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.