The Ontario Teachers' Pension Plan (OTPP) has acquired U.S.-based outdoor sports storage system maker Plano Molding Company Inc.
The financial terms have not been disclosed.
Founded in 1932, Plano, Ill.-based Plano Molding has an in-house molding operation to manufacture organizational products for fishing and hunting enthusiasts as well as a variety of consumer applications. The company is said to be one of the leading fishing tackle box and tackle storage system brands worldwide.
“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 OTTP. “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.”