Artemis Transaction Advisors Advises Victrex on Sale of Kleiss Gears to The Heico Companies
Utilizing our expansive network allowed us to identify the ideal buyer to acquire Kleiss Gears from Victrex. The transaction opens mutually beneficial opportunities for the long-term growth of the three companies involved.
- John Lahti, Managing Diretor
On 7 August 2026 [Grantsburg, WI] —Victrex plc (LSE: VCT) (“Victrex”), an innovative world leader in high-performance polymer solutions, completed the divestiture of its Kleiss Gears, Inc. business ("Kleiss") to The Heico Companies, LLC ("Heico"), a Chicago-based, family-owned diversified holding company. Kleiss is a precision molding and manufacturing company specializing in high-precision injection molding, micromolding, and plastic gear molding. Artemis Transaction Advisors served as exclusive investment banker to Victrex on the transaction.
Kleiss was founded in 1995 and was acquired by Victrex in 2015. Based in Grantsburg,
Wisconsin, the company manufactures tight-tolerance polymer
components using PEEK and other engineered resins for customers in
the medical, industrial, and technology markets. Following the
transaction, the business will operate as Kleiss High Precision, LLC
and will join the Plastics Segment of Heico's Industrial Technologies
Group. Kleiss will continue to operate from its Grantsburg facility.
The transaction places
Kleiss with a long-term owner that has deep experience in plastics
and precision manufacturing. As part of Heico, Kleiss will have
access to additional resources to support investment in capabilities,
capacity, and customer growth.
John Lahti, Managing Director and Head of Industrials at Artemis, led the transaction and was supported by Padraig McEnery. "The divestiture of Kleiss allows Victrex to sharpen its focus on its strategic priorities." said Lahti. "We’ve known Heico for years and believe it is the ideal buyer to unlock all the untapped potential residing in Grantsburg."
For more information, please contact:
John Lahti,
Managing Director
Artemis Transaction Advisors, LLC
About Kleiss High Precision
Kleiss High Precision, LLC, formerly Kleiss Gears, Inc., is a precision molding and manufacturing company based in Grantsburg, Wisconsin. Founded in 1995, the company specializes in high-precision injection molding, micromolding, and plastic gear molding, producing tight-tolerance polymer components from PEEK and other engineered resins for medical, industrial, and technology markets.
About The Heico Companies
The Heico Companies, LLC is a family-owned, diversified holding company founded in 1979 by Michael Heisley. Heico operates business units in 19 countries on five continents through four platforms: Applied Solutions Group, Industrial Technologies Group, Construction Solutions Group, and Metal Processing Group. Heico is based in Chicago.
About Victrex
Victrex is an innovative world leader in high-performance polymer solutions, focused on the end markets of Aerospace and Defence, Automotive, Electronics, Energy & Industrial and Medical. Every day, millions of people use products and applications which contain our performance materials - from smartphones, aircraft and vehicles to energy production and medical devices. With over 45 years' experience, we develop world leading solutions in PEEK based polymers which shape future performance for our customers and our markets, driving value for our shareholders. Find out more at www.victrexplc.com. Victrex is headquartered in Thornton-Cleveleys, United Kingdom, and is listed on the London Stock Exchange (LSE: VCT).
About Artemis Transaction Advisors
Artemis Transaction Advisors is a boutique investment banking firm specializing in mergers and acquisitions, recapitalizations, and financial advisory services. The firm provides tailored solutions to middle-market businesses, helping them achieve their strategic goals. Artemis is based in Chicago, with additional offices in Atlanta and Dallas.
