Dallas, Texas – June 4, 2019 – Sky Island Capital (“Sky Island”), a Dallas-based lower middle market private equity firm, is pleased to announce that its portfolio company, Material Sciences Corporation (“MSC”), has acquired Alum-A-Fold Pacific, Inc. (“AFP”). Headquartered in the Los Angeles area, AFPproducesspecialty coated metals that are engineered to address aesthetic, architectural, andcorrosionneeds for a wide variety of end markets, including building products, packaging, and consumer goods.
“We are extremely excited to add AFP’s capabilities to MSC,” remarked Jack Waterstreet, the Managing Partner of Sky Island. “MSC has had a great track record of integrating add-on acquisitions in the past and we believe that AFPwill be another great addition to the MSC platform.”
“AFP’s strategically located facility in the Los Angeles areawill expand our geographical reach and allow us to better serve West Coast customers,” stated Pat Murley, Chief Executive Officer of MSC. “We agreed to partner with the Sky Island team toreinvigorate our add-on acquisition effortsand we are very happy that in just a few months we have already been able to add AFP to our company. We look forward to continuing to build MSC alongside Sky Island.”
Sky Island(www.skyislandcap.com) is a lower middlemarket private equity firmbased in Dallas, Texas thatmakes control investments in strategically viable North Americanmanufacturing companies that exhibit transformational upside potential. Sky Island has over $100 million of assets under management and focuses on situations where it candraw upon its deep operational experience to support senior management in driving significant value creationthrough operational and strategic partnership, including add-on acquisitions.Sky Island is comfortable with and has a history of executing transactions with complex dynamics,including corporatecarve-outs, public to privates,family-owned businesses, lender-controlled businesses,management buyouts, and other special situations.
Material Sciences (www.materialsciencescorp.com) produces advanced materials and specialty coated metals that are engineered to address lightweighting, noise, vibration, and harshness (“NVH”), corrosion, architectural, and aesthetic needs for a wide variety of end markets including transportation, building products, packaging, and consumer goods. Headquartered in metro Detroit, Michigan, Material Sciences has production facilities in Elk Grove Village, Illinois, East Chicago, Indiana, Walbridge and Canfield, Ohio, City of Industry, California, and Toronto, Ontario.
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