DES PLAINES, Ill.--(BUSINESS WIRE)--Radial Equity Partners (“Radial”) today announced an investment in Plasticade, a leading manufacturer of traffic safety and signage products.
Founded in 1954, and headquartered in Des Plaines, IL, Plasticade offers a broad portfolio of products such as barricades, channelizers, signage and speed bumps to maximize safety for the public and workers in construction areas, including MASH-approved roadway work zone products; recycled rubber traffic and safety products; and innovative signage solutions for business advertising and promotion. The company also manufactures and markets HVAC products under the American Louver® brand.
In conjunction with Radial’s investment, long-time Chairman and shareholder, Geoff Glass, will retire after 40 years of dedicated service to the company. “This partnership with Radial marks the start of an exciting new era for Plasticade, positioning the company for even greater growth and success going forward,” said Geoff Glass.
David Foy, CEO of Plasticade, said, “We are immensely grateful for Geoff's unwavering commitment and dedication over the years. We are confident that partnering with Radial will provide us with resources and support to accelerate our growth and expand our position in the markets we serve.”
“Plasticade has demonstrated a commitment to providing best-in-class solutions and outstanding customer service,” said Keith Zadourian, Partner at Radial. “We are excited to partner with the Plasticade team to build on the company’s strong foundation, driving innovation and growth while delivering exceptional value to our customers.”
About Plasticade:
Plasticade is a leading manufacturer of traffic safety and signage products as well as HVAC products under the American Louver® brand. The company makes exceptional products that make a visible difference for those who rely on them and offer remarkable value for those who buy them. More information about Plasticade is available at www.plasticade.com.
About Radial:
Radial is a private equity firm focused on investing in middle-market businesses serving consumer and industrial markets. Radial invests in businesses where the firm can apply relevant prior experience and a network of industry relationships to support its management teams. More information about Radial is available at www.radialequity.com.
