Manufacturing Group Acquired by Blue Point Capital Partners

The manufacturing group of Ritus Corporation, Vanseal Corporation, and Classic Molding acquired by Blue Point Capital Partners.

Blue Point Capital Partners (BPCP) has acquired VRC, a maker of rubber, plastic and sealing components, from Corporate Group, a Milwaukee-based private equity firm. Corporate Group spun off the manufacturing group to BPCP but has retained a minority interest in the companies.

John LeMay and Jonathan Pressnell led the transaction for Blue Point. Blue Point has been in this sector before through Quality Synthetic Rubber, a Twinsburg, OH-based maker of molded silicon rubber components which it sold in July 2012 to Lexington Precision, then a portfolio company of Industrial Growth Partners.