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Kruger Plastics Products Expands with Rancho Cordova, California, Facilities

02/26/2019
Kruger Plastics Products, a portfolio company of HC Private Investments, acquired Northern California Injection Molding and El Dorado Molds in Rancho Cordova, California.

Based in Rancho Cordova, 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 duty-diesel engine.

NCIM also provides clean room manufacturing capabilities, which will enable further penetration in the medical products market. The combined business has manufacturing facilities in California, Michigan and North Carolina with over 100 injection molding presses ranging from 40 tons to 1,300 tons and approximately 250 employees.

According to company officials, the NCIM acquisition fits with HCPI’s core strategy of combining strong executive resources with family-held businesses and patient capital to drive long-term growth. HCPI originally acquired Kruger Plastic Products in partnership with management in December 2017. HCPI will continue expanding the Springboard platform through a combination of organic growth initiatives and strategic complementary add-on acquisitions.

The Managing Partners of HCPI, John P. Kelly and Matthew J. Moran, added, “We are thrilled to be supporting Springboard’s growth by expanding its manufacturing footprint and providing the business with enhanced capabilities to attract and service customers, including those in the medical device sector.”

NCIM’s executive team, led by Glen Shrigley, Vice President of NCIM and El Dorado, will continue to manage the California operations. Shrigley said, “We are excited to be working with HCPI and Kruger to build long-term value. We believe that HCPI, Doug and the rest of the Kruger management team’s experience and capabilities make them the right partner for NCIM and will enable us to capitalize on significant opportunities while maintaining our core values of quality and service.”

Kruger also announced that it has changed its name to Springboard Manufacturing , which reflects the growth of the enterprise and solutions-oriented approach the Company takes with each of its customers.

“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,” said Doug Constable, CEO of Springboard.

“NCIM has played an integral role in its customers’ manufacturing process for nearly 30 years, and their customer-centric approach and culture of operational excellence make them an ideal fit for Kruger, and now Springboard. We are excited to partner with NCIM’s incredibly talented management teams to drive continued growth within our business,” he added.

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