Matri Holdings has acquired Ammex Plastics

Copper Run advised Matri Holdings, Inc. (“Matri”), Echo Engineering and Production Supplies, Inc. (“Echo”) – headquartered in Indianapolis, Indiana, Echo is a portfolio company of Matri, a private investment company specializing in acquisitions of manufacturing and/or distribution businesses.

Kingdon Offenbacker, CEO of Matri and Echo commented, “This is just one milestone for Echo and helps us continue to build and focus our capabilities. Copper Run found Ammex for us, helped negotiate the LOI, source financing, and otherwise close the deal. We appreciate the extraordinary level of commitment displayed by Copper Run, who guided us through this important transaction with professionalism, thoughtful advice, and a great understanding of our goals.”

“Echo is an exceptional specialty manufacturing company that Copper Run is proud to have advised,” said Andy Hays, Managing Partner at Copper Run. “We thoroughly enjoyed working together with Matri and Echo’s team and talented management team to deliver this exciting step in their growth with the addition of Ammex.”

Ammex Plastics is an ISO 16949/TS 16949:2009 registered full-service manufacturer of custom plastic components for the automotive industry in Monroe, Michigan. Ammex was targeted as a tuck-in acquisition for Echo.

Echo Holdings, headquartered in Indianapolis, Indiana with additional locations in Monroe, Michigan; Milpitas, California, and Guadalajara, Mexico is an industrial solutions business providing expert design & engineering services, comprehensive manufacturing processes, real-time supply chain management, and meticulous quality assurance. Echo sells plastic, rubber, and adhesives, both direct and indirect product, into several industries including automotive & mobility, agriculture, power sport & recreation, marine, electronics, and other manufacturing sectors.