Clarion Technologies, Inc. (“Clarion”), headquartered in Grand Rapids, Michigan, is a full-service injection molder. Clarion supplies injection molded plastic parts to customers in three primary industries: consumer goods and appliances, automotive and office furniture. In each of these markets, Clarion aims to serve large customers with multi-year programs. Sales efforts in Clarion’s consumer and appliance are generally aimed at OEMs such as Frigidaire, Maytag, and American Yard Products. In the automotive industry, Clarion focuses on serving Tier 1 automotive suppliers such as Visteon, Delphi, Magna, JCI, and Lear.
Merit provided subordinated debt with warrants to finance Clarion’s acquisition program.