August 31, 2022
NewCo Plastics, a leading portfolio company of White Wolf Capital, is thrilled to announce the acquisition of PM Mold Company, marking a significant milestone in its expansion strategy within the plastics manufacturing industry.
Located in Schaumburg, Illinois, PM Mold has established itself as a highly respected vertically integrated manufacturer of custom plastic injection molded parts and molds. With nearly sixty years of industry experience, PM Mold has been providing a wide array of manufacturing services, ranging from product design to final shipment, across key sectors such as automotive, electrical, aerospace & defense, agriculture, and consumer products. This strategic acquisition represents NewCo's second venture since its inception in July 2021, showcasing its commitment to growth and innovation in the market.
Larry Hauck, President of PM Mold, expressed his enthusiasm about the partnership, stating, "We are excited to unite with Hilco Technologies under the NewCo Plastics banner to drive our growth plans forward. Through this collaboration, we anticipate leveraging NewCo's resources and vision to enhance our operational capabilities and expand our customer base, taking our business to new heights."
Elie Azar, Managing Director of White Wolf, echoed this sentiment by highlighting the strategic importance of the partnership. He stated, "The NewCo team is thrilled to join forces with Larry and the PM Mold team to offer their loyal customers a comprehensive suite of value-added manufacturing services. This collaboration not only extends NewCo's service portfolio but also reinforces its manufacturing footprint across the Midwest."
While details of the transaction were not disclosed, the synergies between NewCo Plastics and PM Mold are expected to create a strong foundation for future growth and innovation in the plastics manufacturing sector.
About NewCo Plastics
NewCo Plastics is a prominent plastics manufacturing platform established by White Wolf Capital with the aim to partner with and acquire North American plastic injection molding companies generating revenues between $5 million and $50 million. For more information, visit www.newcoplastics.com.
About PM Mold
PM Mold boasts extensive expertise in providing end-to-end manufacturing capabilities, from product design and engineering to distribution. With a focus on tight-tolerance custom mold manufacturing and high-quality injection molding, PM Mold has been catering to its customers' needs since its establishment in 1963. For further details, visit www.pmmold.com.
About White Wolf
White Wolf Capital is a private investment firm that was founded in late 2011, with a keen focus on making strategic investments in leading middle-market companies in North America. The firm specializes in direct and indirect investments, targeting companies with revenues between $20 million and $200 million. To learn more, visit www.whitewolfcapital.com.
This acquisition sets the stage for an exciting chapter of growth and collaboration between NewCo Plastics and PM Mold, driving innovation and excellence in the plastics manufacturing industry. Stay tuned for more updates on this strategic partnership.
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