NewCo Plastics (“NewCo”), a portfolio company of White Wolf Capital (“White Wolf”), is pleased to announce the acquisition of PM Mold Company (“PM Mold”).
August 31, 2022 – Based in Schaumburg, Illinois, PM Mold is a highly regarded vertically integrated manufacturer of custom plastic injection molded parts and custom molds. For nearly sixty years, PM Mold has provided a comprehensive suite of manufacturing services from product design to final shipment for its customers, operating across industries such as automotive, electrical, aerospace & defense, agriculture, and consumer products. PM Mold is NewCo’s second acquisition since its formation in July 2021.
Larry Hauck, President of PM Mold, said “We are excited to be joining forces with Hilco Technologies under the NewCo Plastics umbrella to execute our plans for growth. Through our partnership with NewCo, we expect PM Mold to continue its positive momentum in providing the right resources and vision to expand our operational capabilities and customer base, which will take our business to the next level.”
Elie Azar, Managing Director of White Wolf, added “The NewCo team is thrilled to partner with Larry and the PM Mold team to provide their longstanding customers a full suite of value-added manufacturing capabilities. The partnership with PM Mold will not just expand NewCo’s service offering, but further solidifies its manufacturing footprint across the Midwest.”
Details of the transaction were not disclosed.
About NewCo Plastics
NewCo Plastics is a plastics manufacturing platform 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: www.newcoplastics.com
About PM Mold
From product design and engineering through shipment and distribution, PM Mold provides its customers with end-to-end manufacturing capabilities with its extensive experience in both tight-tolerance custom mold manufacturing and high-quality injection molding. PM was founded in 1963 and manufactures its products out of its two facilities in Schaumburg. For further information, please visit: www.pmmold.com.
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 www.whitewolfcapital.com.