NewCo Plastics ("NewCo"), a platform formed by White Wolf
Capital Group ("White Wolf") that is a vertically integrated
provider of custom plastic injection molded parts and custom molds,
is pleased to announce its acquisition of Magenta LLC and its
affiliates, Permian Plastics LLC, and MM Plastics LLC
(collectively, "Magenta"). The acquisition of Magenta represents
the platform's third acquisition to date.
LOCKPORT, Ill., May 15, 2024
/PRNewswire-PRWeb/ -- NewCo Plastics ("NewCo"), a platform formed
by White Wolf Capital Group ("White Wolf") that is a vertically
integrated provider of custom plastic injection molded parts and
custom molds, is pleased to announce its acquisition of Magenta LLC
and its affiliates, Permian Plastics LLC, and MM Plastics LLC
(collectively, "Magenta"). The acquisition of Magenta represents
the platform's third acquisition to date.
Jordan
Earnheardt added "NewCo Plastics and White Wolf are proud to
be partnering with the teams across the Magenta footprint and look
forward to expanding their service offerings to better serve our
customer base."
Magenta and its affiliates provide a diversified custom
injection molding solution for customers within the healthcare,
personal care, biotechnology, chemicals, food & beverage, and a
vast array of end markets. The acquisition of Magenta solidifies
NewCo's commitment to providing mission-critical manufacturing
services to its robust customer base across the medical, personal
care, pharmaceutical, and industrial end markets.
Bob Mallo of the Magenta group of
companies said, "We're extremely excited to be joining NewCo
Plastics. NewCo's strengths in customer relationships, workforce
development, and emphasis on being the highest quality manufacturer
in the industry align perfectly with our culture. With our
collective efforts, we will be able to further expand and provide
additional opportunities to our customers and associates."
Jordan Earnheardt, Vice President
at White Wolf Capital Group, added "NewCo Plastics and White Wolf
are proud to be partnering with the teams across the Magenta
footprint and look forward to expanding their service offerings to
better serve our customer base. We believe the combination of these
two customer first cultures will lead to great outcomes for all
stakeholders."
About Magenta
Established in 1969, Magenta is a specialized provider of
injection-molded products, assemblies, and packaging solutions to a
variety of end-markets. Magenta maintains a SQF (Safe Quality Food)
certification and is a registered manufacturer with the Food &
Drug Administration. Proudly made in America from a newly remodeled
facility, just outside of Chicago,
Magenta supplies both custom and stock products to the medical,
pharmaceutical, personal care, food & beverage, and other end
markets.
For further information, please visit: www.magentallc.com
Permian Plastics LLC ("Permian") is a custom plastic injection
molding company based in St.
Louis. Since 1994, Permian has provided innovative
solutions, efficient production, and effective quality control for
customers in a wide range of industries. Permian brings quality,
performance, and price together to provide a fully integrated
manufacturing solution for healthcare, biotechnology, electronics,
telecommunications, and other critical industries. With a wide
range of expertise across a range of polymer technologies and
special materials, Permian provides a solution for various product
applications.
For further information, please visit:
www.permianplastics.com
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 plastics manufacturing
companies with revenues of $5 million
to $50 million serving a diversified
mix of end markets, including medical, personal care, aerospace,
defense, food & beverage, and others.
For further information, please visit: www.newcoplastics.com
About White Wolf Capital Group
White Wolf Capital Group is a diversified investment management
firm that provides investors with access to both private and public
strategies.
White Wolf's private capital strategies include private equity,
private credit, and private funds. In general, White Wolf Capital
Group 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's private funds strategy involves investing with other
private fund managers as a limited or financing 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 publicly traded strategy provides investors with
exposure to liquid alternatives through an actively managed
exchange-traded fund (ETF). This fund enables investors to access
publicly traded private equity and private credit. The publicly
traded fund offers additional liquidity options in the public
market while providing opportunities for both current income yield
and long-term capital appreciation.
For further information, please visit
https://www.whitewolfcapital.com.
White Wolf's office locations include Miami, Chicago, Montreal, and New
York City.
Contact:
White Wolf Capital Group, Inc.
Elie P. Azar, Chief Executive
Officer
305.605.8888
elie.azar@whitewolfcapital.com
Media Contact
Jonathan Satter, White Wolf
Capital Group, 1 786.228.8494,
jonathan.satter@whitewolfcapital.com, www.whitewolfcapital.com
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SOURCE White Wolf Capital Group