The Ontario Teachers’ Pension Plan (Teachers’) is acquiring U.S.-based Plano Molding Company, Inc., a supplier of outdoor sports storage systems.

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. Teachers’ is buying the company 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.”

Copyright © 2020 Transcontinental Media G.P. Originally published on benefitscanada.com

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