ZERO Introduces New Ownership - Protostar Partners
North Salt Lake, UT (June 23, 2008) – ZERO Manufacturing, Inc. has been recapitalized effective June 23rd. 2008. As part of this recapitalization process, Protostar Partners has replaced Blue Point Capital as our equity finance partner. Protostar Partners was founded in 2001 and is based in New York City.
Protostar is an operationally focused private equity firm that invests in middle-market industrial and consumer goods companies. Protostar’s principals have cumulatively managed over $750 million of committed capital and have invested in over 50 companies.
Our strategy for ZERO remains the same. We are focused on profitable growth through development of our core capabilities, products and markets while identifying high growth markets. We expect continuous improvement in all aspects of our business and plan to continue to invest the business as required to support our growth and improvement.
Protostar is dedicated to supporting ZERO’s strategy in the same manner as Blue Point has done. There will be no change in the day-to-day operation or management of the companies. We look forward to working with Protostar as we continue our efforts to maximize the potential of our business and develop new opportunities for growth.
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About Zero Corporation: Zero Corporation, acquired in June 2008 by Protostar Partners, is comprised of Zero Manufacturing, Inc. and Zero Cases (UK) Ltd. Zero Corporation, based in North Salt Lake, Utah, is the home of Zero Manufacturing, Inc., the world-class manufacturer of both aluminum and plastic protective cases, containers and assemblies for the aerospace, industrial, medical, electronics and telecommunications markets.
Zero Cases (UK) Ltd., based in Birmingham, United Kingdom is strategically located in the center of the United Kingdom representing the entire line of Zero products and services. With years of manufacturing experience in the case and enclosure market, Zero Manufacturing, Inc. and Zero UK collectively provide innovative and comprehensive solutions that meet the unique demands of the European market - solutions including everything from deep drawn aluminum components and cases to rotationally molded and thermoformed protective cases, containers and enclosures.
Protostar Partners was founded in 2001 and is based in New York City. Protostar is an operationally focused private equity firm that invests in middle-market industrial and consumer goods companies. Protostar’s principals have cumulatively managed over $750 million of committed capital and have invested in over 50 companies.