Selected Portfolio Investments
Stolle Machinery Company, LLC (“Stolle”) is the world’s leading producer of capital equipment and spare parts and services to the rigid packaging industry. The Company’s products are used by customers including Ball Corporation, Rexam, Crown and Anheuser Busch to produce two piece aluminum beverage cans and ends as well as food cans and ends.
American Industrial Partners purchased Stolle in January of 2004. AIP in partnership with Stolle management has completed the following initiatives during AIP’s ownership of Stolle:
- Created standalone business by separating Stolle from its former corporate parent, Alcoa, Inc.
- Consolidated industry through purchase of Sequa Can
- Rationalized redundant costs and facilities following Sequa Can acquisition
- Increased aftermarket penetration
- Accelerated Asia and Middle East revenue growth opportunities
- Implemented firm wide ERP system
- Developed global procurement savings plan
AIP exited its investment in Stolle in September 2006 through a sale to Littlejohn & Co.
.