White Wolf Capital and Gemini Investors have acquired Hilco Plastics, a plastic injection molder, in partnership with the company’s management team.
Hilco is a custom manufacturer of products that contain injection molded components for a variety of industries including automotive, medical, furniture, marine, and other. Hilco was formed in 1947 and currently operates three manufacturing facilities in Michigan. In addition to standard injection molding, Hilco utilizes a gas assisted molding process as well as secondary operations such as assembly, sonic welding, robotic insert molding, and robotically applied UV cured abrasion hard coating to protect part surfaces. The company is based in Grand Rapids, MI (www.hilcotech.com).
BlueWater Partners, an investment bank based in Grand Rapids, MI, served as the exclusive financial advisor to Hilco, and managed the preparation, marketing, negotiation, and due diligence phases of the process (www.bluewaterpartners.com).
White Wolf makes investments in companies with $10 million to $100 million in revenues and EBITDAs of at least $1 million. The firm was founded in 2011 and is based in New York (www.whitewolfcapital.com).
Gemini Investors invests from $3 to $8 million in companies with revenues of $10 million to $50 million and EBITDAs of at least $1 million. The firm was founded in 1993 and is based in Wellesley, MA (www.gemini-investors.com).
© 2012 PEPD • Private Equity’s Leading News Magazine • 8-30-12
