Private equity backing will provide funds for growth at EPTAM Plastics

By Frank Antosiewicz
Correspondent

Published: May 21, 2014 1:19 pm ET
Updated: May 21, 2014 3:46 pm ET

Image By: EPTAM Plastics Ltd. EPTAM Plastics Ltd. focuses on precision-machined plastics for a variety of industries.

Related to this story

Topics Medical, Mergers & Acquisitions, Aerospace, Government/defense

A management team led by President Jeff Hollinger is joining with Boston-based private equity firm New Heritage Capital LLC in a recapitalization of EPTAM Plastics Ltd., a fabricator of precision-machined plastics components.

“We’re actually very excited about the transition. I look forward to working with New Heritage,” said Hollinger, in a telephone interview.

Northfield, N.H.-based EPTAM specializes in multi-axis machining of high quality plastic parts with tight tolerances for a multitude of industries, including aerospace, defense, semiconductor, medical, industrial and power generation. 

“We really do tend to focus on high-performance materials primarily because we do real precision machining. Part of our strategy has been to be diversified over multiple industries and we found that it has served us well. Even in 2008 and 2009 we continued to grow,” Hollinger said.

The company has more than 100 employees in a 62,000-square-foot facility that it built in 2001. It was founded by Dick Dearborn 32 years ago, originally called EP Tool & Machine. Hollinger was named president in 2000.

The decision to recapitalize came about, according to Hollinger, because the company wanted to continue its growth and family members of the founder wanted liquidity. The ownership team looked at many options, but decided that New Heritage was the right partner.

Terms of the deal were not disclosed, but Hollinger noted that EPTAM and New Heritage have similar desires to grow the company.

“We look for a passionate management team with a growth oriented business plan that is looking for a partner. EPTAM fits the bill perfectly,” said Judson Samuels, a principal with New Heritage.

“We want to work with the company to implement the next steps of its growth objectives,” he added.

Samuels said that New Heritage had previously worked for five years with a precision metal company, Centra Industries of Cambridge, Ontario. That company grew rapidly with a contract to supply parts to the Boeing 787 Dreamliner. It was sold to Precision Castparts Corp. in 2012.

He said New Heritage learned about the industry from its association with Centra, but has no timetable in place for EPTAM.


Comments

Private equity backing will provide funds for growth at EPTAM Plastics

By Frank Antosiewicz
Correspondent

Published: May 21, 2014 1:19 pm ET
Updated: May 21, 2014 3:46 pm ET

Post Your Comments


Back to story


More stories

Image

W&H buys bigger stake in BSW

January 23, 2015 10:43 am ET

Windmoeller & Hoelscher KG will get more involved in flexible packaging machinery through its bigger stake in machinery maker BSW Machinery Handels-...    More

Image

Esterform buys Constar UK, doubles PET preform capacity

January 23, 2015 10:07 am ET

Constar UK, once part of global packaging firm Constar International Holdings LLC, has a new owner.    More

Image

Dielectric expands capability range with acquisition of Centerline Machine

January 22, 2015 4:00 pm ET

Dielectric Corp. of Menominee Falls, Wis., is expanding its ability to machine a wide range of materials and sizes with the acquisition of Centerline ...    More

Image

Pyramid investing in new presses as it targets sales in medical, technical molding

January 21, 2015 1:40 pm ET

Custom molder Pyramid Plastics Inc. is investing to boost its stake in medical and technical molding.    More

Image

L-E-M adds capabilities, intellectual property with acquisition

January 15, 2015 4:12 pm ET

Plastics fabricator and distributor L-E-M Plastics & Supply Co. Inc. is banking on old-world craftsmanship to help it rebound from recent setbacks.    More

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Upcoming Plastics News Events

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events