Date: July 15, 2022
NewCo Plastics, a key player in White Wolf Capital's portfolio, proudly announces the successful acquisition of Hilco Technologies, marking a significant stride in the plastic manufacturing sector.
Grand Rapids, MI (July 16, 2021) – Hilco Technologies, headquartered in Grand Rapids, Michigan, has built a sterling reputation for delivering high-quality thermoplastic and gas-assist injection molding, abrasion-resistant hard-coating, and rapid prototyping services to its loyal customer base. With a legacy spanning nearly 75 years, Hilco has been the go-to provider of comprehensive plastic manufacturing solutions across the medical, automotive, and other industries. Backed by multiple certifications, including IATF 16949, Aerospace AS9100 P1, ISO-9001:2015, and MedAccred for Plastics, Hilco stands as a beacon of excellence in the markets it serves.
Elie Azar, Managing Director of White Wolf, expressed his enthusiasm by stating, “Hilco was White Wolf Capital’s first investment in August 2012, and we have now taken our partnership to the next level by acquiring a majority stake in the business through our platform company, NewCo Plastics. We are delighted to deepen our decade-long collaboration with the dedicated team at Hilco, guided by our positive past experiences and their remarkable capabilities within the heart of America’s manufacturing industry. It was a natural decision for us to choose Hilco as the first add-on to NewCo Plastics.” The specific details of the transaction remain confidential.
About NewCo Plastics
NewCo Plastics, established under the banner of White Wolf Capital, specializes in partnering with and acquiring North American plastic injection molding and manufacturing companies with revenues ranging from $5 million to $50 million. For further information, please visit: www.newcoplastics.com.
About Hilco
Harnessing thermoplastic and gas-assist injection molding technology, Hilco excels in manufacturing, coating application, and assembly of plastic products for various industries, including medical, automotive, furniture, defense, and marine sectors. Additionally, Hilco is at the forefront in applying abrasion-resistant hard coat compositions and prides itself as one of the few UV curable, robotically sprayed, abrasion-resistant hard coaters in the United States. Since its inception in 1947, Hilco operates from three prominent manufacturing plants in Michigan. For further information, please visit: www.hilcotech.com.
About White Wolf
White Wolf Capital, a private investment firm operational since late 2011, stands as a stalwart in making direct and indirect investments in prominent middle market companies in North America. With a primary focus on private equity and private credit investment opportunities, White Wolf seeks partnerships with companies generating revenues of $20 million to $200 million and up to $20 million in EBITDA. The firm is especially inclined towards investing in manufacturing, business services, government services, information technology, security, aerospace, and defense. Apart from direct investments, White Wolf also collaborates with private fund managers as a limited partner, with a keen interest in North American-focused private credit funds. For further information, please visit: www.whitewolfcapital.com.
The acquisition of Hilco Technologies by NewCo Plastics signals a promising chapter in the future of plastic manufacturing, showcasing a strong commitment to innovation and excellence within the industry.
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