American Plastics
| Company type | Private |
|---|---|
| Industry | Manufacturing, Distribution |
| Predecessor | Katy Industries, Inc. |
| Founded | 1967 |
| Founder | Wallace E. Carroll |
| Fate | Purchased by Highview Capital LLC and Victory Park Capital Advisors LLC; rebranded as American Plastics; sold in 2022 |
| Headquarters | United States |
Key people | David J. Feldman (CEO, 2013), William F. Andrews (Chairman, 2013) |
| Parent | None |
American Plastics, previously known as Katy Industries, Inc., functions as a holding company managing enterprises involved in the manufacturing and distribution of maintenance and electrical goods.
History
Incorporated under the Delaware corporation statutes in 1967, the firm traces its lineage to predecessor entities with histories extending beyond eight decades, including ownership of the Missouri–Kansas–Texas Railroad, which was divested to Union Pacific Corporation in 1988.
The company was established by industrialist Wallace E. Carroll. As of 2013, its board of directors featured CEO David J. Feldman, members of the Carroll family, and individuals from the private equity firm Kohlberg & Company, notably chairman William F. Andrews.
Following a Chapter 11 bankruptcy filing in 2017, the organization was purchased by Highview Capital LLC and Victory Park Capital Advisors LLC, subsequently rebranding as American Plastics. The new ownership consolidated it with Plastic Concepts and Centrex Plastics, before divesting the business to an undisclosed purchaser in July 2022.