JZ Capital Sells Justrite Manufacturing Investment For USD21.4 Million

Tue, 17th Nov 2015 09:48

LONDON (Alliance News) - JZ Capital Partners Ltd, a London-listed investor in US and European microcap companies and US real estate, on Tuesday said it has sold its investment in Justrite Manufacturing Company for USD21.4 million.

Justrite manufactures products designed to help workers store, transfer, use and dispose of hazardous materials safely.

JZ Capital Partners invested USD6.1 million in Justrite in June 2011. it acted alongside an investor group led by the US private equity arm of Baird Capital.

"Proceeds from the sale will allow the company to take advantage of the healthy pipeline of opportunities to acquire high quality companies and real estate assets at reasonable prices, and build on its track record of delivering attractive long-term returns for our investors," David Zalaznick, founder and investment adviser, said in a statement.

Shares in JZ Capital were untraded on Tuesday morning.

By Samuel Agini; samagini@alliancenews.com; @samuelagini

Jz Capital