Wincove Capital Buys GI Plastek Wolfeboro

Wincove Capital has acquired GI Plastek Wolfeboro LLC, a Wolfeboro, N.H.-based maker of plastic injection molded products. No financial terms were disclosed.

PRESS RELEASE

Wincove Capital (“Wincove”) acquired substantially all the assets of GI Plastek Wolfeboro, LLC (“GI Plastek” or the “Company”). Based in Wolfeboro, New Hampshire, GI Plastek is a premier manufacturer of highly-engineered plastic injection molded products.

The Company is an industry leader in standard high-pressure, structural foam, gas-assist and gas counter pressure plastic injection molding methods. GI Plastek specializes in large, complex plastic parts and often deals with specialized resins that many companies are unable to mold. The Company serves a diverse range of end markets, including the military, educational, medical, industrial, construction and leisure market segments.

Wincove intends to build upon the Company’s historical track record of organic growth through expanding its customer base and penetrating new end markets. Wincove will also seek to opportunistically grow GI Plastek via acquisition.

Wells Fargo Business Credit, based in Boston, provided the senior credit facilities to support Wincove’s acquisition. Spring Capital Partners, with offices in Baltimore and Philadelphia, and MB Capital, based in Boston, invested subordinated debt in the transaction.

Wincove Capital is a New York-based lower middle-market private equity firm that was launched in 2008. Wincove partners with profitable companies to help accelerate their growth and ultimately unlock value. The acquisition of GI Plastek is Wincove’s second transaction.

For further information, please contact Wincove at (212) 370-3500. Alternatively, please visit www.wincovecapital.com and www.giplastek.com.