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Eigen Capital Announces Acquisition of Plews, Inc.

Private equity firm Eigen Capital leads the completion of the acquisition of Dixon, IL-based Plews, Inc., dba Plews & Edelmann, from British industrial conglomerate Tomkins plc.

Palo Alto, Calif. and Dixon, Ill. -- Private equity firm Eigen Capital leads the completion of the acquisition of Dixon, IL-based Plews, Inc., dba Plews & Edelmann, from British industrial conglomerate Tomkins plc.

Plews & Edelmann, founded over 100 years ago, has a long established history and a diverse customer base of several thousand customers in the automotive aftermarket, industrial, marine, heavy-duty, hardware and home improvement markets. Plews & Edelmann products include power steering hose assemblies, precision-engineered brass fittings, air accessories, air hoses, tire repair, tire hardware, tire gauges, lubrication equipment, and lubrication greases, oils and sprays. The company’s products are sold under the recognized brands of Amflo®, Camel®, Tru-Flate®, Syracuse®, Edelmann®, LubriMatic® and the innovative, environmentally-friendly, high-performance lubricant, UltraLube®.

“We’re thrilled with the customer relationships that the company brings, most of which go back decades,” said Eigen Capital’s Partner Christophe Mallard. “It is a very high-quality asset that exhibits both the kind of undisputable market leadership and product expertise that you would expect from a long-established business, as well as an extraordinarily innovative mindset, evidenced in particular in the unique growth potential of the UltraLube biobased lubricants. We see tremendous opportunities and look forward to working with Plews’ current, high-caliber management team and all of the highly skilled employees to take the company to ever greater achievements”.

“This is an exciting new chapter that is being written for Plews,” said Steve Venghaus, President of Plews, Inc. “There is a lot of history here, and our expertise is the best possible foundation to keep serving our customers to the satisfaction of all. From the beginning, we felt the team at Eigen with their no-nonsense approach was the right one to support our plans to aggressively focus on growth and new product development like our UltraLube biobased lubricants.”

Eigen Capital
Eigen Capital (pronounce “eye-gun”) is a private investment firm focused on acquisitions of divisions or subsidiaries from large corporations. The firm partners with strong management teams and creates value in its investments through a combination of organic growth and acquisitions. The firm is committed to creating value for all constituents of a transaction: customers, suppliers, employees, and shareholders.

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