April 2012
Protective Industries, Inc. (d/b/a Caplugs) Acquires Shercon, Inc.

Windjammer Capital is pleased to announce that its portfolio company, Protective Industries, Inc. (“Caplugs” or the “Company”), has acquired Shercon, Inc.  Terms of the transaction were not disclosed. 
Shercon, headquartered in Cypress, California with additional manufacturing in Hangzhou, China, is a niche market leader of masking and finishing products, as well as rubber components, primarily used in high temperature, industrial applications.  Shercon offers standard and custom die cuts and molded rubber masking products to protect surfaces during industrial finishing processes such as painting and coating.  
Founded in 1948 in Buffalo, NY, Caplugs has been a leader in the product protection industry for over 60 years manufacturing caps, plugs, tubing, containers, edge liners, fasteners, netting, and masking products. The Company's line of protective products are used in a wide range of industries and are mission critical to its customers throughout manufacturing, transportation and storage. Caplugs operates through a global footprint of four manufacturing and distribution facilities strategically located on the East and West coasts of the United States and in China. The Company specializes in injection molding, vinyl-dip molding and plastic extrusion, producing approximately 2 billion pieces per year. 
 “The acquisition of Shercon brings together two leaders in the protective products and masking industries,” said Greg Tucholski, CEO of Caplugs. “The combination of our companies diversifies our product offering and significantly enhances the value we can provide to our customers. No other vendor can offer this broad and diverse portfolio of solutions to its customers” 
“Strategic growth through acquisitions are always a focus of the planning process with our portfolio companies,” said Greg Bondick, Managing Director of Windjammer Capital Investors, LLC.  “With the Shercon acquisition, Caplugs was able to grow in a complementary market as well as deepen its international capabilities. Caplugs will continue to seek acquisition opportunities to enhance its product offering and capabilities."
For additional information regarding Caplugs and Shercon, please visit their websites at and