Trade Resources Industry Views HC Private Investments Announces Strategic Investment in Kruger Plastic Products

HC Private Investments Announces Strategic Investment in Kruger Plastic Products

HC Private Investments (HCPI), a Chicago-based private investment firm, has acquired Kruger Plastic Products (Kruger), a family-owned, custom injection molding manufacturer of niche products and components.

Kruger’s senior management, including Pat Brandstatter, President, and Dirk Kruger, VP of Engineering, will maintain significant stakes in the company. Terms of the transaction were not disclosed.

Kruger has been an integral part of its customers’ manufacturing process for more than 40 years by providing them with end-to-end, value-added injection molding solutions, from in-house production engineering and design, raw material sourcing, tool making, logistics, assembly and inventory management.

Kruger currently serves customers across a variety of industries including consumer, industrial, and recreational vehicle end-markets. Kruger is based in Bridgman, MI and has approximately 100 employees.

HCPI has identified numerous opportunities to accelerate sales growth through strategic investment in manufacturing capabilities and personnel to better serve Kruger’s existing customer base, as well as expand into new end markets such as medical products.

Pat Brandstatter, said, “We are excited to be working with HCPI to build long-term value. We believe that HCPI’s experience and capabilities make them the ideal partner for Kruger to take advantage of the significant opportunities ahead while maintaining our core values of quality and service.”

John P. Kelly, Managing Partner at HCPI, said, “Kruger Plastic Products has distinguished itself through an unwavering focus on quality and service to its many great customers and we are excited to partner with Pat and Dirk to help them expand the business. We have great respect for the team and business that has been built over of the course of four decades.”

Matthew J. Moran, Managing Partner at HCPI, added, “We could not be more delighted to build on the legacy of Kruger Plastic Products, and look forward to working with the team to build a growth platform and bring Kruger’s world-class products and services to a broader array of customers.”

Winston & Strawn LLP served as legal counsel to HCPI. BlueWater Partners served as financial advisor to Kruger. Wintrust Financial Corporation provided debt financing for the transaction.

Source: http://packagingmaterials.packaging-business-review.com/news/hc-private-investments-announces-strategic-investment-in-kruger-plastic-products-6031441
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