MCM closes on OMCO Corporation
December 1, 2000, Cleveland, Ohio – On December 1, 2000, MCM Capital Partners, L.P., a private equity firm based in Cleveland, Ohio, in partnership with management completed the recapitalization of The Ohio Moulding Corporation (“OMCO”), headquartered in Wickliffe, Ohio.
OMCO (www.omcoform.com) is one of North America’s leading manufacturers of roll-formed structural carbon and stainless steel products in North America. OMCO’s core strength is in the transportation field producing a variety of roll-formed components for trucks, trailers and truck bodies. The Company has diversified its business over the past five years to serve many other industries including, Materials Handling Products, People Moving Systems (e.g. elevators, escalators), Point of Purchase Displays, Domestic Containers, Conveyor Track, and Pallets. The Company is recognized in the marketplace for its customer service, manufacturing capabilities that are strategically located in Pennsylvania, Indiana and Canada and its ability to provide its customers one-source procurement capabilities by carrying an extensive inventory of ready-made, standard structural shapes.
The process of roll forming is a method of feeding sheet steel (and other metals) from continuous coils through a series of rollers to form the processed steel into various shapes and configurations, primarily structural sections. The advantages to roll-forming over other well-known methods to process steel, such as Press Braking or Stamping, include the ability to manufacture standard, as well as complex, structural shapes of any length in a more cost effective manner. In addition, roll formed products maintain a greater precision and consistency than available through other processes. OMCO’s manufacturing capabilities enable it to roll-form products in thickness up to .375 inch, widths to 30 inches and any lengths required by its customers.
“After 45 years of being a family owned enterprise, OMCO begins a new chapter with a new ownership structure in place that includes the company’s key managers as well as a professional and business minded equity partner, MCM Capital Partners” according to Ed Gleason, President and CEO of OMCO.
MCM is a Cleveland, Ohio-based private equity investment firm with origins dating back to 1979, whose principals include nationally recognized CEO’s of public and private companies with proven track records of building and managing successful companies. MCM invests in niche middle-market companies that are well regarded within their respective industry and whose management teams have demonstrated a track record of achieving growth. Our long-term investment philosophy is to enhance management’s ability to grow companies by providing growth capital in concert with access to strategic human resources.