Summit, NJ: Pilot Hill Advisors is pleased to announce Robin Industries, Inc. ("Robin") an international manufacturer of custom molded products, has completed its ESOP buyout and the company is now 100% ESOP-owned. Pilot Hill Advisors was pleased to assist the company initiate its initial ESOP transaction and again advise on the financing and structuring of this second-stage buyout.
Started as a family-owned business in 1947, a large minority share of the company was sold to the ESOP in 2012. Having repaid its buyout debt ahead of schedule, the founding family shareholders tendered the remaining stock to complete the founders' goals of passing the business along to those who have helped it grow over all these years.
And grow it has. Robin employs nearly 500 workers in the United States, China and Mexico and continues serve the automotive, medical and industrial markets.
Congratulations to the founding-family members and best wishes to the leadership and team at Robin for continued success.