05/13/2024, Lockport, Illinois (May 13, 2024) – NewCo Plastics, a dynamic platform formed by White Wolf Capital Group, has recently made a significant move in the plastics industry with its acquisition of Magenta LLC and its affiliated companies, Permian Plastics LLC, and MM Plastics LLC, collaboratively known as "Magenta". This strategic acquisition marks the third addition to NewCo’s growing portfolio.
Magenta and its subsidiaries specialize in offering a varied range of customized injection molding solutions to clients in sectors such as healthcare, personal care, biotechnology, chemicals, food & beverage, and many more. By bringing Magenta under its wing, NewCo is reaffirming its dedication to delivering essential manufacturing services to a diverse clientele spanning medical, personal care, pharmaceutical, and industrial sectors.
Bob Mallo of the Magenta group expressed his enthusiasm about this new chapter, stating, “We’re extremely excited to be joining NewCo Plastics. NewCo’s commitment to customer relationships, workforce development, and unwavering focus on manufacturing excellence perfectly align with our values. Through our combined efforts, we aim to expand our offerings and create more opportunities for our clients and employees.”
Jordan Earnheardt, Vice President of White Wolf Capital Group, also shared his optimism about the partnership, saying, “NewCo Plastics and White Wolf are thrilled to collaborate with the Magenta team, as we look forward to enhancing our service offerings to better cater to our customers. We strongly believe that blending our customer-centric cultures will yield positive outcomes for all stakeholders involved.”
About Magenta
Established in 1969, Magenta stands out as a specialized provider of injection-molded products, assemblies, and packaging solutions across a variety of industries. With certifications such as SQF (Safe Quality Food) and being an FDA registered manufacturer, Magenta prides itself on its American-made products from a newly renovated facility near Chicago. The company offers custom and stock products to clients in the medical, pharmaceutical, personal care, food & beverage, and other sectors.
For further information, visit: www.magentallc.com
About Permian Plastics LLC
Headquartered in St. Louis, Permian Plastics LLC has been a leading custom plastic injection molding company since 1994. Known for its innovative solutions, efficient production processes, and stringent quality control standards, Permian serves various industries including healthcare, biotechnology, electronics, and telecommunications. With expertise in polymer technologies and special materials, Permian provides tailored manufacturing solutions for diverse product applications.
For further information, visit: www.permianplastics.com
About NewCo Plastics
NewCo Plastics, a prominent plastics manufacturing platform, was established by White Wolf Capital to acquire and partner with North American plastic injection molding companies catering to a broad mix of industries. With revenues ranging from $5 million to $50 million, NewCo serves clients in medical, personal care, aerospace, defense, food & beverage, and other sectors.
For further information, visit: www.newcoplastics.com
About White Wolf Capital Group
White Wolf Capital Group is a versatile investment management firm offering private and public investment strategies to its stakeholders. Through private equity, private credit, and private fund ventures, White Wolf targets companies with revenues of $20 million to $200 million and up to $20 million in EBITDA. The firm focuses on various industries such as manufacturing, government services, information technology, security, and aerospace. Moreover, White Wolf also provides a publicly traded strategy enabling investors to access liquid alternatives through an actively managed ETF.
For further information, visit: https://www.whitewolfcapital.com
With office locations in Miami, Chicago, Montreal, and New York City, White Wolf Capital Group continues to make waves in the investment landscape, fostering partnerships and driving growth across diverse sectors and markets.
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