CW Industrial Partners buys Mantaline Corporation

March 12, 2024 – Cleveland-based private equity firm, CW Industrial Partners (“CWI”), announced that it has acquired Mantaline Corporation (“Mantaline”), marking its first platform investment in 2024.

Headquartered in Mantua, OH, with additional manufacturing facilities in Hiram, OH, San Antonio, TX, and Monterrey, Mexico, Mantaline is a leading manufacturer of highly engineered extruded elastomeric products such as seals, protectors and insulation used in diversified, industrial end markets. Mantaline boasts a 60+ year track record of offering a comprehensive array of rubber and plastic products to a loyal, blue-chip customer base.

“We are thrilled to announce the acquisition of Mantaline” said CWI Partner, Matt Lombardo. “Mantaline’s technology, engineering and operational excellence, coupled with industry leading products, sets the foundation for a strong platform for growth.  We are excited to partner with, and support, Mark Trushel, the Mantaline management team and employees with the achievement of their long-term strategy.”

“We are excited to transition from an ESOP-owned business to partnering with CW Industrial Partners given the firm’s industry expertise and demonstrated ability to identify and drive growth opportunities across industrial manufacturing businesses. CWI is an ideal partner for Mantaline given their focus on plastics and polymer businesses and strong operational acumen,” said Mark Trushel, Mantaline CEO.

Mezzanine financing and equity were provided by PNC Mezzanine Capital. Senior financing was provided by Premier Bank.  CWI was advised by Calfee, Halter & Griswold on the transaction.

About Mantaline Corporation

Mantaline is a leading manufacturer of customized, extruded elastomeric profiles for the automotive, heavy truck and industrial markets headquartered in Mantua, OH, with additional manufacturing facilities in Hiram, OH, San Antonio, TX, and Monterrey, Mexico. The Company has a proven track record of growth, since its founding in 1964, through new product development and capability / facility expansion. For more information, visit https://www.mantaline.com/

About CW Industrial Partners

CW Industrial Partners (“CWI”) is an industrial focused private equity firm. Based in Cleveland, OH, CWI acquires lower-middle market companies in manufacturing and industrial service sectors and provides capital, support, and freedom to grow. Founded in 1999, the firm’s investors are primarily successful entrepreneurs and executives who contribute to the evaluation and investment process.