F.N.B. Capital Partners, along with JWI Capital and Squire Ridge, has acquired Allegheny Performance Plastics, aiming to leverage its capabilities in high-performance thermoplastics amidst a growing demand in automotive and aerospace industries.

Target Information

F.N.B. Capital Partners, L.P. (FNBCP) has teamed up with JWI Capital, LLC (JWI), Squire Ridge Company, LLC (Squire Ridge), and the management team to acquire Allegheny Performance Plastics, LLC (APP) from its parent company, Allegheny Plastics, Inc. APP operates out of Leetsdale, Pennsylvania, specializing in processing high-performance thermoplastics for advanced molded parts since the 1960s. The company has played a pivotal role in the industry's shift from metal components to plastic alternatives, particularly serving the automotive and aerospace sectors.

With decades of experience, APP has become known for its innovation in materials engineering and production efficiency, positioning itself as a leader in the transition toward sustainable materials in manufacturing. Through this acquisition, the investors seek to enhance APP's capacity for innovation and operational performance.

Industry Overview

The automotive and aerospace industries in the United States are increasingly focusing on lightweight materials, which has created significant demand for high-performance plastics. Over t