PHILADELPHIA, PA — BMI Mergers & Acquisitions this week successfully sold Bardot Plastics, Inc., a custom injection molding company based in Easton, PA, to New Pendulum Corporation, a family-owned portfolio specializing in manufacturing and industrial investments from Altoona, PA.
Bardot Plastics, founded in 1973 by J. Lee Boucher, has built a strong reputation for its dedication to quality and innovation. For over fifty years, the company has specialized in custom injection molding using both engineered and non-engineered resins. Their founding principle of “making it right the first time” has been a cornerstone of their operations, combining advanced engineering with high-volume production capabilities.
Clark Stapelfeld, President and CEO of New Pendulum Corporation, highlighted the cultural fit and operational alignment as key factors in the acquisition. “Bardot Plastics has built an excellent reputation with its customers, and much of that stems from the founding beliefs instilled by Lee Boucher and the continued stewardship by the Boucher family over more than fifty years. This acquisition is an excellent example of our investment philosophy,” he said.
The transaction, orchestrated by BMI Mergers & Acquisitions, attracted twelve offers, showcasing the high interest in Bardot Plastics. Rick and Jim Boucher, the previous owners, expressed their satisfaction with the process. “The whole process was amazing! From working with David and Tom to create the CIM to meeting with potential buyers, to receiving LOIs, and most importantly, to helping us find the right buyer that fit ours and our late father’s vision on where Bardot Plastics would go into the future,” they said.
The acquisition by New Pendulum Corporation aims to build on the legacy of Bardot Plastics, ensuring that the company’s commitment to quality and innovation continues under new ownership. This sale not only provides a strategic exit for the Boucher family but also aligns with New Pendulum’s investment strategy of acquiring companies with strong operational foundations and cultural synergies.
This transaction underscores the ongoing vitality and attractiveness of specialized manufacturing firms in the current market, highlighting the importance of preserving core values and operational excellence through ownership transitions.
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