F.N.B. Capital Corporation Case Study
Corporate Divestiture

Viking Platic 

Viking Plastics: Cory, PA The CEO of this Cory-based plastic injection molder contacted F.N.B. Capital to provide a portion of the necessary funding needed to purchase this company from its corporate parent, a U.S.-based plastics conglomerate.

Actions

  • The mezzanine debt provided by F.N.B. Capital completed the funding raise needed to consummate the acquisition and allowed the C.E.O. to take full control of his business unit, with a substantial investment by management.

Results

  • Viking Plastics has successfully implemented several process improvement and profitability enhancement strategies since the acquisition, which have bolstered performance.
  • The results-driven C.E.O. continues to provide leadership and has helped his team of highly motivated individuals uncover new opportunities for the Company and diversify its revenue base.
  • F.N.B. Capital continues to provide strategic support by introducing additional revenue opportunities to the company.