Teachers’ acquires Plano Molding Company, leading supplier to the outdoor … – Sacramento Bee

TORONTO, Nov. 28, 2012 — /PRNewswire/ – Ontario Teachers’ Pension Plan
(Teachers’) today announced an agreement for the acquisition of Plano
Molding Company, Inc. (Plano), the premier supplier of outdoor sports
storage systems.

Based in Plano, Illinois, and founded in 1932, Plano is recognized as
the leading brand in fishing and fall sports markets where it enjoys
dominant market shares in tackle boxes, bait storage, gun cases,
archery cases, and ice fishing products. It also produces cases for
cosmetics, tools and crafts, as well as storage containers and shelving
for home and office.

Teachers’ is making the acquisition through its private equity
investment division, Teachers’ Private Capital (TPC). Terms of the
transaction are not being disclosed.

“Plano has exceptionally strong brands and product categories supported
by attractive market characteristics. It also benefits from its
long-standing relationships with top North American retailers,” said
Jane Rowe, Senior Vice-President of TPC.  “Plano’s proven management
team has a record of solid organic growth and has strongly positioned
the company to benefit from acquisition opportunities. We look forward
to supporting their success.”

“The Plano management team and I are extremely excited to be partnering
with Teachers’,” stated Tom Hurt, the Company’s President and CEO.
“Together we look forward to growing Plano’s heritage brands to their
full potential and continuing our dedication to exceeding our customer
expectations in product innovation, market leadership and world-class
customer service.  An exciting new journey has just begun for Plano,
our valued associates and the many market leading brands under our
umbrella.  The Teachers’ partnership in Plano promises to yield more
exciting opportunities than ever before.”

TPC activities include leading deals on a sole or partnered basis,
investing in private equity funds in markets and sectors that it cannot
efficiently access directly and co-investing with other like-minded
private equity funds. TPC manages a global portfolio valued at
approximately $12 billion.

About Teachers’
With $117.1 billion in assets as of December 31, 2011, the Ontario
Teachers’ Pension Plan is the largest single-profession pension plan in
Canada.  An independent organization, it invests the pension fund’s
assets and administers the pensions of 300,000 active and retired
teachers in Ontario. For more information visit www.otpp.com

SOURCE Ontario Teachers’ Pension Plan