Baird completes plastics components MBO

The Chicago based private equity group completes its purchase of Xaloy, a components manufacturer for plastic injection molding machinery.

Chicago-based Baird Capital Partners, the private equity arm of Robert W. Baird & Co., has completed its management buyout of Xaloy.


Terms of the deal were not disclosed, according to a press statement.


Xaloy manufactures process systems and components for plastics molding and extrusion machinery that is sold to original equipment manufactures and in the aftermarket to plastic processors. The Pittsburgh-based company, founded in 1929, has six plants in the United States, one plant in Thailand, and a sales and service subsidiary in Japan. Xaloy invented the bimetallic casting process that is currently used in the manufacture of its cylinder products.


“The strong market position, name recognition and the track record of the senior management, in conjunction with the growth opportunities within the plastic machinery markets in which the company competes made for an ideal fit for Baird Capital Partners,” Baird Capital partner Andrew Brickman said in the statement.


With funds in both the US and Europe, Baird’s private equity business manages approximately $1 billion in capital. Baird Capital Partners provides late-stage growth capital or change-of-control capital to middle-market companies in business services, industrial products and technology, communications, consumer, and healthcare/life sciences. Last month, the group completed the acquisition Akron, Ohio-based The Hygenic Corp., a manufacturer and marketer of branded and healthcare and fitness products.