every
core segment they serve. HTPG has the fastest
lead times in the industry, and derives significant
advantage from its global reach and longstanding
customer relationships. Despite historical
underinvestment by its much larger parent, the
company has always been profitable. Monomoy
contributed its expertise to refresh marketing and
implement lean savings, and created a stronger
support system that enables HTPG to continue
doing what it has done so successfully for half
a century.
Sales
Sector
Head Quarters
CEO
Website
SIC Code
$90 million
Comm. Refrigeration
Brea, California
John May
www.htpgusa.com
333415
Katun Corporation
Katun helps businesses save money on printing
and copying expenses with low-cost replacement
toner, printer cartridges and copier drums. As the
pioneer of the aftermarket accessory space
for printers and copiers, Katun maintains the
dominant brand name and market share of
off-brand accessories in the world. The company
designs and engineers its products in the United
States, sources them in Asia and sells them to over
18,000 customers in 150 countries. These – along
with Katun’s unique products and global reach –
were the key reasons for Monomoy’s acquisition.
With our help, Katun has consolidated distribution
centers and sales offices, improved product mix and
introduced exciting new products. The company
has also introduced a web-based selling program
and reduced inventory across its global network
from Amsterdam to Argentina. So, if you want to
save money on printer and copier costs, check out
Katun’s products at kolc.katun.com.
Sales
Sector
Head Quarters
CEO
Website
SIC Code
$260 million
Copier Accessories
Minneapolis, Minnesota
Carlyle Singer
katun.com
5044 and 5112
142 West 57th Street, 17th Floor New York, NY 10019 p 212. 699. 4000 f 212. 699. 4010 w www.mcpfunds.com

Investments
Kurz-Kasch
When Monomoy acquired Kurz-Kasch, it was a
troubled and non-core division of a large public
company – which obscured its enviable status as the
worldwide leader in manufacturing electromagnetic
components for heavy-duty diesel fuel systems. The
company also makes high-grade thermoset plastic
parts and can mold nearly any part required by any
industry. Within a year of our acquisition, we added
McLean Vehicle Systems and Macon Coil to grow
the company’s specialized, high-margin component
business. We have consolidated ten Kurz-Kasch
facilities into three locations in Ohio, substantially
reducing operating costs and improving quality.
Today, Kurz-Kasch is a critical supplier to original
equipment manufacturers in a wide range of
industries. It remains profitable despite the collapse
of the basic vehicle market and well positioned to
out-perform in an economic recovery.
Sales
Sector
Head Quarters
CEO
Website
SIC Code
$50 million
Electromagnetic Parts
Dayton, Ohio
Jim Sampson
kurz-kasch.com
3089
SRC
Once a non-core division of Compass Automotive
Group (another Monomoy company), SRC is the
world’s leading producer of fused magnesium flux,
a critical chemical component in the production
and recycling of magnesium and aluminum alloys.
SRC also processes and resells magnesium
chloride – MgCl2, for those who remember
their high school chemistry – for a wide range of
applications, including the production of tofu.
Spinning SRC into a standalone business has
enabled us to focus on continued cost reduction,
inventory management and sales growth. While
currently our smallest investment, SRC has
strong relationships with its largest suppliers and
customers and can serve as a platform for further
acquisitions in the specialty chemicals space. SRC
has performed well as an independent company
and continues to grow.
Sales
Sector
Head Quarters
CEO
Website
SIC Code
$6 million
Chemicals
Cleveland, Ohio
Bill Strohlein
srcrossborough.com
2819
142 West 57th Street, 17th Floor New York, NY 10019 p 212. 699. 4000 f 212. 699. 4010 w www.mcpfunds.com