Craig Homan had over 25 years of progressive experience in matters relating to the financial control of manufacturing plants and divisions, and as a CFO of publicly traded manufacturing companies. He had gained in-depth operational management experience of manufacturing companies, and in all aspects of the acquisition of manufacturing companies. After forming a Toledo-based automotive component group of manufacturing companies in 1997, he exited that business in 2004 and decided to relocate to South Carolina for lifestyle purposes.

Mr. Homan formed CH Industries, Inc. (CHI) and needed assistance with targeting, analyzing and financing possible acquisitions in the plastics manufacturing industry. He was referred by the Toledo, Ohio office of Source Companies, LLC to its affiliate in Charleston, South Carolina. There, Anthony Hardwick, a managing Director of Source, who also had considerable experience as a financial officer in acquiring and financing manufacturing companies, assisted CH Industries, Inc. complete its first acquisition of Easley Custom Plastics, Inc. (ECP), which was formerly known as McKechnie Plastic Components. ECP is a key player within the plastic injection-molding segment within a 250-mile geographic region. The Company operates from a large, modern facility comprising approximately 264,000 square feet of manufacturing and office space on 74 acres of land. At the time of the acquisition, ECP employed roughly 170 people.

 

This announcement appears as a matter of record only. October 2004

EXECUTIVE OFFICES
1606 Carmody Court, Suite 300
Sewickley, PA 15143
TEL: (724) 933-6600
E-mail: info@sourcecos.com

Visit our website at:
www.sourcecos.com

 

Return to Announced Transactions for 2004