SPRINGBOARD MANUFACTURING ANNOUNCES SALE OF MIDWEST OPERATIONS
CHICAGO – July 7, 2023 – Springboard Manufacturing (“Springboard”), a portfolio company of HC Private Investments (“HCPI”), today announced it completed the sale of its South Bend, IN facility to DuraMax Holdings, dba AMD Plastics (“DuraMax”). Following the completion of the sale, Springboard has relocated its headquarters to its medical device-focused operation in Rancho Cordova, CA.
“We are pleased with all we accomplished working with our talented team in South Bend,” said Midwest President and Board member, Patrick Brandstatter. “Under our ownership, we consolidated three facilities into one 175,000 square foot operation and doubled sales over the past five years. We believe the business and team will continue to thrive and expand under new ownership as DuraMax is a world-class injection molder.”
Winston & Strawn LLP served as legal counsel and MBS Advisors served as financial advisor to Springboard.
ABOUT SPRINGBOARD MANUFACTURING
Originally established in 1975 as a custom injection molder dedicated to quality and customer service, Springboard provides its leading medical device customers with quality products in conjunction with value-added services relating to engineering, product design, material selection, process mapping, assembly and packaging. Springboard’s facilities support 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.springboardmfg.com/.
ABOUT HC PRIVATE INVESTMENTS
HC Private Investments is a private equity investment firm focused on making investments between $10 million to $40 million in lower middle-market manufacturing businesses within the consumer and industrial markets. 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.
Gasthalter & Co.