NewCo Plastics
a portfolio company of
White Wolf Capital
is pleased to announce the acquisition of

  • Injection Molding Manufacturer
  • July 2021

NewCo Plastics (“NewCo”), a portfolio company of White Wolf Capital (“White Wolf”), is pleased to announce the acquisition of Hilco Technologies (“Hilco”).

Grand Rapids, MI (July 16, 2021) – Based in Grand Rapids, Hilco is known for providing its long-term customer base thermoplastic and gas-assist injection molding, abrasion resistant hard-coating, and rapid prototyping services. For nearly 75 years, Hilco has been providing its customers turnkey plastic manufacturing solutions across the medical, automotive, and other end markets. Hilco maintains various certifications for the end markets it serves, including IATF 16949, Aerospace AS9100 P1, ISO-9001:2015, and MedAccred for Plastics. 

Elie Azar, Managing Director of White Wolf, added “Hilco was White Wolf Capital’s first investment which closed in August 2012.  At that time, the investment was a minority stake but now our platform company NewCo Plastics, has acquired a majority stake in the business.  Accordingly, we feel fortunate to have the opportunity to further expand our near decade long partnership with the Hilco team.  Our past experiences with management, as well as Hilco’s diverse capabilities and footprint in the heart of America’s manufacturing industry, made it an easy decision as the first add-on to NewCo Plastics.” Details of the transaction were not disclosed.

About NewCo Plastics

NewCo Plastics is a holding company that was formed by White Wolf Capital to partner with and acquire North American plastic injection molding and manufacturing companies with revenues of $5 million to $50 million. For further information, please visit:

About Hilco 

Using thermoplastic and gas-assist injection molding technology, Hilco manufactures, applies coatings to, and assembles plastic products for customers in the medical, automotive, furniture, defense, marine and other end-markets. Hilco also applies abrasion resistant hard coat compositions and is one of the only UV curable, robotically sprayed, abrasion resistant hard coater in the U.S. Hilco was established in 1947 and manufactures product out of three plants in Michigan. For further information, please visit:

About White Wolf

White Wolf is a private investment firm that began operations in late 2011 and is focused on making direct and indirect investments in leading North American middle market companies.

White Wolf seeks private equity and private credit investment opportunities in companies with $20 million to $200 million in revenues and up to $20 million in EBITDA. Typical situations include management buyouts, leveraged buyouts, recapitalizations, and investments for growth. Preferred industries include manufacturing, business services, government services, information technology, security, aerospace, and defense.

White Wolf also looks to invest with other private fund managers as a limited partner. Targeted investment candidates are North American focused private credit funds looking to raise $50 million to $500 million, with a focus on the lower-middle and middle-market.

White Wolf’s office locations include Miami, Chicago, Montreal, and New York City.

For further information, please visit

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