NewCo, a platform formed by White Wolf Capital Group ("White Wolf"), is a vertically integrated provider of custom plastic injection molded parts and custom molds based out of Lockport, Illinois. NewCo's acquisition of Magenta and its affiliates provide a diversified custom injection molding solution for customers within the healthcare, personal care, biotechnology, chemicals, food & beverage, and a vast array of end markets. The acquisition of Magenta solidifies NewCo's commitment to providing mission-critical manufacturing services to its robust customer base across the medical, personal care, pharmaceutical, and industrial end markets.

LO3 Capital, a private investment firm providing transformative capital to lower-middle market companies, announced today a senior subordinated debt...

Sebastian Diensthuber, Greiner Packaging’s global product group manager, is thrilled by the innovation. "When developing the thin-walled, injection-molded cups made of PET, it was important for us to develop a solution that was not only innovative but also able to withstand our customers' industrial requirements. The cups we developed together with Brink and Engel are designed in such a way that a transition to the new generation of cups is possible, both in filling and sealing”.

Elie Azar, White Wolf Capital Group Founder, CEO and CIO, added, "NewCo Plastics and White Wolf are excited to partner with the talented teams at Magenta. We're well-positioned to offer a broader range of services and deliver an even better experience to our valued customers."

LO3 Capital, a private investment firm providing transformative capital to lower-middle market companies, announced today a debt and equity...

This latest investment will mark LO3 Capital's tenth investment since the fund's launch in September of 2022. Glenn Harrison, Managing Director and Co-Founder of LO3 Capital, said, "We have a long-standing relationship with White Wolf and we look forward to supporting them as they continue their growth strategy with NewCo plastics."

In the future, it won’t only be PET bottles that will serve as resource for recycling and reuse as rPET, but PET and rPET plastic cups as well.

After an intensive development phase, Greiner Packaging has achieved a breakthrough in cooperation with injection molding machine maker Engel and mold maker Brink: Thin-walled cups made of recycled PET can now also be produced using injection molding technology. Suitable for filling lines, sealable and offering considerable carbon dioxide savings potential, the breakthrough opens new opportunities for packaging designed for a circular economy.

Greiner Packaging, Engel, and Brink combine forces to develop thin-walled injection-molded recycled PET (rPET) cups designed for a circular economy.

About LO3 CapitalLO3 Capital is a minority-owned private investment firm committed to helping lower-middle market companies grow. The firm has offices in Nashville, New York and Dallas and targets business with over $3 million of EBITDA across a variety of industries. LO3 Capital partners with management teams, business owners, and private equity firms to finance organic growth, acquisitions, recapitalizations, and ownership transitions. LO3 Capital was previously a division of Live Oak Growth Capital and continues to manage the Live Oak Growth Capital funds. For more information, please visit lo3capital.com

The lightweight packaging made of recycled material that can be readily recycled is a model of an optimally sustainable packaging from environmental and regulatory aspects.

NEW YORK, May 28, 2024 /PRNewswire/ -- LO3 Capital, a private investment firm providing transformative capital to lower-middle market companies, announced today a senior subordinated debt and equity investment to support NewCo Plastics ("NewCo") acquisition of Magenta LLC and its affiliates, Permian Plastics LLC, and MM Plastics LLC (collectively, "Magenta").

The use of 100% rPET results in up to a four-fold reduction in carbon dioxide equivalent emissions compared to virgin PP, according to data using the Ecoinvent v.3.9 database.