Posted byStrait Lane
DALLAS, TX – September 30th, 2015 – Strait Lane Capital Partners, LLC (SLCP) a privately held investment firm, is pleased to announce it has acquired Griswold Corporation. Griswold is a leader in the development, formulation, and manufacturing of continuous rolls of high performance polymers.
Dan Mahoney, Griswold’s Chief Executive Officer, said “After over 35 years of current ownership, the management team and employees of Griswold Corporation are pleased to announce the sale of the Company to Strait Lane Capital Partners of Dallas, TX. We have had an exciting past and look forward to an even more exciting future with our new owners.”
Henry Hortenstine, Executive Director of SLCP, said “We are pleased to partner with Dan Mahoney and his management team. We were impressed by the company’s long term customer relationships, by its collaborative approach to product innovation and its growth prospects. Griswold is a quality company with a quality management team.”
Texas Capital Bank, provided debt financing for the transaction. According to Bill Rolley, SVP at Texas Capital Bank, “We have enjoyed our longstanding relationship with Strait Lane Capital and are pleased to support this acquisition.”