HC Private Investments Announces Strategic Investment in Kruger Plastic Products

CHICAGO–(BUSINESS WIRE)–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
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.

ABOUT KRUGER PLASTIC PRODUCTS

Established in 1975 as a custom injection molder dedicated to quality
and customer service, Kruger Plastic Products today provides customers
with quality parts in conjunction with value-added services relating to
engineering, design/decoration, material, process, assembly and
packaging. Kruger’s facility incorporates 47 injection molding machines
ranging in size from 25 tons to 1,000 tons, and supports a fully
staffed, full service mold making and repair department with CAD/CAM
capabilities and off-line programming. For more information, please
visit http://www.krugerplasticproducts.com/.

ABOUT HC PRIVATE INVESTMENTS

HC Private Investments (“HCPI”) is a private equity investment firm
focused on making investments between $5 million to $30 million in lower
middle-market manufacturing businesses within the consumer and
industrial markets. HCPI invests capital from HC Technologies, LLC, a
Chicago-based principal trading firm led by Joe Niciforo with offices
New York and London. The firm will also bring select family offices and
individuals to participate in its transactions providing HCPI with a
flexible and patient capital base. With a focus of being the first
institutional investor in a business, HCPI seeks to partner with
business owners, executives and management teams to identify
opportunities to remove impediments to growth enabling companies to
maximize their full value potential. For more information, please visit www.hcprivateinvest.com.

Contacts

Gasthalter & Co.
Nathaniel Garnick, 212-257-4170