$26.29 million equity placement completed by Citadel Plastics

citadel plastics Citadel Plastics disclosed raising $26.29 million as part of a non-brokered equity private placement. One investor acquired the securities a little over a week ago. Two previous unregistered financing rounds raised an estimated $807,000.

The company is a developer and manufacturer of thermoplastics as well as engineered composites for a wide range of industries spanning appliances to healthcare. The company operates a “buy and build” strategy backed by HGGC and Charlesbank Capital Partners.

The company was registered in 2012 and has its headquarters located in West Chicago IL. Citadel Plastics elected to keep its revenues undisclosed.
The executive team includes Dennis M Loughran, Gregory Knipp and Michael W Huff.
The board of directors includes Andrew S Janower, Brandon C White, Gary L Crittenden, Hudson D Smith, James L Learner and Kurt A Krieger.

The company has raised an estimated total of $27.1 million via private unregistered security offerings.
In addition, Citadel Plastics also disclosed issuing in the past an estimated $2.06 million worth of securities in connection with an M&A transaction.

Citadel Plastics is registered under the name Citadel Plastics Holdings.

Offering recap
Status: Completed
Company: Citadel Plastics
Industry: Other
Amount offered: $26.29 million
Amount placed: $26.29 million
First sale: 11-05-2014
Data as of: 11-05-2014

For more information visit www.XDATA.co


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