Investing in Manufacturing Companies

Although important trends are changing the global landscape for manufacturing, sometimes “it’s better to be a follower than to be a leader” in chasing these trends with investment theses, according to TJ Maloney, President of New York-based buyout fund Lincolnshire Management. In a Privcap interview, Maloney gives an overview of the changing US manufacturing sector and how his firm approaches investing in companies with manufacturing operations. He also describes investments in two portfolio companies – True Temper, which makes golf club shafts, and National Pen Company.