One Equity Partners-backed Clayens Group to acquire Parkway Products from Heartwood Partners.

One Equity Partners-backed Clayens Group, a value-added outsourced contract manufacturer of high-performance polymers, agreed to acquire Parkway Products, a company that specializes in the molding of thermoplastics and high performance plastics, from Heartwood Partners, a middle market private equity firm. Financial terms were not disclosed. “These transactions are the result of strategic growth initiatives identified as part of our investment in Clayens in December 2022, proving OEP’s assessment of the company as a solid investment platform. The Parkway and Crystal Lake acquisitions give Clayens strategic scale in North America and further diversify its customer base and technical capabilities," Konstantin Ryzhkov, One Equity Partners Managing Director.