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Monroe Capital Supports the Merger of Synthetic Lumber Makers Recycled Plastics Industries and Highwood USA
Wednesday 13 October 2021

US-based boutique asset management firm Monroe Capital LLC acted as administrative agent and sole lead arranger on the funding of a senior credit facility to support the merger of US-based synthetic lumber makers Recycled Plastics Industries, LLC and Highwood USA, LLC by private equity sponsors, Kaho Partners and Nassau Point Investors, the firm said.

The company will operate under the name Premier Outdoor Living.

Founded in 1989 and headquartered in Green Bay, Wisconsin, RPI is a manufacturer of synthetic lumber used in outdoor applications.

Founded in 2004 and headquartered in Hometown, Pennsylvania, Highwood is a manufacturer of branded synthetic wood products.

Highwood's products include synthetic lumber, synthetic spa products, and synthetic outdoor furniture.

The merger and formation of Premier Outdoor Living creates a national manufacturer of synthetic outdoor building products and synthetic outdoor furniture.

Monroe Capital LLC is a boutique asset management firm specializing in private credit markets across various strategies, including direct lending, asset-based lending, specialty finance, opportunistic and structured credit, and equity.

Since 2004, the firm has been providing capital solutions to clients in the US and Canada.

The firm is headquartered in Chicago and maintains offices in Atlanta, Boston, Los Angeles, Naples, New York, San Francisco and Seoul.
Date Published: 13/10/2021