Published in Manufacturing

Grand Traverse Plastics acquired by SE Michigan PE firm

BY MiBiz Staff Wednesday, December 19, 2018 04:43pm

WILLIAMSTON — A Northern Michigan Tier 1 supplier of engineered plastic assemblies has been acquired by a private equity firm.

In the deal, Southfield, Mich.-based Covington Partners LLC acquired Grand Traverse Plastics Corp. of Williamston, according to a statement.

Grand Traverse Plastics manufactures under-the-hood plastic components for the automotive industry, as well as supplies the material handling sector with engineered conveyor system components.

Terms of the deal were not disclosed.

Birmingham, Mich.-based Angle Advisors served as financial adviser to Grand Traverse Plastics in the deal.

Read 2899 times Last modified on Thursday, 27 December 2018 16:53
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