News2019-09-04T13:30:50-04:00

NEWS

HC PRIVATE INVESTMENTS ANNOUNCES STRATEGIC PARTNERSHIP WITH EPICUREAN BUTTER CO

HC Private Investments Announces Strategic Partnership With Epicurean Butter Co. September 04, 2019 12:30 PM Eastern Daylight Time CHICAGO--(BUSINESS WIRE)--HC Private Investments (“HCPI”), a Chicago-based private investment firm, today announced a strategic partnership with Janey and John Hubschman, the co-founders of Epicurean Butter Company, Inc. (“Epicurean Butter” or “the Company”), a market-leading manufacturer of finishing butters for the retail and foodservice industries. As part of the partnership, the Hubschman’s are remaining in senior leadership roles and maintaining a significant minority ownership stake in the Company. Additionally, HCPI is providing capital that will support the Company’s strong sales growth and ability to execute on strategic investments in manufacturing capabilities and personnel to better serve the Company’s existing customer base. Terms of the transaction were not disclosed. Founded in 2004 and located in Federal Heights, CO, Epicurean Butter enables consumers, personal chefs and foodservice professionals to bring restaurant quality flavors into their own kitchens without additional prep-time or cooking knowhow. The Company offers 15 core flavors of sweet and savory finishing butters that can be paired with steaks, seafood, vegetables, pasta and breads. Epicurean Butter’s products are made with all-natural and premium ingredients and are sold as branded and private label products [...]

KRUGER PLASTIC PRODUCTS EXPANDS NATIONAL MANUFACTURING FOOTPRINT THROUGH ACQUISITION OF NORTHERN CALIFORNIA INJECTION MOLDING AND EL DORADO MOLDS

Kruger Plastic Products Expands National Manufacturing Footprint Through Acquisition of Northern California Injection Molding and El Dorado Molds Changes Corporate Identity to Springboard February 25, 2019 08:00 AM Eastern Standard Time CHICAGO--(BUSINESS WIRE)--Kruger Plastics Products (“Kruger”), a portfolio company of HC Private Investments (“HCPI”), today announced that it has successfully acquired Northern California Injection Molding and El Dorado Molds (“NCIM”), creating a leading manufacturer of high-quality custom injection molding tooling and parts serving a wide-range of customers nationwide. NCIM’s executive team, led by Glen Shrigley, will continue to manage the California operations. Terms of the transaction were not disclosed. “This is a transformative transaction that provides Springboard with world-class toolmaking capabilities and injection molding operations and enhances our ability to service our blue-chip clients from coast-to-coast” Tweet this Kruger also announced that it has changed its name to Springboard Manufacturing (“Springboard”), which reflects the growth of the enterprise and solutions-oriented approach the Company takes with each of its customers. In connection with the renaming, the Company has launched a new website: www.springboardmfg.com. Based in Rancho Cordova, CA, NCIM provides fully-integrated plastic manufacturing and engineering solutions to its global customer base across a diversified set of end-markets, including medical, industrial and heavy [...]

HC Private Investments Announces Partnership with Kruger Plastic Products

HC Private Investments Announces Strategic Investment in Kruger Plastic Products Business Wire CHICAGO -- January 17, 2018 HC Private Investments (“HCPI”), a Chicago-based private investment firm, today announced that it 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 [...]

HC Technologies launches private equity firm led by John Kelly and Matt Moran

HC Technologies Launches Private Equity Firm Firm Has Long Investment Horizon and Focuses on Underserved Lower-Middle Market Consumer and Industrial Businesses CHICAGO, June 19, 2017 (GLOBE NEWSWIRE) -- HC Technologies, LLC, a Chicago-based principal trading firm with offices in New York City and London, today announced the launch of its private equity arm, HC Private Investments (“HCPI”).  HCPI will make investments in lower-middle market manufacturing companies ranging in size from $10 to $100 million in enterprise value focused on consumer and industrial markets.  Typical equity investments will range in size between $5 million and $25 million. Led by veteran middle market investors, John P. Kelly and Matthew J. Moran, HCPI was founded as an alternative to the traditional private equity model given its highly patient and flexible capital base and long-term investment horizon.  HCPI provides business owners and management teams access to operational know-how through its network of seasoned operating executives, who have led publicly-traded and multi-billion dollar businesses, each with a track record of creating value. “I am delighted to be expanding our investment capacity with the launch of HCPI,” said Joe Niciforo, Managing Principal of HC Technologies, LLC.  “I have known John and Matt for years, and have [...]

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