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June 13, 2016
Woodbridge International, a global mergers and acquisitions firm, is pleased to announce the acquisition of a controlling interest in its client, Casual Living Unlimited, LLC and its affiliate Trigon Plastics, (“the Company”) by Argosy Private Equity.
Founded in 2004, Casual Living is headquartered in New Holland, Pennsylvania and is a leading manufacturer of high-end 100% recycled poly-resin outdoor furniture and accessories. The Company markets its collection of products throughout the U.S. and in parts of Europe under the brand name “Breezesta™”. Trigon Plastics, which is located in Newmanstown, Pennsylvania, recycles post-consumer plastics and manufactures the poly-lumber used in the production of Casual Living furniture. Jim Allgyer, the founder of both businesses, will remain with the Company and serve as a board member post-closing.
Wayne, Pennsylvania-based Argosy Private Equity, part of Argosy Capital, invests in lower-middle market U.S. companies in a variety of industries.
“We are very excited to partner with Argosy, a firm that among other things, shares our values and commitment to our customers, as we continue to grow and expand our business,” said Mr. Allgyer.
Woodbridge is focused on providing world-class M&A services to companies with $5 million-$100 million in annual revenue. The firm’s unique M&A Without Borders® approach creates worldwide opportunities for sellers and buyers.