The recapitalization of Wright Plastic Products Co., LLC (“Wright”) by President Robert Luce and CODI Investments, LLC (“CODI”) has resulted in the preservation of local ownership and management for a Michigan business. Luce will retain his existing equity ownership in the company and continue operating the Wright Plastic Products injection molding business with its current management team. The transaction also allows Brahma Capital Corp. to exit its investment as CODI initiates investment in the company and its growth.
Wright Plastic Products is a custom injection molder providing design, engineered solutions and program management to manufacture molded, welded, assembled and decorated products for the automotive industry and other commercial applications. Headquartered near Greenville in Sheridan, Mich., the company operates a second facility in St. Clair, Mich.
CODI Investments is a Grand Rapids, Michigan-based private equity firm that invests in growing middle-market manufacturing companies.
Cascade Partners (BlueWater Partners) acted as the exclusive financial advisor to Wright Plastic Products.
Update: BlueWater Partners has joined Cascade Partners. Read more here.