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.